Wright Benjamin G. 4
4 · CUMMINS INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Cummins VP Benjamin Wright Receives 1,648-Share Award; 559 Withheld
What Happened Benjamin G. Wright, Vice President and President — Distribution Business at Cummins Inc. (CMI), was granted 1,648 shares as an award on 2026-03-01 (recorded as acquisition, code A). To satisfy tax liabilities related to these earned performance shares, 559 shares were withheld (disposition, code F) at an effective withholding value of $583.87 per share, totaling $326,383. The grant shows an acquisition price of $0 (typical for awards).
Key Details
- Transaction dates: 2026-03-01 (award and tax withholding). Form filed 2026-03-03.
- Award: 1,648 shares granted (code A) — acquisition price $0.
- Withholding: 559 shares withheld (code F) at $583.87/share, total $326,383, to cover tax liabilities.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes:
- F1: Shares were withheld to satisfy tax liabilities relating to earned performance shares.
- F2: Separately notes that 401(k) plan share counts may be estimated from a unitized account (≈98% stock, 2% cash); the actual underlying share count may not be exact.
- Filing timeliness: No late filing flag; reported within two days of the transaction date.
Context This filing reflects an equity award (a grant of performance shares) and a routine tax-withholding disposition — not an open-market sale or purchase signaling a change in investment stance. Withholding of shares to cover taxes is common when awards vest; it reduces the net shares delivered but does not represent a discretionary sale on the market.
Insider Transaction Report
- Award
Common
2026-03-01+1,648→ 4,536 total - Tax Payment
Common
[F1]2026-03-01$583.87/sh−559$326,383→ 3,977 total
- 833.507(indirect: By 401(k))
Common
[F2]
Footnotes (2)
- [F1]Shares withheld to satisfy tax liabilities relating to earned performance shares.
- [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.