Cummins (CMI) HR chief granted 7,056 shares, withholds stock for taxes

Rhea-AI Filing Summary

Cummins Inc. vice president and Chief Human Resources Officer Marvin Boakye reported a mix of stock transactions involving company common shares. He acquired 7,056 shares as a grant or award, increasing his holdings, and then had 2,735 shares withheld at a price of $583.87 per share to cover tax liabilities related to earned performance shares. After these transactions, he directly owned 11,989 Cummins common shares. The disposition was a tax-withholding event rather than an open-market sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Boakye Marvin

Role VP - Chief Human Resources Off

Type	Security	Shares	Price	Value
Grant/Award	Common	7,056	$0.00	--
Tax Withholding	Common	2,735	$583.87	$1.60M

Holdings After Transaction: Common — 14,724 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Boakye Marvin

(Last) (First) (Middle)

500 JACKSON STREET

(Street)

COLUMBUS IN 47201

(City) (State) (Zip)

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)
	VP - Chief Human Resources Off

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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

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

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

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	03/01/2026		A		7,056	A	$0.0000	14,724	D
Common	03/01/2026		F(1)		2,735	D	$583.87	11,989	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

Explanation of Responses:

1. Shares withheld to satisfy tax liabilities relating to earned performance shares.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	03/03/2026
	** 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.

FAQ

What insider stock transactions did Cummins (CMI) executive Marvin Boakye report?

Marvin Boakye reported receiving 7,056 Cummins common shares as a grant and a related tax-withholding disposition of 2,735 shares. The withheld shares satisfied tax liabilities tied to earned performance shares, leaving him with 11,989 directly owned shares afterward.

Did Marvin Boakye buy or sell Cummins (CMI) shares on the open market?

The filing does not show open-market buying or selling. It reports a grant of 7,056 shares and a disposition of 2,735 shares specifically to satisfy tax liabilities on earned performance shares, which is a non-market, administrative transaction.

How many Cummins (CMI) shares does Marvin Boakye own after this Form 4?

After the reported transactions, Marvin Boakye directly owns 11,989 shares of Cummins common stock. This figure reflects the 7,056-share grant and the 2,735 shares withheld to cover tax liabilities associated with earned performance shares.

What does the tax-withholding transaction in the Cummins (CMI) Form 4 represent?

The tax-withholding transaction reflects 2,735 Cummins shares withheld at $583.87 per share to satisfy tax liabilities. These liabilities arose from earned performance shares, meaning the shares were not sold in the market but used to cover required taxes.

What type of award did Marvin Boakye receive from Cummins (CMI)?

Marvin Boakye received 7,056 Cummins common shares as a grant categorized as a grant, award, or other acquisition. A footnote explains the related withholding shares were tied to tax liabilities from earned performance shares, indicating a performance-based equity award.

Is the Cummins (CMI) insider transaction by Marvin Boakye a routine equity event?

The filing describes a grant of shares and related tax withholding for earned performance shares, which are common features of executive equity compensation programs. Such grant-and-withholding combinations are typically administrative rather than discretionary trading activity.