Peters Luther E 4

What Happened
Luther E. Peters, Vice President and Corporate Controller of Cummins Inc. (CMI), was awarded 1,888 shares on March 1, 2026 (recorded as an acquisition at $0.00). On the same day 579 shares were disposed/withheld to satisfy tax liabilities at an effective price of $583.87 per share, resulting in proceeds of approximately $338,061 (tax withholding rather than an open-market sale).

Key Details

• Transaction dates: March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Award/acquisition: 1,888 shares @ $0.00 (grant/award).
• Tax withholding/disposition: 579 shares @ $583.87 = ~$338,061 (code F — shares withheld to satisfy tax liabilities).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes of note:
  • F1: 22.728 shares were previously acquired in exempt transactions under the employee stock purchase plan and dividend reinvestment program but were not previously reported on a Form 4.
  • F2: Confirms the 579 shares were withheld to satisfy taxes on earned performance shares.
  • F3: One reported share count is based on the dollar value of the reporting person's interest in the Cummins Stock Fund under the company 401(k); the fund is unitized (~98% stock / ~2% cash), so the exact share count is approximate.

Context
This was primarily an award of shares (not an open-market purchase or discretionary sale). The 579-share transaction reflects routine tax withholding tied to earned performance shares (common in equity compensation), which should not be read as a directional market bet by the insider.