Form 4: Cummins Inc. Executive Wiltrout Reports Stock Transactions
SEC Form 4 Filing
VP of Corporate Strategy at Cummins Inc., Jeffrey Wiltrout, reports acquisition and disposal of company stock, including shares withheld for tax liabilities.
Summary
- On March 1, 2024, Jeffrey Wiltrout, VP of Corporate Strategy at Cummins Inc., reported transactions involving Cummins common stock.
- Wiltrout acquired 713 shares of common stock at $0.00, and disposed of 226 shares at $270.26 to cover tax liabilities related to earned performance shares.
- Following these transactions, Wiltrout directly owns 598 shares of common stock.
- Wiltrout also indirectly owns 327.6982 shares through the company's 401(k) plan.
- Wiltrout also holds stock options to purchase 530 shares at $142.12 (exercisable 04/06/2023, expiring 04/06/2030), 260 shares at $160.1 (exercisable 04/03/2021, expiring 04/03/2028), and 370 shares at $163.43 (exercisable 04/04/2022, expiring 04/04/2029).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- Shareholders are informed about insider trading activities, which can influence investor confidence.
Key Dates
| Date | Description |
|---|---|
| June 13, 2023 | Date of Power of Attorney grant. |
| 03/01/2024 | Date of stock transactions. |
| 03/05/2024 | Date of Form 4 signature. |
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