Smith Mark Andrew 4

What Happened Mark Andrew Smith, Chief Financial Officer of Cummins Inc. (CMI), was granted 14,128 shares as an award (performance/earned shares) on March 1, 2026. To satisfy tax withholding obligations related to that award, 5,878 of those shares were withheld at a reported value of $583.87 per share, totaling $3,431,988. The award shares themselves were recorded at $0.00 acquisition price on the Form 4.

Key Details

• Transaction dates: March 1, 2026 (reported on Form 4 filed March 3, 2026).
• Award: 14,128 shares granted (transaction code A) at $0.00 reported acquisition price.
• Tax withholding: 5,878 shares withheld (transaction code F) at $583.87/share = $3,431,988.
• Footnote: Shares withheld to satisfy tax liabilities relating to earned performance shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed March 3, 2026 for transactions on March 1, 2026 (appears to be filed promptly).

Context This was an equity award vesting event, not an open-market sale or purchase. The withholding of shares to cover taxes (a "sell-to-cover"/withholding) is a routine administrative step and does not necessarily indicate a change in insider sentiment. The grant increases the insider's compensation-based holdings, while the withheld portion simply satisfies tax obligations.