Tracy A. Embree - 26 Oct 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
President - Distribution
Signature
/s/ Sharon Barner, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
26 Oct 2022
Net transactions value
-$1,767,731
Form type
4
Filing time
27 Oct 2022, 15:27:43 UTC
Previous filing
06 May 2022
Next filing
31 Oct 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 $1,004,173 +9,205 +46% $109.09 29,061 26 Oct 2022 Direct F1
transaction CMI Common Options Exercise $213,614 +1,910 +6.6% $111.84 30,971 26 Oct 2022 Direct F1
transaction CMI Common Sale $2,985,519 -12,535 -40% $238.17 18,436 26 Oct 2022 Direct F1, F2
holding CMI Common 47 26 Oct 2022 By 401(k) Plan F3

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 -1,910 -100% $0.000000* 0 26 Oct 2022 Common 1,910 $111.84 Direct F1
transaction CMI Stock Option (Right-to-Buy) Options Exercise $0 -9,205 -47% $0.000000 10,205 26 Oct 2022 Common 9,205 $109.09 Direct F1
holding CMI Stock Option (Right-to-Buy) 6,700 26 Oct 2022 Common 6,700 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 13,320 26 Oct 2022 Common 13,320 $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 1,420 26 Oct 2022 Common 1,420 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 13,760 26 Oct 2022 Common 13,760 $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 9,560 26 Oct 2022 Common 9,560 $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 13,570 26 Oct 2022 Common 13,570 $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 1,850 26 Oct 2022 Common 1,850 $166.18 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 19, 2021.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $238.00 - $238.68. 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 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.