Davis Amy Rochelle 4
Research Summary
AI-generated summary
Cummins VP Amy Rochelle Davis Receives Award; Shares Withheld
What Happened
- Amy Rochelle Davis, Vice President & President — Accelera and Commercial, received an award of 5,181 performance shares on 2026-03-01 (code A).
- To satisfy tax withholding obligations on those earned shares, 3,147 shares were withheld/disposed (codes F) on the same date: 883 shares withheld at $583.87 each ($515,557) and 2,264 shares withheld at $583.87 each ($1,321,882), totaling about $1,837,439. The award shares are reported at $0.00 per share (typical for granted/vested awards).
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely filing).
- Award: 5,181 performance shares (code A, reported $0.00 per share).
- Withholding disposals: 883 shares and 2,264 shares at $583.87 each; total withheld value ≈ $1,837,439 (codes F).
- Footnote: F1 — shares were withheld to satisfy tax liabilities relating to earned performance shares.
- Shares owned after transaction: not disclosed in this filing.
Context
- This appears to be a standard net-share settlement/tax-withholding on earned performance shares, not an open-market sale or purchase. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a personal decision to sell additional shares.