Wood Jonathan David 4

What Happened

• Jonathan David Wood, Vice President & Chief Technology Officer of Cummins Inc. (CMI), received an award of 1,888 shares on 2026-03-01 (transaction code A).
• As part of the grant, 888 shares were withheld to satisfy tax liabilities (transaction code F) at $583.87 per share, totaling $518,477. The award line shows $0.00 as the acquisition price (typical for grant awards). This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (appears timely).
• Award: 1,888 shares reported at $0.00 (grant).
• Withholding: 888 shares withheld @ $583.87 = $518,477 (footnote F1: withheld to satisfy tax liabilities on earned performance shares).
• Shares owned after transaction: not specified in the provided filing details.
• Filing notes: No 10b5-1 plan or late filing flag indicated in the provided data.

Context

• This was a routine equity compensation event (performance-share award) with a standard share-withholding to cover taxes; such withholding is common and does not necessarily signal the insider’s view on the company’s stock.
• For retail investors, awards and withholding are primarily compensation mechanics—purchase transactions or open-market sales tend to be more informative about insider sentiment.