Cummins (CMI) EVP Bonnie J. Fetch gifts 155 shares, holds 11,524
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. executive Bonnie J. Fetch, EVP & President - Operations, reported a bona fide gift of 155 shares of Cummins common stock. After the gift, she directly holds 11,524 common shares and a stock option to buy 752 common shares at $142.12 per share, expiring on April 6, 2030. The gift is a non-market transfer and does not represent an open-market sale or purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
155 shares gifted
Mixed
2 txns
Insider
Fetch Bonnie J
Role
EVP & President - Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common | 155 | $0.00 | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
Holdings After Transaction:
Common — 11,524 shares (Direct, null);
Stock Option (Right-to-Buy) — 752 shares (Direct, null)
Footnotes (1)
Key Figures
Gifted shares: 155 shares
Shares held after transaction: 11,524 shares
Option exercise price: $142.12/share
+2 more
5 metrics
Gifted shares
155 shares
Bona fide gift of Cummins common stock
Shares held after transaction
11,524 shares
Direct Cummins common stock holdings after gift
Option exercise price
$142.12/share
Stock option on Cummins common stock
Option underlying shares
752 shares
Underlying common shares for stock option
Option expiration date
April 6, 2030
Stock option (right-to-buy) expiry
Key Terms
bona fide gift, Stock Option (Right-to-Buy), underlying security title, exercise price
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Stock Option (Right-to-Buy) financial
"security_title": "Stock Option (Right-to-Buy)""
underlying security title financial
"underlying_security_title": "Common""
exercise price financial
"conversion_or_exercise_price": "142.1200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did Cummins (CMI) report for Bonnie J. Fetch?
Cummins reported that executive Bonnie J. Fetch made a bona fide gift of 155 shares of common stock. This is a non-market transfer with no sale proceeds, and she continues to hold a substantial remaining equity position in the company.
What type of transaction is a bona fide gift in the Cummins (CMI) Form 4?
A bona fide gift is a share transfer with no payment received, typically to another person or entity. In this Form 4, it is coded “G,” signaling a disposition that does not represent an open-market sale or purchase decision by the insider.
Does Bonnie J. Fetch have Cummins (CMI) stock options outstanding?
Yes. The filing shows a stock option for 752 underlying shares of Cummins common stock with an exercise price of $142.12 per share. This option is scheduled to expire on April 6, 2030, and represents an additional potential equity stake.
Was there any open-market buying or selling by Bonnie J. Fetch in this Cummins (CMI) filing?
No open-market buying or selling is reported. The Form 4 records a bona fide gift of 155 common shares and a derivative holding entry for an existing stock option position, with no purchases or sales of shares on the open market.