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CUMMINS INC·4

Mar 3, 5:30 PM ET

Bush Jennifer Mary 4

Research Summary

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Cummins VP Jennifer Bush Receives Performance Share Award

What Happened
Jennifer Mary Bush, Vice President and President — Power Systems at Cummins Inc. (CMI), received an award of 5,648 performance shares on 2026-03-01. On the same date 2,504 shares were withheld/disposed to satisfy tax liabilities at $583.87 per share, generating proceeds of $1,462,010. The award (code A) is compensation; the withholding (code F) is a tax-related disposition, not an open-market sale.

Key Details

  • Transaction dates: 2026-03-01 (award and tax withholding). Form filed 2026-03-03 (Accession 0001225208-26-003038).
  • Award: 5,648 shares acquired at $0.00 (performance share grant).
  • Tax withholding/disposition: 2,504 shares disposed at $583.87 each = $1,462,010.
  • Shares owned after transaction: not specified in the provided filing.
  • Footnote: F1 — shares were withheld to satisfy tax liabilities relating to earned performance shares.
  • Timeliness: filing appears timely (reported two days after the transaction).

Context
This was a routine compensation event (performance-share award) with a standard cashless tax withholding to cover taxes. It is not an open-market purchase or signaling sell; such awards are common and reflect compensation delivery rather than a trading view.