Mark Andrew Smith - 25 Feb 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
VP - Chief Financial Officer
Signature
/s/ Sharon Barner, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
25 Feb 2022
Net transactions value
-$17,226
Form type
4
Filing time
28 Feb 2022, 11:43:45 UTC
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $70,965 +590 +7.6% $120.28 8,380 25 Feb 2022 Direct F1
transaction CMI Common Sale $88,192 -430 -5.1% $205.10 7,950 25 Feb 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CMI Stock Option (Right-to-Buy) Options Exercise $0 -590 -100% $0.000000* 0 25 Feb 2022 Common 590 $120.28 Direct F1
holding CMI Stock Option (Right-to-Buy) 4,360 25 Feb 2022 Common 4,360 $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 770 25 Feb 2022 Common 770 $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 970 25 Feb 2022 Common 970 $114.13 Direct
holding CMI Stock Option (Right-to-Buy) 1,790 25 Feb 2022 Common 1,790 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 21,310 25 Feb 2022 Common 21,310 $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 1,070 25 Feb 2022 Common 1,070 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 4,380 25 Feb 2022 Common 4,380 $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 6,080 25 Feb 2022 Common 6,080 $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 21,580 25 Feb 2022 Common 21,580 $163.43 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options exercised and reported on this Form 4 were exercised in "sell-to-cover" transactions with respect to stock options that were set to expire in the near term. Any shares sold in such transactions were sold solely to cover the exercise price, fees and taxes associated with the stock option exercises.