Form 4: Cummins Inc. Executive Jeffrey T. Wiltrout Reports Stock Transactions
SEC Form 4
Jeffrey T. Wiltrout, VP of Corporate Strategy at Cummins Inc., reports multiple transactions involving common stock and stock options on May 22, 2024.
Summary
- On May 22, 2024, Jeffrey T. Wiltrout, VP of Corporate Strategy at Cummins Inc., engaged in several transactions involving the company's common stock and stock options.
- These transactions included the exercise of stock options at prices of $142.12, $163.43, and $160.1, resulting in the acquisition of 530, 370, and 260 shares, respectively.
- Wiltrout also disposed of shares to cover tax obligations, with 179, 258, and 341 shares disposed of at a price of $287.01.
- Following these transactions, Wiltrout directly owns 1,579 shares of Cummins Inc. common stock.
- Additionally, Wiltrout indirectly owns 334.0165 shares through the company's 401(k) plan.
- He also holds stock options to purchase 260, 370, and 530 shares of common stock, exercisable at $160.1, $163.43, and $142.12, respectively.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives. 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.
- Executives at companies such as Caterpillar (CAT) and Deere & Company (DE) also regularly file similar reports when they trade their company's stock.
- The details disclosed, such as the number of shares traded and the prices, are consistent with the level of information required by the SEC for insider transaction reporting.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into executive behavior.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/03/2021 | Date stock options exercisable for 260 shares. |
| 04/03/2028 | Expiration date for stock options for 260 shares at $160.1. |
| 04/04/2022 | Date stock options exercisable for 370 shares. |
| 04/04/2029 | Expiration date for stock options for 370 shares at $163.43. |
| 04/06/2023 | Date stock options exercisable for 530 shares. |
| 04/06/2030 | Expiration date for stock options for 530 shares at $142.12. |
| 05/22/2024 | Date of stock transactions, including option exercises and share disposals. |
| 05/23/2024 | Date of signature by Attorney-in-Fact. |
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