Form 4: Cummins Inc. CFO Mark Andrew Smith Donates 401 Shares to Charity

Mark Andrew Smith, CFO of Cummins Inc., reported a charitable gift of 401 shares of common stock on February 13, 2025.

Summary

• On February 13, 2025, Mark Andrew Smith, the VP Chief Financial Officer of Cummins Inc., donated 401 shares of Cummins common stock to a charity.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, Smith directly owns 25,721 shares of Cummins common stock.
• Smith also holds options to purchase 21,310 shares at $142.12 (exercisable from 04/06/2023 to 04/06/2030) and 21,580 shares at $163.43 (exercisable from 04/04/2022 to 04/04/2029).

Sentiment

Score: 5

Explanation: The document describes a routine transaction (charitable donation) and has a neutral sentiment.

Positives

• The charitable donation could be viewed positively as it demonstrates social responsibility.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Charitable donations of stock are a common practice among executives.

Comparison to Industry Standards

• Executive compensation and stock ownership are typical metrics compared across companies like Caterpillar (CAT) and Deere & Company (DE).
• Comparing Smith's stock ownership and option grants to those of CFOs at similar-sized industrial companies would provide context.
• Donations of stock are a common tax planning strategy for high-income individuals, and the size of the donation is relatively small compared to Smith's overall holdings.

Stakeholder Impact

• The charitable donation has a minor positive impact on the recipient charity.
• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Insider Trading, Charitable Gift, Mark Andrew Smith, CFO, Cummins Inc., CMI, Stock Options, Beneficial Ownership