Cummins (CMI) HR chief reports bona fide gift of 150 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. vice president and chief human resources officer Marvin Boakye reported a charitable-style share transfer. On May 11, 2026, he made a bona fide gift of 150 shares of Cummins common stock at a stated price of $0.00 per share. After this non-market transaction, he directly holds 8,358 common shares. Gifts do not involve open-market buying or selling and mainly reflect personal estate or philanthropic decisions rather than a view on the stock’s value.
Positive
- None.
Negative
- None.
Insider Trade Summary
150 shares gifted
Mixed
1 txn
Insider
Boakye Marvin
Role
VP - CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common | 150 | $0.00 | -- |
Holdings After Transaction:
Common — 8,358 shares (Direct, null)
Footnotes (1)
Key Figures
Shares gifted: 150 shares
Transaction price: $0.00 per share
Shares held after transaction: 8,358 shares
+1 more
4 metrics
Shares gifted
150 shares
Bona fide gift on May 11, 2026
Transaction price
$0.00 per share
Reported value for gifted Cummins common stock
Shares held after transaction
8,358 shares
Direct ownership following May 11, 2026 gift
Gift transactions in filing
1 gift, 150 shares
Form 4 transaction summary for gifts
Key Terms
bona fide gift, Form 4, Common, VP - CHRO
4 terms
bona fide gift financial
"The transaction_code_description field 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 FILING DATA (Form 4): provides details of the reported transaction."
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.
Common financial
"The security_title for the reported transaction is listed as Common."
VP - CHRO financial
"The reporting person is an officer with the title VP - CHRO."
FAQ
What insider transaction did Cummins (CMI) report for Marvin Boakye?
Cummins reported that Marvin Boakye, its vice president and chief human resources officer, made a bona fide gift of 150 shares of common stock on May 11, 2026. This was a non-market transfer with no cash consideration reported.
Does the Cummins (CMI) Form 4 show an open-market sale by Marvin Boakye?
No, the Form 4 shows a bona fide gift of 150 common shares by Marvin Boakye, not an open-market sale. The transaction was recorded at a price of $0.00 per share, indicating a non-cash transfer.
Does Marvin Boakye’s Cummins (CMI) Form 4 include any derivative securities activity?
No, the Form 4 data show no derivative securities transactions for this filing. The only reported activity is a non-derivative transfer, specifically a bona fide gift of 150 shares of Cummins common stock.