Cummins (CMI) VP Luther Peters gets 1,888-share grant, 579 withheld for taxes
Rhea-AI Filing Summary
Cummins Inc. vice president and corporate controller Luther E. Peters reported equity compensation and related tax withholding transactions. On 2026-03-01, he acquired 1,888 shares of common stock in a grant or award at $0 per share, increasing his direct holdings to 9,604.171 shares before tax withholding.
The same day, 579 shares of common stock at $583.87 per share were withheld to cover tax liabilities on earned performance shares, leaving 9,025.171 shares held directly. A footnote states that 22.728 shares from an employee stock purchase plan and dividend reinvestment program are now being reported for the first time. He also holds several stock option positions covering 2,665, 3,125, 2,175 and 3,085 shares, and has an indirect interest in 578.4922 shares through the company 401(k) plan, where the actual share count is based on units in a stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 1,888 | $0.00 | -- |
| Tax Withholding | Common | 579 | $583.87 | $338K |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Common | -- | -- | -- |
Footnotes (1)
- Reflects 22.728 shares that had been acquired in exempt transactions under an employee stock purchase plan and dividend reinvestment program but not previously reflected on a Form 4. Shares withheld to satisfy tax liabilities relating to earned performance shares. The number of shares is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the Company's 401(k) plan as most recently provided by the plan. The actual number of shares underlying the interest is not known since the Cummins Stock Fund is a unitized account consisting of approximately 98% common stock and 2% cash or cash equivalents.
