Norman Thomas Linebarger - 14 Nov 2022 Form 4 Insider Report for CUMMINS INC (CMI)

Role
Chairman & Executive Chairman, Director
Signature
/s/ Sharon Barner, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
14 Nov 2022
Net transactions value
-$7,583,664
Form type
4
Filing time
16 Nov 2022, 08:22:58 UTC
Previous filing
15 Nov 2022
Next filing
28 Nov 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 $6,129,839 +54,809 +40% $111.84 192,147 14 Nov 2022 Direct F1
transaction CMI Common Sale $13,713,502 -54,809 -29% $250.21 137,338 14 Nov 2022 Direct F1, F2
holding CMI Common 8,923 14 Nov 2022 By 401(k) Plan F3
holding CMI Common 21,930 14 Nov 2022 By Child #1
holding CMI Common 21,929 14 Nov 2022 By Child #2
holding CMI Common 240 14 Nov 2022 By Spouse

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 -54,809 -100% $0.000000* 0 14 Nov 2022 Common 54,809 $111.84 Direct F1
holding CMI Stock Option (Right-to-Buy) 131,920 14 Nov 2022 Common 131,920 $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 60,780 14 Nov 2022 Common 60,780 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 95,920 14 Nov 2022 Common 95,920 $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 44,890 14 Nov 2022 Common 44,890 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 85,050 14 Nov 2022 Common 85,050 $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 61,700 14 Nov 2022 Common 61,700 $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 98,670 14 Nov 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 $250 - $250.91. 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.