Wright Benjamin G. 4

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.