Form 4: Cummins CFO Mark Andrew Smith Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark Andrew Smith, CFO of Cummins Inc., reports acquisition and disposal of common stock due to earned performance shares and tax liabilities.
Summary
- On March 1, 2025, Mark Andrew Smith, the CFO of Cummins Inc., reported changes in his beneficial ownership of Cummins' common stock.
- He acquired 10,365 shares of common stock.
- He disposed of 4,504 shares to satisfy tax liabilities related to earned performance shares at a price of $368.18 per share.
- Following these transactions, Smith directly owns 31,582 shares of Cummins common stock.
- He also holds stock options for 21,310 shares exercisable from April 6, 2023, at $142.12 and stock options for 21,580 shares exercisable from April 4, 2022, at $163.43.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date from which stock options for 21,580 shares at $163.43 are exercisable |
| 04/06/2023 | Date from which stock options for 21,310 shares at $142.12 are exercisable |
| 03/01/2025 | Date of the reported transactions: acquisition and disposal of common stock |
| 03/04/2025 | Date of signature by Attorney-in-Fact |
| 04/04/2029 | Expiration date of stock options for 21,580 shares at $163.43 |
| 04/06/2030 | Expiration date of stock options for 21,310 shares at $142.12 |
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