Cummins (CMI) VP reports 553-share award and 172-share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. executive Benjamin G. Wright, VP and President Distribution Business, reported equity compensation transactions in company common stock. On February 19, 2026, he acquired 553 shares through earned performance-based share awards at a stated price of $0.0000 per share, reflecting a grant rather than a purchase.
On the same date, 172 shares were disposed of at $596.91 per share to satisfy tax liabilities related to the earned performance shares, leaving 2,888 directly held shares afterward. He also reported 833.5068 shares held indirectly through the company 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wright Benjamin G.
Role
VP and President Dist Business
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 553 | $0.00 | -- |
| Tax Withholding | Common | 172 | $596.91 | $103K |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 3,060 shares (Direct);
Common — 833.507 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Earned performance based shares. 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 insider transactions did Cummins (CMI) executive Benjamin G. Wright report?
Benjamin G. Wright reported receiving 553 Cummins common shares as earned performance-based awards and disposing of 172 shares to cover tax liabilities, both dated February 19, 2026. These transactions reflect equity compensation activity rather than open-market trading.
How are Benjamin G. Wright’s Cummins (CMI) 401(k) holdings reported on the Form 4?
The Form 4 reports an indirect holding of 833.5068 shares through the Cummins Stock Fund in the company’s 401(k) plan. The filing notes this figure is based on the dollar value of his fund interest, since the fund is a unitized account.