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

Role
President & CEO, Director
Signature
/s/ Sharon Barner, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Feb 22, 2023
Transactions value $
-$57,854
Form type
4
Date filed
2/23/2023, 02:29 PM
Previous filing
Jan 4, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Options Exercise $160K +1.43K $111.84 1.43K Feb 22, 2023 Direct
transaction CMI Common Tax liability -$218K -871 -60.91% $250.04 559 Feb 22, 2023 Direct F1
holding CMI Common 1.41K Feb 22, 2023 By 401(k) Plan F2
holding CMI Common 11.4K Feb 22, 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 -1.43K -100% $0.00* 0 Feb 22, 2023 Common 1.43K $111.84 Direct
holding CMI Stock Option (Right-to-Buy) 11.6K Feb 22, 2023 Common 11.6K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 1.34K Feb 22, 2023 Common 1.34K $128.05 Direct
holding CMI Stock Option (Right-to-Buy) 2.68K Feb 22, 2023 Common 2.68K $136.82 Direct
holding CMI Stock Option (Right-to-Buy) 13.3K Feb 22, 2023 Common 13.3K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 1.07K Feb 22, 2023 Common 1.07K $149.34 Direct
holding CMI Stock Option (Right-to-Buy) 8.76K Feb 22, 2023 Common 8.76K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 350 Feb 22, 2023 Common 350 $154.35 Direct
holding CMI Stock Option (Right-to-Buy) 6.95K Feb 22, 2023 Common 6.95K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 12.3K Feb 22, 2023 Common 12.3K $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 1.24K Feb 22, 2023 Common 1.24K $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.