Form 4: Cummins Inc. Executive Amy Davis Reports Stock Transactions
SEC Form 4 Filing
Amy Davis, VP & President of Accelera and Components at Cummins Inc., reports acquisition of 2,911 shares and disposal of 1,529 shares to cover tax liabilities.
Summary
- On February 19, 2025, Amy Davis, VP & President of Accelera and Components at Cummins Inc., acquired 2,911 shares of common stock due to earned performance-based restricted stock units.
- These restricted stock units will vest on February 19, 2026.
- Also on February 19, 2025, Ms. Davis disposed of 1,529 shares of common stock at a price of $386.07 to satisfy tax liabilities related to the earned performance shares.
- Following these transactions, Ms. Davis beneficially owns 20,887.013 shares of Cummins Inc. common stock.
- Ms. Davis also holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing stock transactions related to compensation and tax obligations. There's no indication of significant positive or negative sentiment.
Positives
- The acquisition of performance-based restricted stock units suggests confidence in the company's future performance.
Negatives
- The disposal of shares to cover tax liabilities, while common, slightly reduces Ms. Davis's holdings.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date of exercisable stock options with expiration date 04/03/2027. |
| 04/03/2021 | Date of exercisable stock options with expiration date 04/03/2028. |
| 04/04/2022 | Date of exercisable stock options with expiration date 04/04/2029. |
| 04/06/2023 | Date of exercisable stock options with expiration date 04/06/2030. |
| 07/01/2023 | Date of exercisable stock options with expiration date 07/01/2030. |
| 02/19/2025 | Date of stock acquisition and disposal. |
| 02/19/2026 | Vesting date for the acquired performance-based restricted stock units. |
Keywords
Form 4, insider trading, stock options, restricted stock units, Cummins Inc., CMI, Amy Davis
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