CMI Form 4: Director Miller Reports Disposal and Deferred Compensation Credits

Rhea-AI Filing Summary

William I. Miller, a director of Cummins Inc. (CMI), reported a sale of common stock on 08/13/2025. The Form 4 shows 1,765 shares disposed in a transaction coded "G" and lists 52,042.3297 shares beneficially owned following the transaction in a direct capacity. The filing also reports 5,136.6232 stock units reported under derivative/stock unit holdings. The filing notes 186.1849 dividend equivalent shares credited to the director under the company's deferred compensation plan for non-employee directors. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person.

Insights

Financial Analyst

TL;DR: A director sold a small number of shares and retains a significant residual stake plus stock units.

The Form 4 documents a disposition of 1,765 common shares by director William I. Miller on 08/13/2025 with 52,042.3297 shares remaining beneficially owned. The filing also shows 5,136.6232 stock units reported under derivative holdings and specifies 186.1849 dividend equivalent shares credited to a deferred compensation account. Transactions are properly disclosed on Form 4 and executed via an attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Routine insider disclosure of a director's share disposition and deferred compensation credits; no governance red flags in the filing.

The Form 4 indicates timely reporting of an insider transaction by a non-employee director. It discloses both direct share holdings and stock units and includes an explanation for dividend equivalent crediting to the deferred compensation plan. The form is signed by an attorney-in-fact, which is permissible and documented. The filing contains no statements of amendment or other governance concerns.

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^*

MILLER WILLIAM I

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		G		1,765	D	$0.0000	52,042.3297(1)	D
Common								167	I	By Child #3

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 Units	(2)							(2)	(2)	Common	5,136.6232		5,136.6232	D

Explanation of Responses:

1. Includes 186.1849 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors since the most recently filed Form 4.

2. These securities generally do not carry a conversion price, exercise date or expiration date.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	08/15/2025
	** 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 transaction did William I. Miller report on the Form 4 for CMI?

The Form 4 reports a disposition of 1,765 common shares on 08/13/2025.

How many Cummins (CMI) shares does William I. Miller beneficially own after the reported transaction?

The filing shows 52,042.3297 shares beneficially owned following the reported transaction.

Does the Form 4 report any derivative or stock unit holdings for the director?

Yes. The Form 4 reports 5,136.6232 stock units under derivative/stock unit holdings.

Were any dividend equivalent shares credited to the director's deferred compensation plan?

Yes. The filing notes 186.1849 dividend equivalent shares credited under the Cummins Deferred Compensation Plan for Non-Employee Directors.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Nicole Y. Lamb-Hale, Attorney-in-Fact on 08/15/2025.