Christopher C. Clulow - Feb 25, 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
VP - Controller
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Feb 25, 2022
Transactions value $
-$13,933
Form type
4
Date filed
2/28/2022, 11:43 AM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $44.5K +370 +11.06% $120.28 3.72K Feb 25, 2022 Direct F1
transaction CMI Common Sale -$58.4K -285 -7.67% $205.04 3.43K Feb 25, 2022 Direct F1
holding CMI Common 320 Feb 25, 2022 By 401(k) Plan F2

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 -370 -100% $0.00* 0 Feb 25, 2022 Common 370 $120.28 Direct F1
holding CMI Stock Option (Right-to-Buy) 300 Feb 25, 2022 Common 300 $98.67 Direct
holding CMI Stock Option (Right-to-Buy) 200 Feb 25, 2022 Common 200 $99.00 Direct
holding CMI Stock Option (Right-to-Buy) 1.27K Feb 25, 2022 Common 1.27K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 625 Feb 25, 2022 Common 625 $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 585 Feb 25, 2022 Common 585 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 3.2K Feb 25, 2022 Common 3.2K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 455 Feb 25, 2022 Common 455 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 2.19K Feb 25, 2022 Common 2.19K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 1.96K Feb 25, 2022 Common 1.96K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 3.39K Feb 25, 2022 Common 3.39K $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.
F2 The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.