Form 4: Cummins VP Wright Adjusts CMI Holdings

Cummins VP Benjamin G. Wright reported an acquisition of shares and a disposition for tax liabilities, adjusting his direct beneficial ownership.

Summary

• Benjamin G. Wright, VP and President of Distribution Business at Cummins Inc. (CMI), reported transactions on March 1, 2026.
• Acquired 1,648 shares of Common Stock at a price of $0.0000 per share.
• Disposed of 559 shares of Common Stock at $583.87 per share to satisfy tax liabilities relating to earned performance shares.
• Following these transactions, direct beneficial ownership stands at 3,977 shares.
• Indirect beneficial ownership through a 401(k) plan is approximately 833.5068 shares, consisting of approximately 98% common stock and 2% cash or cash equivalents.
• The reported transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The acquisition of shares, even if granted, adds to the executive's holdings, while the disposition for tax liabilities is a common and expected practice for executive compensation.

Positives

• Acquisition of 1,648 shares of Common Stock, indicating an increase in direct beneficial ownership before tax withholding.
• The transaction was conducted under a Rule 10b5-1(c) plan, suggesting a pre-planned and systematic approach to equity management.

Negatives

• Disposition of 559 shares of Common Stock to cover tax liabilities, resulting in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive stock movements but do not typically reflect broader industry trends or company-specific strategic shifts. This filing is a routine disclosure of an executive's equity activity.

Key Dates

Recommendation

This Form 4 details routine insider transactions, including the acquisition of performance shares and subsequent disposition for tax liabilities, which is a common practice for executive compensation. Such a filing typically does not provide sufficient new information to warrant a change in investment recommendation.

Keywords

CUMMINS, CMI, Form 4, insider transaction, beneficial ownership, stock transaction, executive compensation