Cummins CEO awarded 44,736 shares; 19,450 withheld
Cummins Inc reports that Chair and CEO Jennifer Rumsey received a grant of 44,736 common shares on March 1, 2026, while 19,450 shares were withheld to satisfy tax liabilities on earned performance shares at $583.87 per share.
Rhea-AI Filing Summary
Cummins Inc reports that Chair and CEO Jennifer Rumsey received a grant of 44,736 common shares on March 1, 2026, while 19,450 shares were withheld to satisfy tax liabilities on earned performance shares at $583.87 per share. After these events she holds 46,632 common shares directly, plus indirect interests via a 401(k) plan and GRATs, and 42,595 underlying shares in outstanding stock options with exercise prices between $142.12 and $166.18.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
RUMSEY JENNIFER
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 44,736 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 19,450 | $583.87 | $11.36M |
| 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 | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 46,632 shares (Direct);
Stock Option (Right-to-Buy) — 42,595 contracts (Direct);
Common — 1,523.7559 shares (Indirect, By 401(k) Plan);
Common — 7,967 shares (Indirect, GRAT);
Common — 20,775 shares (Indirect, GRAT 2025)
Footnotes (2)
- F1. Shares withheld to satisfy tax liabilities relating to earned performance shares.
- F2. 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.
Key Figures
Common shares granted: 44,736 shares
Shares withheld for taxes: 19,450 shares
Tax withholding price: $583.87 per share
+5 more
8 metrics
Common shares granted
44,736 shares
Grant to Jennifer Rumsey on 2026-03-01
Shares withheld for taxes
19,450 shares
Withheld to satisfy tax liabilities on earned performance shares at $583.87 per share
Tax withholding price
$583.87 per share
Per-share value for 19,450 withheld common shares on 2026-03-01
Direct common holdings
46,632 shares
Post-transaction direct holdings of Cummins common stock by Jennifer Rumsey
Stock options underlying shares
42,595 shares
Total underlying shares across reported stock option grants held directly
401(k) plan interest
1,523.7559 shares
Interest in Cummins Stock Fund under the 401(k) plan as most recently provided
GRAT holdings
7,967 shares
Indirect Cummins common shares held through a GRAT
GRAT 2025 holdings
20,775 shares
Indirect Cummins common shares held through GRAT 2025
Key Terms
Stock Option (Right-to-Buy), GRAT, performance shares, unitized account
4 terms
Stock Option (Right-to-Buy) financial
"Security title listed as Stock Option (Right-to-Buy) with underlying common shares"
GRAT financial
"Indirect common holdings identified as GRAT and GRAT 2025"
unitized account financial
"Cummins Stock Fund is a unitized account of common stock and cash."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Cummins (CMI) CEO Jennifer Rumsey report?
Jennifer Rumsey reported a grant of 44,736 common shares and a tax-withholding disposition of 19,450 shares on March 1, 2026. The withheld shares covered tax liabilities on earned performance shares rather than an open-market sale.
What stock options does the Cummins (CMI) CEO hold according to this filing?
The Form 4 lists direct stock options over 42,595 underlying common shares, across five grants with exercise prices from $142.12 to $166.18 and expirations between 2027 and 2030, indicating a sizeable retained option position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
