Boakye Marvin 4

What Happened Marvin Boakye, Vice President and Chief Human Resources Officer at Cummins Inc. (CMI), sold a total of 3,481 shares in open-market transactions on May 8, 2026. The sales were reported as five separate dispositions: 240 shares at a weighted avg $682.62 ($163,829); 360 shares at $681.40 ($245,304); 769 shares at $679.32 ($522,397); 1,000 shares at $680.63 ($680,630); and 1,112 shares at $678.57 ($754,570). Aggregate proceeds were approximately $2,366,730. These were outright sales (transaction code S), which are often routine dispositions rather than a direct signal about company prospects.

Key Details

• Transaction date: May 8, 2026 (filed May 11, 2026). Filing appears timely (within required business-day window).
• Prices: reported as weighted averages with transaction price ranges per footnotes: $682.36–$682.82; $681.00–$681.93; $679.03–$679.98; $680.05–$680.96; and $678.01–$678.99.
• Shares sold: total 3,481 across five trades; total proceeds ≈ $2.37 million.
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Footnotes: each sale’s price is a weighted average; the filer offers to provide the exact per-trade breakdown on request.

Context

• These were open-market sales (S = sale). Sales are common for insiders for diversification, tax planning, or other personal reasons and do not by themselves prove a change in insider sentiment.
• No option exercises, awards, or gifts were reported in this filing.