Form 4: Cummins Inc. Executive Bonnie Fetch Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bonnie Fetch, VP of Supply Chain at Cummins Inc., reports acquisition and disposal of common stock, as well as holdings in derivative securities.
Summary
- On March 1, 2024, Bonnie Fetch, VP of Supply Chain at Cummins Inc., reported changes in beneficial ownership of Cummins Inc. stock.
- Fetch acquired 705 shares of common stock.
- Fetch disposed of 185 shares to cover tax liabilities at a price of $270.26 per share.
- Following these transactions, Fetch directly owns 1,286 shares of common stock.
- Fetch also indirectly owns 1,478.6214 shares through the company's 401(k) plan.
- Fetch holds stock options to purchase 1,300 shares at $134.68, 1,600 shares at $142.12, and 1,850 shares at $163.43.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and ownership positions.
Stakeholder Impact
- Shareholders are informed about the insider trading activities of a key executive.
Key Dates
| Date | Description |
|---|---|
| June 13, 2023 | Date of Power of Attorney grant. |
| 03/01/2024 | Date of stock acquisition and disposal. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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