Form 4: Cummins VP Reports Share Vesting, Tax Withholdings
Insider Transaction Report
Amy Rochelle Davis, VP & President of Accelera and Components at Cummins Inc., reported the vesting of performance shares and subsequent tax-related dispositions.
Summary
- Amy Rochelle Davis, VP & Pres. Accelera and Com at Cummins Inc. (CMI), reported transactions on March 1, 2026.
- Acquired 5,181 shares of Common Stock at a price of $0.0000, likely due to the vesting of performance shares.
- Disposed of 883 shares of Common Stock at $583.87 per share to satisfy tax liabilities.
- Disposed of an additional 2,264 shares of Common Stock at $583.87 per share, also for tax liabilities.
- Following these transactions, Davis beneficially owns 19,861.013 shares of Common Stock directly.
- The filing also details existing holdings of stock options, with no transactions reported for these derivatives.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports routine executive compensation events (vesting and tax withholdings) and does not contain information that would significantly alter the company's financial or operational outlook.
Positives
- The acquisition of 5,181 shares at $0.0000 indicates the vesting of performance shares, reflecting achievement of company performance targets.
Negatives
- The disposition of 3,147 shares (883 + 2,264) at $583.87 per share represents a reduction in direct share ownership, although this was for tax liabilities related to the vested shares.
Industry Context
StockSavvy.ai notes that routine Form 4 filings, such as this one detailing executive share vesting and tax withholdings, are common across publicly traded companies. They reflect standard executive compensation practices and do not typically indicate significant shifts in company strategy or industry trends.
Related Party Transactions
- The reported transactions involve an executive (Amy Rochelle Davis) and the issuer (Cummins Inc.), which are inherently related party dealings as part of executive compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine compensation events. The slight reduction in direct ownership due to tax withholdings is a common occurrence.
- Employees: No direct impact mentioned.
- Customers/Suppliers/Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date a stock option (Right-to-Buy) became exercisable. |
| 04/06/2023 | Date a stock option (Right-to-Buy) became exercisable. |
| 07/01/2023 | Date a stock option (Right-to-Buy) became exercisable. |
| 03/01/2026 | Date of reported transactions for non-derivative securities (acquisition and disposition). |
| 03/03/2026 | Signature date of the reporting person's attorney-in-fact. |
| 04/04/2029 | Expiration date of a stock option (Right-to-Buy). |
| 04/06/2030 | Expiration date of a stock option (Right-to-Buy). |
| 07/01/2030 | Expiration date of a stock option (Right-to-Buy). |
Keywords
Cummins Inc., CMI, Amy Rochelle Davis, Form 4, Insider Trading, Stock Options, Performance Shares, Tax Withholding, Executive Compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.