NORMAN THOMAS LINEBARGER - 31 Mar 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
Chairman & CEO, Director
Signature
/s/ Sharon Barner, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
31 Mar 2022
Net transactions value
-$3,256,242
Form type
4
Filing time
04 Apr 2022, 09:54:11 UTC
Previous filing
03 Mar 2022
Next filing
16 May 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 $4,511,703 +37,510 +31% $120.28 160,108 31 Mar 2022 Direct F1
transaction CMI Common Sale $118,308 -565 -0.35% $209.40 159,543 31 Mar 2022 Direct F1, F2
transaction CMI Common Sale $1,625,723 -7,796 -4.9% $208.53 151,747 31 Mar 2022 Direct F1, F3
transaction CMI Common Sale $1,813,117 -8,779 -5.8% $206.53 142,968 31 Mar 2022 Direct F1, F4
transaction CMI Common Sale $1,818,439 -8,849 -6.2% $205.50 134,119 31 Mar 2022 Direct F1, F5
transaction CMI Common Sale $2,392,358 -11,521 -8.6% $207.65 122,598 31 Mar 2022 Direct F1, F6
holding CMI Common 8,787 31 Mar 2022 By 401(k) Plan F7
holding CMI Common 16,832 31 Mar 2022 By Child #1
holding CMI Common 16,832 31 Mar 2022 By Child #2
holding CMI Common 240 31 Mar 2022 By Spouse
holding CMI Common 24,935 31 Mar 2022 GRAT #4

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 -37,510 -100% $0.000000* 0 31 Mar 2022 Common 37,510 $120.28 Direct F1
holding CMI Stock Option (Right-to-Buy) 131,920 31 Mar 2022 Common 131,920 $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 60,100 31 Mar 2022 Common 60,100 $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 60,780 31 Mar 2022 Common 60,780 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 95,920 31 Mar 2022 Common 95,920 $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 44,890 31 Mar 2022 Common 44,890 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 85,050 31 Mar 2022 Common 85,050 $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 61,700 31 Mar 2022 Common 61,700 $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 98,670 31 Mar 2022 Common 98,670 $163.43 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transactions pursuant to Rule 10b5-1 Trading Plan entered into on November 23, 2021.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $209.20 - $209.48. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $208.15 - $209.01. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $206.03 - $207.00. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $205.01 - $205.89. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $207.15 - $208.14. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.
F7 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.