Fetch Bonnie J 4

What Happened

• Bonnie J. Fetch, Executive Vice President & President — Operations at Cummins Inc. (CMI), was awarded 3,296 shares on 2026-03-01 (reporting code A). Simultaneously, 1,297 shares were withheld (code F) to satisfy tax liabilities; those withheld shares were disposed at $583.87 per share for proceeds of $757,279. The award shows an acquisition price of $0.00, indicating these were earned/performance shares rather than a purchase.

Key Details

• Transaction dates: award and withholding occurred on 2026-03-01; Form 4 filed 2026-03-03 (Accession 0001225208-26-003035).
• Award: 3,296 shares acquired (price $0.00).
• Withholding/disposition: 1,297 shares disposed at $583.87 each, total $757,279 (tax withholding).
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Shares withheld to satisfy tax liabilities relating to earned performance shares.
  • F2: Reference to how 401(k) share counts are reported in unitized terms (not direct-share count).
• Filing timeliness: transaction reported within two days; no late-filing indication.

Context

• This was primarily an award of shares (not an open-market purchase or a sale for investment), with a routine tax-withholding disposition (common for performance or restricted stock awards). Tax withholding and share withholding are administrative and do not, by themselves, signal a change in the insider’s view of the company’s prospects.