Form 4: Cummins Inc. Executive Jennifer Bush Reports Stock Transactions
SEC Form 4 Filing
Jennifer Bush, VP & President of Power Systems at Cummins Inc., reports the acquisition and disposal of company stock and withholding of shares for tax liabilities.
Summary
- On March 1, 2024, Jennifer Bush, VP & President of Power Systems at Cummins Inc., reported transactions involving Cummins Inc. common stock.
- Bush acquired 1,410 shares of common stock at $0.00, and disposed of 426 shares at $270.26 to satisfy tax liabilities related to earned performance shares.
- Following these transactions, Bush directly owns 3,964.167 shares of common stock and indirectly owns 150 shares through a spouse.
- Bush also holds multiple stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are regulated to prevent insider trading and ensure transparency.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date of exercisable stock options with an exercise price of $149.72, expiring on 04/03/2027 |
| 10/23/2020 | Date of exercisable stock options with an exercise price of $177.23, expiring on 10/23/2027 |
| 04/03/2021 | Date of exercisable stock options with an exercise price of $160.1, expiring on 04/03/2028 |
| 04/04/2022 | Date of exercisable stock options with an exercise price of $163.43, expiring on 04/04/2029 |
| 06/16/2023 | Date of Power of Attorney document |
| 04/06/2023 | Date of exercisable stock options with an exercise price of $142.12, expiring on 04/06/2030 |
| 03/01/2024 | Date of stock acquisition and disposal transactions |
| 03/05/2024 | Date of Form 4 filing |
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