Fetch Bonnie J 4

What Happened

• Bonnie J. Fetch, EVP & President — Operations at Cummins Inc. (CMI), disposed of 642.823 shares on May 11, 2026. The Form 4 reports a sale at $702.66 per share, for a total reported value of $451,686. The filing indicates the shares were transferred out of the company's Cummins Stock Fund within the company 401(k) plan.

Key Details

• Transaction date and price: 2026-05-11, sale (code S) at $702.66 per share.
• Shares sold and value: 642.823 shares; reported proceeds $451,686.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The reporting person transferred her entire interest in the Cummins Stock Fund into another fund in the 401(k) plan. The Stock Fund is a unitized account (~98% common stock, ~2% cash), so the reported share count is an estimate (fractional shares result from unitization).
• Filing timeliness: Form filed on 2026-05-13 — appears timely (within the typical 2-business-day Form 4 window).

Context

• This transaction reflects a reallocation out of the company 401(k) stock fund rather than necessarily an open-market, discretionary sale of personal brokerage shares. Such 401(k) transfers and fund redemptions are often routine (e.g., diversification or retirement planning) and do not by themselves indicate management sentiment about the stock.