Form 4: Cummins VP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Cummins VP Amy Rochelle Davis sold a total of 1,864 shares of common stock on February 23, 2026, under a pre-arranged 10b5-1 trading plan.
Summary
- Amy Rochelle Davis, VP & Pres. Accelera and Com at Cummins Inc. (CMI), reported transactions involving the company's common stock.
- On February 23, 2026, Davis sold a total of 1,864 shares of Cummins common stock across four separate transactions.
- The sales were executed at weighted average prices ranging from $585.1111 to $588.37 per share.
- These transactions were conducted pursuant to a Rule 10b5-1(c) pre-arranged trading plan, indicating a scheduled liquidity event.
- Following these sales, Davis directly beneficially owns 17,827.013 shares of Cummins common stock.
- Davis also holds derivative securities in the form of stock options, including 2,130 options exercisable at $142.12, 2,160 options exercisable at $163.43, and 800 options exercisable at $170.95, which remain unchanged.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a routine disclosure of an executive's pre-scheduled stock sale under a 10b5-1 plan, which is not typically indicative of new company-specific information.
Negatives
- The direct beneficial ownership of common stock by a key executive has been reduced by 1,864 shares.
Stakeholder Impact
- Shareholders: A minor reduction in direct insider ownership, though mitigated by the 10b5-1 plan, which suggests a pre-planned liquidity event rather than a reaction to new information.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date exercisable for 2,160 stock options with an exercise price of $163.43. |
| 04/06/2023 | Date exercisable for 2,130 stock options with an exercise price of $142.12. |
| 07/01/2023 | Date exercisable for 800 stock options with an exercise price of $170.95. |
| 02/23/2026 | Date of common stock sales transactions by Amy Rochelle Davis. |
| 02/24/2026 | Signature date of the Form 4 filing by Nicole Y. Lamb-Hale, Attorney-in-Fact. |
| 04/04/2029 | Expiration date for 2,160 stock options. |
| 04/06/2030 | Expiration date for 2,130 stock options. |
| 07/01/2030 | Expiration date for 800 stock options. |
Recommendation
holdThe sale of shares by a VP under a pre-arranged 10b5-1 plan is a routine event and does not typically signal a change in the company's fundamental outlook or warrant a shift in investment strategy. It is a planned liquidity event for the executive.
Keywords
Cummins, CMI, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, Executive Compensation
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