Form 4: Cummins Inc. Executive Jennifer Mary Bush Reports Stock Transactions
SEC Form 4 Filing
Jennifer Mary Bush, VP & President of Power Systems at Cummins Inc., reports the acquisition and disposal of common stock and stock options on May 20, 2024.
Summary
- On May 20, 2024, Jennifer Mary Bush, a VP & President at Cummins Inc., engaged in multiple transactions involving Cummins' common stock and stock options.
- Bush acquired shares through the exercise of stock options at prices of $149.72, $160.1, $163.43, and $177.23.
- She also disposed of shares to cover tax obligations at a price of $284.84.
- Following these transactions, Bush directly owns 6,502.167 shares of common stock and indirectly owns 150 shares through her spouse.
- She also holds 3,200 stock options.
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.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Cummins Inc. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- The reported transactions are typical for executives who receive stock options as part of their compensation packages.
- Similar filings can be observed for executives at comparable companies in the industrial sector, such as Caterpillar (CAT) and Deere & Company (DE).
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date exercisable for 815 stock options with an expiration date of 04/03/2027. |
| 10/23/2020 | Date exercisable for 1,065 stock options with an expiration date of 10/23/2027. |
| 04/03/2021 | Date exercisable for 1,610 stock options with an expiration date of 04/03/2028. |
| 04/04/2022 | Date exercisable for 1,710 stock options with an expiration date of 04/04/2029. |
| 04/06/2023 | Date exercisable for 3,200 stock options with an expiration date of 04/06/2030. |
| 05/20/2024 | Date of stock option exercises and stock disposals. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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