Cummins EVP shifts 401(k), sells est. 643 shares

Cummins Inc. executive Bonnie J. Fetch reported a sale of an estimated 643 shares of common stock from her 401(k) plan holdings.

Rhea-AI Filing Summary

Cummins Inc. executive Bonnie J. Fetch reported a sale of an estimated 643 shares of common stock from her 401(k) plan holdings. On this Form 4, the shares were sold at about $702.66 each when she transferred her entire interest in the Cummins Stock Fund to another fund in the company’s 401(k) plan. The footnote explains that the Cummins Stock Fund is a unitized account invested approximately 98% in Cummins common stock and 2% in cash or cash equivalents, so the share figure is an estimate. Following these transactions, she directly holds 11,679 common shares and retains a stock option covering 752 shares at a $142.12 exercise price, expiring in 2030.

Insights

Insider transactions analyst

Small, plan-driven sale from a 401(k) fund with notable remaining holdings.

EVP & President - Operations Bonnie J. Fetch reported an estimated sale of about 643 Cummins common shares at $702.66 per share. The sale stems from transferring her entire interest in a unitized Cummins Stock Fund within the company’s 401(k) Plan into another plan fund.

The footnote clarifies the fund holds roughly 98% Cummins stock and 2% cash, so the share count is approximate rather than a targeted share sale. She still directly owns 11,679 common shares and a stock option for 752 shares at $142.12, expiring on April 6, 2030, indicating a continuing equity stake.

Given the retirement-plan context, the modest size of the estimated sale, and her ongoing direct and option holdings, this filing looks like routine portfolio reallocation rather than a thesis-changing move for investors.

Insider Trade Summary

Net Seller: 642.8227 shares

Net Sell 3 txns

Insider Fetch Bonnie J

Role EVP & President - Operations

Sold 642.8227 shs ($452K)

Type	Security	Shares	Price	Value
Sale	Common	642.8227	$702.66	$452K
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 0 shares (Indirect, By 401(k) Plan); Stock Option (Right-to-Buy) — 752 contracts (Direct); Common — 11,679 shares (Direct)

Footnotes (1)

1. F1. The reporting person transferred her entire interest in the Cummins Stock Fund under the Company's 401(k) Plan into another fund in the plan. The Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents. As a result, the number of shares sold is only an estimate.

Key Figures

Estimated shares sold: 643 shares Sale price per share: $702.66 per share Direct common shares after: 11,679 shares +5 more

8 metrics

Estimated shares sold 643 shares Cummins Stock Fund transfer in 401(k) plan

Sale price per share $702.66 per share Estimated 643-share sale from 401(k) fund

Direct common shares after 11,679 shares Direct holdings following reported transactions

Option underlying shares 752 shares Stock option (Right-to-Buy) underlying common

Option exercise price $142.12 per share Stock option strike price

Option expiration April 6, 2030 Stock option (Right-to-Buy) expiry date

Cummins Stock Fund mix 98% stock, 2% cash Composition of unitized 401(k) Cummins Stock Fund

Indirect 401(k) shares after 0 shares Cummins common via 401(k) plan after transfer

Key Terms

401(k) Plan, unitized account, Stock Option (Right-to-Buy, open-market sale, +1 more

5 terms

401(k) Plan financial

"transferred her entire interest in the Cummins Stock Fund under the Company's 401(k) Plan into another fund"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

unitized account financial

"The Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash"

Stock Option (Right-to-Buy financial

"security_title": "Stock Option (Right-to-Buy)","

open-market sale financial

"transaction_action": "open-market sale","

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By 401(k) Plan""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Cummins (CMI) report for Bonnie J. Fetch?

Cummins executive Bonnie J. Fetch reported an estimated sale of about 643 common shares. The sale occurred when she transferred her entire interest in the Cummins Stock Fund within the company 401(k) plan into another investment option in that same retirement plan.

At what price were the Cummins (CMI) shares associated with Bonnie Fetch’s sale valued?

The estimated 643 Cummins shares were valued at about $702.66 per share. This price applies to the open-market sale linked to transferring her 401(k) Cummins Stock Fund holdings into another fund within the company’s retirement plan structure.

How many Cummins (CMI) shares does Bonnie J. Fetch hold after this Form 4?

After the reported transactions, Bonnie J. Fetch directly holds 11,679 Cummins common shares. Her indirect 401(k) plan position in the Cummins Stock Fund is reduced to zero, reflecting the complete transfer out of that unitized stock fund investment option.

Does Bonnie J. Fetch still hold Cummins (CMI) stock options after this transaction?

Yes. She retains a stock option labeled “Stock Option (Right-to-Buy)” covering 752 Cummins common shares. The option carries a $142.12 exercise price and an April 6, 2030 expiration date, representing additional potential equity exposure beyond her direct share holdings.

What does the footnote say about the Cummins Stock Fund in the 401(k) plan?

The footnote explains that the Cummins Stock Fund is a unitized account invested approximately 98% in Cummins common stock and 2% in cash or cash equivalents. Because of this structure, the number of shares shown as sold in the Form 4 is described as only an estimate.

Is Bonnie Fetch’s Cummins (CMI) share sale a discretionary open-market trade?

The filing classifies the event under an open-market sale code but explains it results from transferring her entire interest in the Cummins Stock Fund within the 401(k) plan. That context suggests a retirement-plan reallocation rather than a traditional discretionary trading decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/13/2026 - 03:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fetch Bonnie J

(Last) (First) (Middle)

500 JACKSON STREET

(Street)

COLUMBUS INDIANA 47201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CUMMINS INC [ CMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & President - Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	05/11/2026		S		642.8227(1)	D	$702.66	0.0000	I	By 401(k) Plan
Common								11,679	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right-to-Buy)	$142.12							04/06/2023	04/06/2030	Common	752		752	D

Explanation of Responses:

1. The reporting person transferred her entire interest in the Cummins Stock Fund under the Company's 401(k) Plan into another fund in the plan. The Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents. As a result, the number of shares sold is only an estimate.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)