Enright Robert 4
Research Summary
AI-generated summary
Cummins (CMI) VP Robert Enright Receives Award; 313 Shares Withheld
What Happened
- Robert Enright, Vice President — Supply Chain at Cummins Inc. (CMI), was granted 1,056 shares (an award/acquisition) on March 1, 2026. The grant is reported as an award with $0 exercise price (A).
- To satisfy tax liabilities related to those earned performance shares, 313 shares were withheld/disposed (transaction code F) at a reported value of $583.87 per share, for a total of $182,751.
Key Details
- Transaction dates: March 1, 2026 (grant and withholding); Form 4 filed March 3, 2026.
- Prices and values: Award reported at $0.00 per share; 313 shares withheld at $583.87 each, totaling $182,751.
- Shares owned after transaction: Not specified in the information provided on this filing.
- Footnotes: F1 — shares were withheld to satisfy tax liabilities for earned performance shares. F2 — a separate note explains that certain share counts for the Cummins Stock Fund (401(k)) are based on dollar values in a unitized account (approx. 98% stock / 2% cash), so reported unit counts may be approximate.
- Codes: A = award/acquisition; F = tax withholding (disposition).
- Filing timeliness: Form dated March 3, 2026 for a March 1 transaction; no late-filing flag was indicated in the supplied filing data.
Context
- This was primarily an equity award (a grant of performance shares). The 313-share disposal was a routine withholding to cover taxes on the award (a common administrative transaction), not an open-market sale expressing a view on the stock.
- For retail investors, awards and automatic withholdings are typically administrative and not necessarily a directional signal about insider sentiment.