Form 4: Cummins Inc. Executive Srikanth Padmanabhan Reports Stock Transactions
SEC Form 4 Filing
Srikanth Padmanabhan, President of Engine Business at Cummins Inc., reports the disposition of 900 shares of common stock as a gift and updates beneficial ownership.
Summary
- On May 30, 2024, Srikanth Padmanabhan, President Engine Business at Cummins Inc., reported a transaction involving the disposition of 900 shares of Cummins common stock as a gift.
- Following the transaction, Padmanabhan directly owns 26,602 shares of Cummins common stock.
- Padmanabhan also indirectly owns 538.6603 shares through the company's 401(k) plan.
- He also holds stock options for a total of 51,630 shares at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The Form 4 filing itself is a neutral event. The gift of shares is not necessarily indicative of a positive or negative sentiment.
Industry Context
Executive stock transactions are routinely monitored to gauge management's perspective on the company's performance and future prospects. Gifts are not usually indicative of sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date of stock option grant with an exercise price of $149.72 and expiration on 04/03/2027. |
| 04/03/2021 | Date of stock option grant with an exercise price of $160.1 and expiration on 04/03/2028. |
| 04/04/2022 | Date of stock option grant with an exercise price of $163.43 and expiration on 04/04/2029. |
| 04/06/2023 | Date of stock option grant with an exercise price of $142.12 and expiration on 04/06/2030. |
| 05/30/2024 | Date of transaction: Disposition of 900 shares of common stock as a gift. |
| 05/31/2024 | Date of report filing. |
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