Form 4: Cummins Inc. Executive Donald G. Jackson Reports Stock Transactions
SEC Form 4 Filing
Donald G. Jackson, VP Treasury & Tax at Cummins Inc., reports acquisition and disposal of company stock, including shares withheld for tax liabilities and holdings in a 401(k) plan.
Summary
- On March 1, 2024, Donald G. Jackson, VP Treasury & Tax at Cummins Inc., reported transactions involving Cummins Inc. common stock.
- Jackson acquired 1,410 shares of common stock at $0.00 per share.
- He also disposed of 470 shares at $270.26 per share to cover tax liabilities related to earned performance shares.
- Following these transactions, Jackson directly owns 4,114.9379 shares of Cummins Inc. common stock.
- Additionally, Jackson indirectly owns 220.8762 shares through the company's 401(k) plan.
- Jackson also holds multiple stock options to purchase Cummins Inc. common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Cummins Inc.
- Similar filings are made by executives at companies like Caterpillar (CAT) and Deere & Company (DE) when they trade their company's stock.
- The details disclosed, such as the number of shares traded and the prices, are consistent with regulatory requirements for insider transaction reporting.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
- The disposal of shares to cover tax liabilities is a common practice and doesn't necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date of stock option grant with exercise price of $149.72, expiring 04/03/2027 |
| 04/03/2021 | Date of stock option grant with exercise price of $160.1, expiring 04/03/2028 |
| 04/04/2022 | Date of stock option grant with exercise price of $163.43, expiring 04/04/2029 |
| 04/06/2023 | Date of stock option grant with exercise price of $142.12, expiring 04/06/2030 |
| 06/01/2023 | Date of stock option grant with exercise price of $169.83, expiring 06/01/2030 |
| 03/01/2024 | Date of common stock acquisition and disposal. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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