Fetch Bonnie J 4
4 · CUMMINS INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Cummins (CMI) EVP Bonnie J Fetch Sells Shares
What Happened
Bonnie J. Fetch, EVP & President — Operations at Cummins Inc. (CMI), recorded a disposal on Feb 24, 2026 of an estimated 947.966 shares at a price of $600.48 per share, amounting to $569,234.47. The transaction was an intra-plan transfer out of the Cummins Stock Fund under the company's 401(k) plan, not an open-market sale.
Key Details
- Transaction date and price: 2026-02-24, reported price $600.48 per share.
- Reported amount: estimated 947.966 shares, total value $569,234.47 (disposal).
- Transaction type/code: "I" — intra-plan transfer (discretionary), reported as a disposal.
- Shares owned after transaction: not disclosed on the filing.
- Footnotes: The share count is estimated because the Cummins Stock Fund is a unitized account; the filer converted a dollar amount ($569,234.47) to shares using the closing price ($600.48). The fund is roughly 98% common stock and 2% cash, so the exact share count is unknown.
- Filing timeliness: Report filed on 2026-02-26 for a 2026-02-24 transaction — appears to have been filed within the typical two-business-day Form 4 window.
Context
This was an intra-plan transfer from a 401(k) stock fund (unitized account), which is different from an open-market sale and does not necessarily indicate a change in the insider’s view of the company. Because the reporting was based on dollar value rather than exact share units, the reported share count is an estimate.
Insider Transaction Report
- Discretionary Transaction
Common
[F1][F2]2026-02-24$600.48/sh−947.966$569,234→ 642.823 total(indirect: By 401(k))
- 10,332
Common
- 752
Stock Option (Right-to-Buy)
Exercise: $142.12From: 2023-04-06Exp: 2030-04-06→ Common (752 underlying)
Footnotes (2)
- [F1]The reporting person made an intra-plan transfer of $569,234.47 out of the Cummins Stock Fund under the Company's 401(k) Plan. The number of shares reported was estimated by dividing the dollar amount transferred by $600.48, which was the closing price on the date of the transaction. Because the Cummins Stock Fund is a unitized account, the actual number of shares and share price is not known.
- [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.