Form 4: Cummins Inc. Director Karen H. Quintos Reports Transaction

Director Karen H. Quintos reports the sale of 1,000 shares of Cummins Inc. common stock at a price of $270.2378 per share on February 28, 2024, and a transfer of shares to a revocable trust.

Summary

• On February 28, 2024, Karen H. Quintos, a director of Cummins Inc., sold 1,000 shares of common stock at $270.2378 per share.
• Following the transaction, Quintos directly owns 2,532.3234 shares of Cummins Inc.
• Quintos also indirectly owns 2,835 shares through a trust.
• The report also mentions dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the last filed Form 4, totaling 149.9124 shares.
• Quintos has a power of attorney authorizing Karen M.R. Weber and Nicole Y. Lamb-Hale to act on her behalf for SEC filings.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a stock transaction by a company director, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates