Cummins (NYSE: CMI) EVP gets stock grant and withholds shares for taxes

Rhea-AI Filing Summary

Cummins Inc. executive Bonnie J. Fetch reported equity compensation activity. She acquired 3,296 shares of common stock as a grant or award on 2026-03-01, at a stated price of $0.0000 per share, increasing her direct holdings.

On the same date, 1,297 shares were disposed of at $583.87 per share to satisfy tax liabilities relating to earned performance shares, leaving 12,331 directly held common shares. She also has an interest in a 401(k) Cummins Stock Fund reflecting 642.8227 units, where the underlying share count is not precisely known because the fund is a unitized account holding mostly common stock and some cash.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Fetch Bonnie J

Role EVP & President - Operations

Type	Security	Shares	Price	Value
Grant/Award	Common	3,296	$0.00	--
Tax Withholding	Common	1,297	$583.87	$757K
holding	Stock Option (Right-to-Buy)	--	--	--
holding	Common	--	--	--

Holdings After Transaction: Common — 13,628 shares (Direct); Stock Option (Right-to-Buy) — 752 shares (Direct); Common — 642.823 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Fetch Bonnie J

(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)
	EVP & President - Operations

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		3,296	A	$0.0000	13,628	D
Common	03/01/2026		F(1)		1,297	D	$583.87	12,331	D
Common								642.8227(2)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right-to-Buy)	$142.12							04/06/2023	04/06/2030	Common	752		752	D

Explanation of Responses:

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

2. 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	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).
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 transactions did Cummins (CMI) executive Bonnie Fetch report?

Bonnie Fetch reported a stock grant of 3,296 Cummins common shares and a tax-related share disposition of 1,297 shares. Both transactions occurred on March 1, 2026, and involved her directly held equity compensation in the company.

Did Bonnie Fetch buy or sell Cummins (CMI) shares on the open market?

The filing shows an equity award and a tax-withholding disposition, not open-market buying or selling. Shares were granted as compensation, and a portion was withheld and disposed of to cover tax liabilities tied to earned performance shares.

How many Cummins (CMI) shares does Bonnie Fetch hold after these transactions?

After the reported transactions, Bonnie Fetch directly holds 12,331 Cummins common shares. She also has an interest equivalent to 642.8227 units in a 401(k) Cummins Stock Fund, though the exact underlying share count in that fund is not precisely determined.

What price per share was used for Bonnie Fetch’s Cummins (CMI) tax withholding?

The tax-withholding disposition used a price of $583.87 per Cummins common share for 1,297 shares. Those shares were withheld and disposed of to satisfy tax liabilities arising from previously earned performance shares awarded to the executive.

How is Bonnie Fetch’s Cummins (CMI) 401(k) holding measured in the filing?

Her 401(k) holding is reported as 642.8227 units of the Cummins Stock Fund. This fund is unitized, consisting of about 98% Cummins common stock and 2% cash or cash equivalents, so the precise number of underlying shares is not directly known.

What does transaction code A and F mean in the Cummins (CMI) Form 4?

Code A reflects a grant, award, or similar acquisition of Cummins shares as equity compensation. Code F indicates shares disposed of to pay an exercise price or tax liability, here used to satisfy tax obligations on earned performance shares.