Jennifer Rumsey - Nov 30, 2024 Form 4 Insider Report for CUMMINS INC (CMI)

Role
Chair and CEO, Director
Signature
/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact
Stock symbol
CMI
Transactions as of
Nov 30, 2024
Transactions value $
$0
Form type
4
Date filed
12/3/2024, 06:48 PM
Previous filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMI Common Award $0 +10.2K +79.13% $0.00 23.2K Nov 30, 2024 Direct F1
holding CMI Common 1.48K Nov 30, 2024 By 401(k) Plan F2
holding CMI Common 11.4K Nov 30, 2024 GRAT 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
holding CMI Stock Option (Right-to-Buy) 4.57K Nov 30, 2024 Common 4.57K $109.09 Direct
holding CMI Stock Option (Right-to-Buy) 13.3K Nov 30, 2024 Common 13.3K $142.12 Direct
holding CMI Stock Option (Right-to-Buy) 8.76K Nov 30, 2024 Common 8.76K $149.72 Direct
holding CMI Stock Option (Right-to-Buy) 6.95K Nov 30, 2024 Common 6.95K $160.10 Direct
holding CMI Stock Option (Right-to-Buy) 12.3K Nov 30, 2024 Common 12.3K $163.43 Direct
holding CMI Stock Option (Right-to-Buy) 1.24K Nov 30, 2024 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 Represents matching restricted stock units granted under the Cummins Inc. Deposit Share Program that will vest on May 31, 2028 and be settled in shares of Cummins Inc. common stock to the extent the vesting conditions of the Program are satisfied. Due to contingencies in the Program, the number of units became determinable on November 30, 2024.
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.
F3 Since the most recent Form 4, the reporting person transferred all shares of Cummins Inc. common stock held in her existing Trust to a new grantor retained annuity trust (GRAT).