Form 4: Cummins Inc. Executive Jennifer Mary Bush Reports Stock Transactions

Jennifer Mary Bush, VP & President of Power Systems at Cummins Inc., reports acquisition of shares and shares withheld for tax liabilities.

Summary

• Jennifer Mary Bush, a VP & President at Cummins Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, she acquired 2,911 shares of common stock at $0.00, representing earned performance-based restricted stock units that will vest on February 19, 2026.
• Also on February 19, 2025, 1,531 shares were withheld to satisfy tax liabilities related to earned performance shares at a price of $386.07.
• Following these transactions, Ms. Bush directly owns 13,089.167 shares of Cummins Inc. common stock and indirectly owns 169 shares through her spouse.
• She also holds options to purchase 3,200 shares at $142.12 (exercisable from April 6, 2023, expiring April 6, 2030) and 1,070 shares at $163.43 (exercisable from April 4, 2022, expiring April 4, 2029).

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions. The acquisition of performance-based shares is mildly positive, suggesting confidence.

Positives

• The acquisition of 2,911 shares indicates confidence in the company's future performance, as these are performance-based restricted stock units.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment regarding the company's prospects.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, restricted stock units, Cummins Inc., CMI, Jennifer Mary Bush, insider trading