Form 4: Cummins Inc. CEO Jennifer Rumsey Reports Stock Transactions
SEC Form 4
Jennifer Rumsey, President & CEO of Cummins Inc., reports acquisition and disposal of company stock, including shares withheld for tax liabilities and transactions within the 401(k) plan.
Summary
- On March 1, 2024, Jennifer Rumsey, President & CEO of Cummins Inc., reported transactions involving Cummins common stock.
- She acquired 10,785 shares of common stock at $0.00, and disposed of 4,277 shares at $270.26 to cover tax liabilities related to earned performance shares.
- Following these transactions, Rumsey directly owns 9,206 shares of common stock.
- She also indirectly owns 1,482.4276 shares through the 401(k) plan and 11,373 shares through a trust.
- Rumsey holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key executives.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the CEO's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 07/01/2017 | Stock Option (Right-to-Buy) $154.35 exercisable |
| 08/15/2018 | Stock Option (Right-to-Buy) $128.05 exercisable |
| 04/02/2018 | Stock Option (Right-to-Buy) $136.82 exercisable |
| 04/04/2019 | Stock Option (Right-to-Buy) $109.09 exercisable |
| 04/03/2020 | Stock Option (Right-to-Buy) $149.72 exercisable |
| 04/03/2021 | Stock Option (Right-to-Buy) $160.1 exercisable |
| 04/04/2022 | Stock Option (Right-to-Buy) $163.43 exercisable |
| 10/16/2022 | Stock Option (Right-to-Buy) $166.18 exercisable |
| 04/06/2023 | Stock Option (Right-to-Buy) $142.12 exercisable |
| 07/01/2024 | Expiration Date of Stock Option (Right-to-Buy) $154.35 |
| 08/15/2025 | Expiration Date of Stock Option (Right-to-Buy) $128.05 |
| 04/02/2025 | Expiration Date of Stock Option (Right-to-Buy) $136.82 |
| 04/04/2026 | Expiration Date of Stock Option (Right-to-Buy) $109.09 |
| 04/03/2027 | Expiration Date of Stock Option (Right-to-Buy) $149.72 |
| 04/03/2028 | Expiration Date of Stock Option (Right-to-Buy) $160.1 |
| 04/04/2029 | Expiration Date of Stock Option (Right-to-Buy) $163.43 |
| 10/16/2029 | Expiration Date of Stock Option (Right-to-Buy) $166.18 |
| 04/06/2030 | Expiration Date of Stock Option (Right-to-Buy) $142.12 |
| 03/01/2024 | Date of earliest transaction |
| 03/05/2024 | Signature date of the form |
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