Cummins (NYSE: CMI) legal chief awarded shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cummins Inc. VP and Chief Legal Officer John O. Gaidoo reported equity transactions in company common stock.
On March 1, 2026, he acquired 1,296 and 352 shares as stock awards at no cost, then disposed of 130 and 380 shares through share withholding at $583.87 per share to satisfy tax liabilities on earned performance shares. After these transactions he directly held 3,083.962 shares, plus an additional indirect interest of 36.264 shares through the company 401(k) plan, where the exact share count is based on a unitized Cummins Stock Fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Gaidoo John O
Role
VP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 1,296 | $0.00 | -- |
| Grant/Award | Common | 352 | $0.00 | -- |
| Tax Withholding | Common | 130 | $583.87 | $76K |
| Tax Withholding | Common | 380 | $583.87 | $222K |
| 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 | Stock Option (Right-to-Buy) | -- | -- | -- |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 3,241.962 shares (Direct);
Stock Option (Right-to-Buy) — 750 shares (Direct);
Common — 36.264 shares (Indirect, By 401(k) Plan)
Footnotes (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.
FAQ
What insider transactions did Cummins (CMI) report for John O. Gaidoo?
Cummins reported stock awards and tax-related share withholding for John O. Gaidoo. He received awards of 1,296 and 352 common shares at no cost, and 130 and 380 shares were withheld at $583.87 per share to cover tax liabilities on earned performance shares.
What type of equity awards did Cummins (CMI) grant to John O. Gaidoo?
John O. Gaidoo received common stock awards from Cummins. On March 1, 2026, he acquired 1,296 and 352 shares of Cummins common stock at a price of $0.00 per share, classified as grants or awards rather than open-market purchases.
How is John O. Gaidoo’s Cummins (CMI) 401(k) holding reported on the Form 4?
His 401(k) position is reported as an indirect ownership interest. The filing lists 36.264 shares based on the dollar value in the Cummins Stock Fund, a unitized account of about 98% common stock and 2% cash, so the exact underlying share count is not known.
Does John O. Gaidoo hold Cummins (CMI) stock options according to this Form 4?
The filing shows multiple Cummins stock option holdings for John O. Gaidoo. Non-transactional entries list direct holdings of stock options with share-equivalent amounts such as 750, 430, 190, and 860, reflecting existing option positions rather than new option exercises or grants.