Form 4: Cummins Inc. Executive Srikanth Padmanabhan Reports Stock Transactions
SEC Form 4
Srikanth Padmanabhan, a Cummins Inc. officer, reports the acquisition and disposal of company stock, including transactions related to stock options and a 401(k) plan.
Summary
- On August 16, 2024, Srikanth Padmanabhan, President Engine Business at Cummins Inc., reported transactions involving Cummins common stock.
- These transactions included the acquisition of 12,510 shares at $149.72 and the disposal of 8,991 shares at $301.65.
- Following these transactions, Padmanabhan directly owns 30,121 shares and indirectly owns 536.0125 shares through a 401(k) plan.
- Padmanabhan also holds stock options for various amounts of shares at exercise prices ranging from $142.12 to $163.43.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice among publicly traded companies. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date exercisable for stock options with an expiration date of 04/03/2027 and an exercise price of $149.72 |
| 04/03/2021 | Date exercisable for stock options with an expiration date of 04/03/2028 and an exercise price of $160.1 |
| 04/04/2022 | Date exercisable for stock options with an expiration date of 04/04/2029 and an exercise price of $163.43 |
| 04/06/2023 | Date exercisable for stock options with an expiration date of 04/06/2030 and an exercise price of $142.12 |
| 08/16/2024 | Date of the reported stock transactions, including acquisition and disposal of shares, and exercise of stock options. |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
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