Cummins (NYSE: CMI) VP reports bona fide gift of common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. executive Nathan R. Stoner, VP - China ABO, reported a bona fide gift of 600 shares of Cummins common stock. The gift carried no sale price, reflecting a transfer without consideration. After the transaction, he directly owns 8,846.669 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
600 shares gifted
Mixed
1 txn
Insider
Stoner Nathan R
Role
VP - China ABO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common | 600 | $0.00 | -- |
Holdings After Transaction:
Common — 8,846.669 shares (Direct, null)
Footnotes (1)
Key Figures
Shares gifted: 600 shares
Shares owned after transaction: 8,846.669 shares
Gift price per share: $0.00 per share
+1 more
4 metrics
Shares gifted
600 shares
Bona fide gift of Cummins common stock
Shares owned after transaction
8,846.669 shares
Direct common stock holdings following the gift
Gift price per share
$0.00 per share
Reported transaction price for the gifted shares
Gift transactions count
1 transaction
Single bona fide gift reported in transactionSummary
Key Terms
bona fide gift, Form 4, non-derivative
3 terms
bona fide gift financial
"The transaction_code_description identifies the transfer as a 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.
Form 4 regulatory
"Insider activity is disclosed through this Form 4 filing for Cummins Inc."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"The 600-share transaction is classified as a non-derivative common stock disposition."
FAQ
What insider transaction did Cummins (CMI) executive Nathan R. Stoner report?
Nathan R. Stoner reported a bona fide gift of 600 Cummins common shares. The Form 4 shows this as a non-derivative gift transfer with no sale price, leaving him with 8,846.669 shares directly owned after the transaction.
Was Nathan R. Stoner’s Cummins (CMI) Form 4 transaction a sale or a gift?
The transaction was a bona fide gift, not an open-market sale. The Form 4 uses transaction code G, indicating a gift transfer of 600 common shares at a reported price per share of zero dollars.
What does transaction code G mean in the Cummins (CMI) Form 4 filing?
Transaction code G in the Form 4 indicates a bona fide gift. In this filing, it signifies that 600 Cummins common shares were transferred as a gift, with no purchase or sale price involved and no open-market trading activity reported.