Form 4: Cummins Inc. VP of Treasury & Tax, Donald G. Jackson, Executes Stock Transactions
SEC Form 4 Filing
Donald G. Jackson, VP of Treasury & Tax at Cummins Inc., exercised stock options and sold shares on November 12, 2024, according to a recent SEC filing.
Summary
- Donald G. Jackson, a VP at Cummins Inc., engaged in multiple transactions involving the company's stock on November 12, 2024.
- He exercised stock options to acquire 2,810 shares at $149.72 and 2,175 shares at $160.10.
- He also sold 500 shares at a weighted average price of $357.6729, 1,649 shares at $355.3388, and 2,836 shares at $356.455.
- Following these transactions, Mr. Jackson directly owns 4,115.639 shares and indirectly owns 219.2409 shares through a 401(k) plan.
- The sales were executed at varying prices within specified ranges, and full details are available upon request to Cummins Inc., its security holders, or the SEC.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies, such as Cummins Inc.
- Companies like Caterpillar (CAT) and Deere & Company (DE) also have executives who regularly trade company stock, with similar filings required by the SEC.
- The reported transactions are within the normal range of executive compensation and trading activities.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The filing provides transparency to stakeholders regarding executive trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Date of exercisable stock options for 2,810 shares. |
| 04/03/2021 | Date of exercisable stock options for 2,175 shares. |
| 04/04/2022 | Date of exercisable stock options for 3,390 shares. |
| 04/06/2023 | Date of exercisable stock options for 2,930 shares. |
| 06/01/2023 | Date of exercisable stock options for 270 shares. |
| 11/12/2024 | Date of stock option exercises and stock sales. |
| 11/13/2024 | Date of SEC filing. |
Keywords
Cummins Inc, stock options, insider trading, SEC Form 4, stock sales, executive compensation, Donald G. Jackson
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