Fetch Bonnie J 4

What Happened

• Bonnie J. Fetch, EVP & President – Operations of Cummins Inc. (CMI), was granted 2,082 performance-based restricted stock units (RSUs) on Feb 19, 2026 (awarded at $0.00). To satisfy tax withholding on the earned award, 903 shares were withheld/disposed at $596.91 per share, generating proceeds of $539,010. The RSUs are described as earned performance shares that will vest on Feb 19, 2027.

Key Details

• Transaction date: February 19, 2026.
• Award: 2,082 performance-based RSUs granted (code A) — acquisition recorded at $0.00.
• Tax withholding/disposition: 903 shares withheld (code F) at $596.91 each = $539,010.
• Shares owned after the transaction: not specified in the filing.
• Notable footnotes:
  • F1: These are earned performance-based RSUs that vest on Feb 19, 2027.
  • F2: Shares were withheld to satisfy tax liabilities on the earned shares (net settlement).
  • F3: Explains how share counts may be derived from the Cummins Stock Fund in the 401(k); actual underlying share count may be approximate.
• Filing timeliness: Form 4 filed Feb 23, 2026 — within the SEC’s typical 2-business-day reporting window for insiders.

Context

• This was an award of performance RSUs, not an open-market purchase. The withholding of 903 shares to pay taxes is a routine net settlement and not a market sale for investment purposes. The awarded RSUs will vest subject to performance and time (vesting date Feb 19, 2027).