Cummins (NYSE: CMI) executive reports stock grant and tax withholding

Rhea-AI Filing Summary

Cummins Inc. VP & President – Power Systems Jennifer Mary Bush reported equity compensation activity in company common stock. She received a grant of 5,648 shares on March 1, 2026 at no cost, then 2,504 shares were withheld at $583.87 per share to cover tax liabilities on earned performance shares. After these transactions, she directly owns 16,986.167 common shares, with an additional 169 shares held indirectly by her spouse.

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

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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^*

Bush Jennifer Mary

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Pres. - Power Systems

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		A		5,648	A	$0.0000	19,490.167	D
Common	03/01/2026		F(1)		2,504	D	$583.87	16,986.167	D
Common								169	I	By Spouse

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

Explanation of Responses:

1. Shares withheld to satisfy tax liabilities relating to earned performance shares.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	03/03/2026
	** 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).
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FAQ

What insider transactions did CMI executive Jennifer Mary Bush report?

Jennifer Mary Bush reported a stock award and related tax withholding. She received 5,648 Cummins common shares, while 2,504 shares were withheld to satisfy tax liabilities on earned performance shares, leaving her with 16,986.167 shares held directly.

How many Cummins (CMI) shares does Jennifer Mary Bush now hold?

After the reported transactions, Jennifer Mary Bush directly owns 16,986.167 Cummins common shares. In addition, 169 shares are reported as held indirectly by her spouse, reflecting both her direct and certain related beneficial interests in the company.

Was the Cummins (CMI) insider transaction a stock sale?

The filing does not report an open-market stock sale. Instead, 2,504 shares were disposed of through tax withholding at $583.87 per share to cover liabilities arising from earned performance-share awards granted to executive Jennifer Mary Bush.

What price was used for Cummins (CMI) tax-withholding shares?

Shares withheld for taxes were valued at $583.87 per share. In total, 2,504 shares of Cummins common stock were used to satisfy tax liabilities related to earned performance-share awards for executive Jennifer Mary Bush.

What type of Form 4 transaction code appears for the CMI insider grant?

The stock award uses transaction code A, indicating a grant, award, or other acquisition. The related tax withholding uses code F, which represents payment of an exercise price or tax liability by delivering securities rather than an open-market trade.

Does the Cummins (CMI) Form 4 show any indirect holdings for the insider?

Yes. In addition to directly owned shares, the Form 4 reports 169 Cummins common shares held indirectly by the spouse of executive Jennifer Mary Bush, reflecting a separate category of beneficial ownership distinct from her direct holdings.