Form 4: Cummins CFO Mark Smith Executes Stock Options and Sells Shares
SEC Form 4
Mark Andrew Smith, CFO of Cummins Inc., exercised stock options and sold shares on February 10, 2025, according to a Form 4 filing with the SEC.
Summary
- On February 10, 2025, Mark Andrew Smith, the VP Chief Financial Officer of Cummins Inc., engaged in transactions involving Cummins' common stock.
- Smith exercised stock options to acquire 6,080 shares at $160.10, 4,380 shares at $149.72, and 970 shares at $114.13.
- Concurrently, Smith sold 3,150 shares at a weighted average price of $374.8504, 3,358 shares at a weighted average price of $375.683, and 4,922 shares at a weighted average price of $373.6361.
- Following these transactions, Smith directly owns 26,122 shares of Cummins common stock.
- Smith also holds options to purchase 21,310 shares at $142.12 (exercisable from 04/06/2023, expiring 04/06/2030) and 21,580 shares at $163.43 (exercisable from 04/04/2022, expiring 04/04/2029).
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine insider transactions and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date stock options became exercisable for 4,380 shares. |
| 06/01/2019 | Date stock options became exercisable for 970 shares. |
| 04/03/2021 | Date stock options became exercisable for 6,080 shares. |
| 04/04/2022 | Date stock options became exercisable for 21,580 shares. |
| 04/06/2023 | Date stock options became exercisable for 21,310 shares. |
| 06/01/2026 | Expiration date for stock options for 970 shares. |
| 04/03/2027 | Expiration date for stock options for 4,380 shares. |
| 04/03/2028 | Expiration date for stock options for 6,080 shares. |
| 04/04/2029 | Expiration date for stock options for 21,580 shares. |
| 04/06/2030 | Expiration date for stock options for 21,310 shares. |
| 02/10/2025 | Date of stock option exercise and share sale transactions. |
| 02/11/2025 | Date of the Form 4 filing. |
Keywords
Form 4, insider trading, stock options, Cummins, CMI, Mark Andrew Smith, CFO, share sale, equity
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