Form 4: Cummins Inc. Executive Ashwath Ram Reports Changes in Beneficial Ownership

Ashwath Ram, V.P. of Supply Chain at Cummins Inc., reports changes in beneficial ownership of company stock due to tax liabilities and an adjustment for previously excluded shares.

Summary

• On October 3, 2024, Ashwath Ram, V.P. of Supply Chain at Cummins Inc., filed a Form 4 with the SEC reporting changes in beneficial ownership of Cummins Inc. stock.
• The filing indicates that shares were withheld to satisfy tax liabilities related to the vesting of restricted stock units.
• An adjustment of 499 shares was included to correct an omission from prior Form 4 filings.
• Ram also reports indirect ownership through the company's 401(k) plan and shares held by his mother, but disclaims beneficial ownership of the latter.
• Following the reported transactions, Ram directly owns 710.036 shares of Cummins Inc. common stock.
• He also has indirect ownership of 154.4737 shares through the 401(k) plan and 210.401 shares held by his mother.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The correction of previously omitted shares ensures accurate reporting of beneficial ownership.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, contributing to market transparency.

Key Dates