Form 4: Cummins Inc. Executive Tony Satterthwaite Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Tony Satterthwaite, a Senior Vice President at Cummins Inc., reported transactions involving company stock, including acquisitions and disposals to cover tax liabilities.
Summary
- On March 1, 2024, Tony Satterthwaite, a Senior Vice President of Cummins Inc., reported changes in his beneficial ownership of the company's stock.
- He acquired 10,785 shares of common stock at $0.00, and disposed of 1,959 shares at $270.26 and 4,791 shares at $270.26 to cover tax liabilities related to earned performance shares.
- Following these transactions, Satterthwaite directly owns 77,776 shares of Cummins common stock.
- He also indirectly owns 2,404.2123 shares through the company's 401(k) plan.
- Satterthwaite also holds options to purchase Cummins common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction reported |
| 03/05/2024 | Date of signature for the report |
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