Form 4: Cummins Inc. Executive Jennifer Mary Bush Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jennifer Mary Bush, VP & President of Power Systems at Cummins Inc., reports acquisition and disposal of common stock and withholding of shares for tax liabilities.
Summary
- On March 1, 2025, Jennifer Mary Bush, VP & President of Power Systems at Cummins Inc., reported changes in beneficial ownership of Cummins Inc. common stock.
- Bush acquired 3,915 shares of common stock at $0.00, and another 690 shares at $0.00.
- She also disposed of 307 shares and 1,737 shares at $368.18 to cover tax liabilities related to earned performance shares.
- Following these transactions, Bush directly owns 15,650.167 shares of common stock and indirectly owns 169 shares through a spouse.
- Bush also holds options to buy 3,200 shares at $142.12 (exercisable from 04/06/2023 to 04/06/2030) and 1,070 shares at $163.43 (exercisable from 04/04/2022 to 04/04/2029).
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, reflecting standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Cummins Inc.
Comparison to Industry Standards
- Executive compensation practices, including stock options and share grants, are common across publicly traded companies.
- Companies like Caterpillar (CAT) and Deere & Company (DE) also utilize stock-based compensation as part of their executive pay packages.
- The specific amounts and terms of these packages vary based on company size, performance, and industry benchmarks.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in insider ownership.
- The use of stock-based compensation can align executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date stock options exercisable for 1,070 shares at $163.43 |
| 04/06/2023 | Date stock options exercisable for 3,200 shares at $142.12 |
| 04/04/2029 | Expiration date for stock options for 1,070 shares at $163.43 |
| 04/06/2030 | Expiration date for stock options for 3,200 shares at $142.12 |
| 03/01/2025 | Date of transactions involving common stock acquisition and disposal |
| 03/04/2025 | Date of signature for the report |
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