Form 4: Cummins Inc. Executive Sharon R. Barner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sharon R. Barner, VP Chief Administrative Officer of Cummins Inc., reports acquisition of shares and disposition of shares to cover tax liabilities.
Summary
- On March 1, 2024, Sharon R. Barner, VP Chief Administrative Officer of Cummins Inc., reported changes in beneficial ownership of Cummins Inc. stock.
- Barner acquired 7,035 shares of common stock at a price of $0.00.
- Barner disposed of 3,061 shares of common stock at a price of $270.26 to satisfy tax liabilities related to earned performance shares.
- Following these transactions, Barner directly owns 20,873 shares of Cummins Inc. common stock.
- Barner also holds stock options to purchase 1,490 shares at $142.12 (exercisable 04/06/2023, expiring 04/06/2030), 9,560 shares at $160.1 (exercisable 04/03/2021, expiring 04/03/2028), and 12,978 shares at $163.43 (exercisable 04/04/2022, expiring 04/04/2029).
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/03/2021 | Date stock options for 9,560 shares at $160.1 became exercisable. |
| 04/04/2022 | Date stock options for 12,978 shares at $163.43 became exercisable. |
| 04/06/2023 | Date stock options for 1,490 shares at $142.12 became exercisable. |
| 03/01/2024 | Date of the reported transactions: acquisition and disposition of shares. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
| 04/03/2028 | Expiration date for stock options for 9,560 shares at $160.1. |
| 04/04/2029 | Expiration date for stock options for 12,978 shares at $163.43. |
| 04/06/2030 | Expiration date for stock options for 1,490 shares at $142.12. |
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