Jennifer Rumsey - 22 Feb 2023 Form 4 Insider Report for CUMMINS INC (CMI)

Role
President & CEO, Director
Signature
/s/ Sharon Barner, Attorney-in-Fact
Issuer symbol
CMI
Transactions as of
22 Feb 2023
Net transactions value
-$57,854
Form type
4
Filing time
23 Feb 2023, 14:29:28 UTC
Previous filing
04 Jan 2023
Next filing
28 Feb 2023
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 $159,931 +1,430 $111.84 1,430 22 Feb 2023 Direct
transaction CMI Common Tax liability $217,785 -871 -61% $250.04 559 22 Feb 2023 Direct F1
holding CMI Common 1,411 22 Feb 2023 By 401(k) Plan F2
holding CMI Common 11,373 22 Feb 2023 By Trust

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 -1,430 -100% $0.000000* 0 22 Feb 2023 Common 1,430 $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 11,640 22 Feb 2023 Common 11,640 $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 1,340 22 Feb 2023 Common 1,340 $128.05 Direct
holding CMI Stock Option (Right-to-Buy) 2,680 22 Feb 2023 Common 2,680 $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 13,320 22 Feb 2023 Common 13,320 $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 1,070 22 Feb 2023 Common 1,070 $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 8,760 22 Feb 2023 Common 8,760 $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 350 22 Feb 2023 Common 350 $154.35 Direct
holding CMI Stock Option (Right-to-Buy) 6,950 22 Feb 2023 Common 6,950 $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 12,330 22 Feb 2023 Common 12,330 $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 1,235 22 Feb 2023 Common 1,235 $166.18 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.