Lamb-Hale Nicole 4

What Happened

• Nicole Lamb‑Hale, Vice President, Chief Legal Officer & Corporate Secretary of Cummins Inc., was granted 7,056 shares (award) on 2026-03-01 and, on the same date, 2,877 of those shares were withheld to satisfy tax liabilities. The withholding covered taxes valued at $583.87 per share, totaling $1,679,794.
• This was an award of shares (code A) with a withholding disposition for tax payment (code F), not an open-market sale or purchase of stock.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (no indication of late filing).
• Award: 7,056 shares acquired at $0.00 (performance/compensation award).
• Withheld for taxes: 2,877 shares disposed at $583.87 per share, total $1,679,794 (footnote: shares withheld to satisfy tax liabilities).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction codes: A = Award/Grant; F = Tax withholding (cashless/share withholding to cover tax).

Context

• Withholding shares to cover taxes is a routine administrative step when performance or restricted shares vest and does not necessarily indicate a decision to sell shares for investment reasons.
• This filing reflects compensation-related activity (receipt of awarded shares and tax withholding), not an opportunistic buy or market sale.