Lamb-Hale Nicole 4

What Happened

• Nicole Lamb-Hale, Vice President, Chief Legal Officer and Corporate Secretary of Cummins Inc., was granted 290 restricted stock units (RSUs) on April 1, 2026. The units were reported as an award/acquisition at $0.00 per share (total reported value $0 on grant). According to the filing footnote, these are time‑vested RSUs that will vest and convert into common stock on April 1, 2028.
• This is a compensation grant (award), not an open-market purchase or sale; such grants are routine for employee compensation and retention.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely filing).
• Transaction type/code: A (Award/Grant).
• Shares granted: 290 RSUs; Reported acquisition price: $0.00; Reported aggregate value at grant: $0.
• Vesting/conversion: These RSUs vest and convert to common stock on April 1, 2028 (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• No 10b5-1, tax‑withholding, or late‑filing notes are indicated in the provided data.

Context

• RSUs represent a promise to deliver shares in the future upon vesting; they are compensation, not an immediate purchase or sale, and do not necessarily signal the insider’s view on the stock.
• Taxable events typically occur when RSUs vest/convert, and companies may withhold shares for taxes at that time (not noted here).