Form 4: Atmus Filtration Technologies Inc. Executive Acquires Shares Following RSU Conversion

Charles Masters, VP of Engine Products at Atmus Filtration Technologies Inc., acquired 186 shares of common stock on April 16, 2024, following the conversion of Cummins Cares RSUs to Atmus RSUs.

Summary

• On April 16, 2024, Charles Masters, VP of Engine Products at Atmus Filtration Technologies Inc., acquired 186 shares of common stock.
• The acquisition was a result of the conversion of Cummins Cares Restricted Stock Units (RSUs) into Atmus RSUs.
• The price per share for the transaction was $0.
• Following the transaction, Masters directly owns 27,064 shares of Atmus Filtration Technologies Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The acquisition increases Charles Masters' stake in Atmus Filtration Technologies Inc., demonstrating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects the standard process of converting equity compensation from a parent company (Cummins) to its spun-off entity (Atmus).

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard executive compensation matter.

Key Dates