Cummins (CMI) CEO Jennifer Rumsey granted shares, stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. director and Chair and CEO Jennifer Rumsey received a stock grant and had shares withheld for taxes. On March 1, 2026, she was granted 44,736 shares of common stock at no cost, increasing her directly held shares to 66,082 before tax withholding.
On the same date, 19,450 shares of common stock were disposed of at $583.87 per share to satisfy tax liabilities related to earned performance shares, leaving 46,632 directly held shares afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
RUMSEY JENNIFER
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 44,736 | $0.00 | -- |
| Tax Withholding | Common | 19,450 | $583.87 | $11.36M |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 66,082 shares (Direct);
Stock Option (Right-to-Buy) — 13,320 shares (Direct);
Common — 1,523.756 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares withheld to satisfy tax liabilities relating to earned performance shares. 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.
FAQ
What did Cummins (CMI) CEO Jennifer Rumsey report in this Form 4?
Jennifer Rumsey reported a large stock grant and related tax withholding. She received 44,736 Cummins common shares at no cost, and 19,450 shares were disposed of to cover tax liabilities tied to earned performance shares.
Does the Cummins (CMI) Form 4 show any indirect holdings for Jennifer Rumsey?
Yes. The Form 4 lists indirect holdings through a 401(k) plan and GRATs. One entry reflects an interest in the Cummins Stock Fund under the company’s 401(k) plan, while other entries show common shares held through GRAT and GRAT 2025 entities.