Cummins VP Bush exercises options, sells shares

Cummins Inc. executive Jennifer Mary Bush reported option exercises, share sales, and tax-related share withholding.

Rhea-AI Filing Summary

Cummins Inc. executive Jennifer Mary Bush reported option exercises, share sales, and tax-related share withholding. On February 10, 2026, she exercised stock options to acquire 4,270 shares of common stock at exercise prices of $142.12 and $163.43 per share and sold 4,270 shares in open-market transactions at weighted-average prices around $584–$586 per share across multiple trades. On February 19, 2026, 1,288 shares were withheld at $596.91 per share to satisfy tax liabilities on earned performance shares. After these transactions she directly owned 13,842.167 Cummins shares, with an additional 169 shares held indirectly by her spouse.

Insider Trade Summary

Exercise and Sale: 4,270 shares ($1.87M approx. pre-tax spread)

Exercise and Sale 9 txns

Insider Bush Jennifer Mary

Role VP & Pres. - Power Systems

Sold 4,270 shs ($2.50M)

Approx. gross sale proceeds $2.50M

Approx. exercise cost $630K

Approx. pre-tax spread $1.87M

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common	1,288	$596.91	$769K
Exercise	Stock Option (Right-to-Buy)	1,070	$0.00	$0.00
Exercise	Stock Option (Right-to-Buy)	3,200	$0.00	$0.00
Exercise	Common	3,200	$142.12	$455K
Exercise	Common	1,070	$163.43	$175K
Sale	Common	764	$586.1939	$448K
Sale	Common	1,340	$584.0079	$783K
Sale	Common	2,166	$585.0578	$1.27M
holding	Common	--	--	--

Holdings After Transaction: Stock Option (Right-to-Buy) — 0 contracts (Direct); Common — 13,842.167 shares (Direct); Common — 169 shares (Indirect, By Spouse)

Footnotes (4)

1. F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $585.99 - $586.35. 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.
2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $583.62 - $584.61. 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. F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $584.65 - $585.61. 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. F4. Shares withheld to satisfy tax liabilities relating to earned performance shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Cummins (CMI) executive Jennifer Mary Bush report?

Jennifer Mary Bush reported stock option exercises, open-market share sales, and tax-related share withholding. She exercised options for 4,270 common shares, sold 4,270 shares in the open market, and had 1,288 shares withheld to cover tax liabilities on earned performance shares.

How many Cummins (CMI) shares did Jennifer Mary Bush sell and at what prices?

She sold 4,270 Cummins common shares in open-market transactions. The weighted-average prices were about $586.19, $584.01, and $585.06 per share, with individual trades executed within narrow price ranges disclosed in the filing’s weighted-average price footnotes.

What stock options did Jennifer Mary Bush exercise at Cummins (CMI)?

She exercised stock options covering 4,270 Cummins shares. This included 3,200 shares at an exercise price of $142.12 per share and 1,070 shares at an exercise price of $163.43 per share, converting derivative securities into shares of Cummins common stock.

How many Cummins (CMI) shares does Jennifer Mary Bush own after these transactions?

After the reported transactions, she directly owned 13,842.167 Cummins common shares. In addition, 169 shares are reported as held indirectly by her spouse, reflecting a separate line of indirect ownership disclosed in the Form 4 filing.

Why were 1,288 Cummins (CMI) shares withheld from Jennifer Mary Bush?

The filing states that 1,288 shares were withheld to satisfy tax liabilities relating to earned performance shares. This tax-withholding disposition used shares valued at $596.91 per share to cover the associated tax obligations instead of paying those taxes in cash.

What is Jennifer Mary Bush’s role at Cummins (CMI) linked to these transactions?

She is identified as an officer of Cummins with the title VP & President – Power Systems. The reported stock option exercises, open-market sales, and tax-related share withholding all relate to her equity compensation and holdings in Cummins common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/23/2026 - 05:45 PM Learn about SEC filing dates

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^*

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)
02/10/2026

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	02/10/2026		M		3,200	A	$142.12	18,330.167	D
Common	02/10/2026		M		1,070	A	$163.43	19,400.167	D
Common	02/10/2026		S		764	D	$586.1939(1)	18,636.167	D
Common	02/10/2026		S		1,340	D	$584.0079(2)	17,296.167	D
Common	02/10/2026		S		2,166	D	$585.0578(3)	15,130.167	D
Common	02/19/2026		F(4)		1,288	D	$596.91	13,842.167	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
Stock Option (Right-to-Buy)	$163.43	02/10/2026		M			1,070	04/04/2022	04/04/2029	Common	1,070	$0.0000	0.0000	D
Stock Option (Right-to-Buy)	$142.12	02/10/2026		M			3,200	04/06/2023	04/06/2030	Common	3,200	$0.0000	0.0000	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $585.99 - $586.35. 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.

2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $583.62 - $584.61. 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 $584.65 - $585.61. 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. Shares withheld to satisfy tax liabilities relating to earned performance shares.

	/s/ Nicole Y. Lamb-Hale, Attorney-in-Fact	02/23/2026
	** 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.
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