Newsome Earl 4
Research Summary
AI-generated summary
Cummins (CMI) VP/CIO Newsome Earl Sells 1,300 Shares
What Happened
Newsome Earl, Vice President and Chief Information Officer of Cummins Inc. (CMI), sold a total of 1,300 shares in two open-market transactions on February 23, 2026. The sales were: 217 shares at a weighted average price of $584.43 (proceeds ≈ $126,822) and 1,083 shares at a weighted average price of $583.52 (proceeds ≈ $631,954), for combined proceeds of about $758,776. These were outright sales (S), which are typically routine disposition transactions rather than purchases that signal increased insider confidence.
Key Details
- Transaction date: 2026-02-23 (filed same day).
- Prices reported as weighted averages: 217 shares at $584.43; 1,083 shares at $583.52.
- Footnote F1: 217-share sale executed in multiple trades at prices ranging $584.08–$584.60; detailed breakdown available on request.
- Footnote F2: 1,083-share sale executed in multiple trades at prices ranging $583.01–$583.8650; detailed breakdown available on request.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: reported on the same day as the transactions (no late filing indicated).
Context
Sales by officers can be for many personal or financial reasons and do not necessarily reflect the company’s outlook; purchases are generally considered more informative about insider sentiment. This filing documents open-market sales only — no option exercises, gifts, or grants were reported in the provided excerpt.