Cummins (NYSE: CMI) VP reports option exercises, RSUs and 4,990-share sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cummins Inc. VP – Treasury & Tax Donald G. Jackson reported multiple equity transactions involving stock options, common shares, and restricted stock units. On August 13, 2025, he exercised options for 3,390 shares of common stock at $163.43 per share and sold 3,390 shares at a weighted average price of $402.1714.

On February 24, 2026, he exercised options for 1,600 shares at $142.12 per share and sold 1,600 shares at a weighted average price of $600.1255. After these transactions, he directly owned 7,213.639 common shares and held 270 stock options.

On June 1, 2025, he received an award of 1,480 time-vested restricted stock units that vest 20% on June 1, 2028, 30% on June 1, 2029, and 50% on June 1, 2030. He also had an indirect interest equivalent to 226.5215 shares through the company’s 401(k) Cummins Stock Fund.

Insider Trade Summary

Net Seller: 4,990 shares ($2,323,562)

Net Sell 9 txns

Insider JACKSON DONALD G

Role VP - Treasury & Tax

Sold 4,990 shs ($2.32M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right-to-Buy)	1,600	$0.00	--
Exercise	Common	1,600	$142.12	$227K
Sale	Common	1,600	$600.1255	$960K
Exercise	Stock Option (Right-to-Buy)	3,390	$0.00	--
Exercise	Common	3,390	$163.43	$554K
Sale	Common	3,390	$402.1714	$1.36M
Grant/Award	Common	1,480	$0.00	--
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Stock Option (Right-to-Buy) — 1,330 shares (Direct); Common — 8,813.639 shares (Direct); Common — 226.522 shares (Indirect, By 401(k) Plan)

Footnotes (1)

This repesents an award of time vested restricted stock units, wich vests and converts to common stock as follows, contingent on the reporting person's continued employment: 20% on June 1, 2028, 30% on June 1, 2029 and 50% on June 1, 2030. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $402.08 - $402.5061. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $600.00 - $600.3950. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated. 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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/25/2026 - 06:13 PM

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^*

JACKSON DONALD G

(Last)

(First)

(Middle)

500 JACKSON STREET

(Street)

COLUMBUS

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP - Treasury & Tax

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common⁽¹⁾	06/01/2025		A		1,480⁽¹⁾	A	$0.0000⁽¹⁾	7,213.639	D
Common	08/13/2025		M		3,390	A	$163.43	10,603.639	D
Common	08/13/2025		S		3,390	D	$402.1714⁽²⁾	7,213.639	D
Common	02/24/2026		M		1,600	A	$142.12	8,813.639	D
Common	02/24/2026		S		1,600	D	$600.1255⁽³⁾	7,213.639	D
Common								226.5215⁽⁴⁾	I	By 401(k) Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right-to-Buy)	$163.43	08/13/2025		M			3,390	04/04/2022	04/04/2029	Common	3,390	$0.0000	0.0000	D
Stock Option (Right-to-Buy)	$142.12	02/24/2026		M			1,600	04/06/2023	04/06/2030	Common	1,600	$0.0000	1,330	D
Stock Option (Right-to-Buy)	$169.83							06/01/2023	06/01/2030	Common	270		270	D

Explanation of Responses:

1. This repesents an award of time vested restricted stock units, wich vests and converts to common stock as follows, contingent on the reporting person's continued employment: 20% on June 1, 2028, 30% on June 1, 2029 and 50% on June 1, 2030.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $402.08 - $402.5061. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $600.00 - $600.3950. The reporting person undertakes to provide to Cummins Inc., any security holder of Cummins Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range indicated.

4. 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.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	02/25/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Cummins (CMI) executive Donald G. Jackson report on this Form 4?

Donald G. Jackson, Cummins VP – Treasury & Tax, reported option exercises, related common share sales, and a restricted stock unit award. The filing details transactions on June 1, 2025, August 13, 2025, and February 24, 2026, plus his resulting direct and indirect share holdings.

How many Cummins (CMI) shares did Donald G. Jackson sell and at what prices?

Donald G. Jackson sold 3,390 Cummins common shares at a weighted average price of $402.1714 and 1,600 shares at a weighted average price of $600.1255. Both sales followed same-day option exercises that converted stock options into common shares.

What stock options did Donald G. Jackson exercise in this Cummins (CMI) Form 4?

He exercised stock options covering 3,390 shares on August 13, 2025, at $163.43 per share and 1,600 shares on February 24, 2026, at $142.12 per share. These exercises converted derivative securities into Cummins common stock.

What restricted stock units did Donald G. Jackson receive from Cummins (CMI)?

On June 1, 2025, he received 1,480 time-vested restricted stock units. These vest and convert to Cummins common stock 20% on June 1, 2028, 30% on June 1, 2029, and 50% on June 1, 2030, contingent on continued employment.

What are Donald G. Jackson’s Cummins (CMI) holdings after these transactions?

After the reported transactions, he directly owned 7,213.639 Cummins common shares and 270 stock options. He also had an indirect interest equivalent to 226.5215 shares through the Cummins Stock Fund in the company’s 401(k) plan, which is a unitized account of stock and cash.

How does the Cummins (CMI) 401(k) Cummins Stock Fund holding work for Donald G. Jackson?

His 401(k) interest is expressed as 226.5215 equivalents based on the dollar value in the Cummins Stock Fund. The fund is unitized, holding about 98% Cummins common stock and 2% cash or cash equivalents, so the precise share count underlying that interest is not known.