Gaidoo John O 4

What Happened John O. Gaidoo, Vice President and Chief Legal Officer of Cummins Inc. (CMI), was granted a total of 1,648 shares (1,296 + 352) as awards on 2026-03-01 (reported as acquisitions at $0.00). To satisfy tax liabilities on these earned performance shares, 510 shares (130 + 380) were withheld at an indicated value of $583.87 per share, totaling approximately $297,774. The withheld-share transactions are reported as disposals (code F) and reflect routine tax withholding rather than an open-market sale.

Key Details

• Transaction dates: March 1, 2026; Form 4 filed March 3, 2026 (timely within the 2-business-day rule).
• Awards: 1,296 and 352 shares reported as acquisitions (code A) at $0.00 (typical for vested/awarded shares).
• Withholding: 130 and 380 shares withheld (code F) at $583.87/share; total value withheld ≈ $297,774.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — shares withheld to satisfy tax liabilities on earned performance shares. F2 — notes that one reported share count is based on the dollar value of the reporting person’s interest in the Cummins Stock Fund (401(k) unitized account ~98% stock / 2% cash), so the exact underlying share count is an estimate.

Context This filing documents awarded (vested) performance shares and routine tax withholding — a common administrative step when equity awards vest. The acquisitions (awards) are generally neutral-to-bullish signals (insider receiving shares), while the withheld disposals are routine and do not indicate a sale in the open market.