CUMMINS INC (CMI)

Insider Trading Filed: 2026-05-14

Key Insights

VP of China ABO Nathan Stoner disposed of 600 shares of CMI common stock on 05/13/2026 at $0.00, indicating a likely grant or compensation-related transaction rather than a market sale.
Following the transaction, Stoner maintains beneficial ownership of 8,846.669 shares, suggesting continued significant stake in the company despite the disposition.
The transaction was executed through a written plan (indicated by the 10b5-1 checkbox), demonstrating compliance with insider trading regulations and pre-planned divestment strategy.
The $0.00 price point combined with disposition code 'G' (gift/grant) suggests this was likely a restricted stock release or equity compensation settlement rather than a discretionary sale decision.

Insider Trading Filed: 2026-05-14

Key Insights

VP of Treasury & Tax Donald G. Jackson executed three separate sales totaling 730 shares on 05/14/2026 at prices ranging from $710.36 to $712.70, reducing direct common stock holdings from approximately 9,645 to 8,315 shares.
The timing and execution of sales across multiple transactions at slightly varying prices suggests routine portfolio rebalancing rather than a major confidence signal, with prices clustered in a narrow $2.34 range.
Jackson retains approximately 8,315 direct shares plus an additional 215.47 shares via 401(k) plan holdings, and maintains unexercised in-the-money stock options (1,600 shares total), indicating continued material ownership stake in the company.
As a VP-level officer handling Treasury & Tax functions, Jackson's modest insider selling represents typical executive stock management activity rather than a signal of material concern about company fundamentals or near-term outlook.

Current Report Filed: 2026-05-14

Key Insights

All eleven director nominees were elected with strong support, with Matthew Tsien receiving the highest approval at 99.6% of votes cast, indicating solid board confidence and minimal governance concerns.
The advisory vote on executive compensation passed with 95.3% approval (101.9M for vs 5.0M against), demonstrating strong shareholder alignment with management pay practices.
The 2026 Omnibus Incentive Plan was approved with 96.1% support, providing management with continued equity-based compensation flexibility for retention and performance alignment.
Shareholder proposals on CEO/Chairperson role separation and charitable support reporting were decisively rejected, with 77.1% and 98.2% voting against respectively, showing shareholders prefer current governance structure.
Strong shareholder participation at 87.8% of outstanding shares and high pass rates across management proposals indicate stable investor relations and confidence in company leadership.

Insider Trading Filed: 2026-05-13

Key Insights

Director Karen H. Quintos acquired 306 shares of CMI common stock on 05/12/2026 at $0.00 (likely a grant or dividend reinvestment), bringing total beneficial ownership to 5,537.1377 shares held indirectly through a trust.
The acquisition includes 4.4449 dividend equivalent shares credited under the Cummins Deferred Compensation Plan for Non-Employee Directors, indicating accumulated compensation rather than market-based insider buying.
This is a routine director compensation transaction with no significant trading activity or material ownership change, representing standard equity grant practices for board members.

Insider Trading Filed: 2026-05-13

Key Insights

VP & President of Power Systems Jennifer Bush sold 5,000 shares on May 12, 2026, at prices ranging from $693.79 to $699.10, reducing her direct holdings from approximately 21,946 to 16,946 shares.
The multi-tranche sale pattern across five separate transactions suggests systematic, planned liquidation rather than opportunistic selling, with prices remaining relatively stable in the $694-$699 range throughout the day.
Bush retained 16,946 shares directly and maintains indirect ownership of 169 shares through her spouse, indicating she still holds a significant equity stake despite the substantial sale, which may suggest partial portfolio rebalancing rather than complete confidence loss.

Insider Trading Filed: 2026-05-13

Key Insights

Director Matthew Tsien acquired 306 shares of CMI common stock at $0.00 price on 05/12/2026, indicating this was likely a grant or award rather than an open market purchase.
Post-transaction beneficial ownership stands at 753 shares held directly, suggesting a relatively modest personal stake for a board member at a major industrial company.
The filing was signed by an attorney-in-fact (Nicole Y. Lamb-Hale) rather than the director personally, which is standard practice for insider transactions but indicates routine administrative processing.

Insider Trading Filed: 2026-05-13

Key Insights

Director John H. Stone acquired 306 shares of CMI common stock on 05/12/2026 at $0.00, indicating a grant or award rather than a market purchase, which is typical for director compensation.
Stone's total beneficial ownership increased to 2,747 shares following this transaction, representing a direct ownership position that demonstrates continued alignment with shareholder interests.
The zero-price acquisition suggests this was likely a restricted stock grant or dividend reinvestment rather than a discretionary open-market buy, limiting the inference about insider confidence in the stock's valuation.

Insider Trading Filed: 2026-05-13

Key Insights

Director Kimberly A Nelson acquired 306 shares of CMI on 05/12/2026 at $0.00, indicating a stock grant or dividend reinvestment rather than open market purchase, suggesting routine equity compensation.
Nelson's total beneficial ownership across direct and indirect holdings (trusts and spouse accounts) stands at approximately 5,248 shares, demonstrating modest insider stake with diversified ownership structure.
The acquisition includes 76.62 dividend equivalent shares credited under the Deferred Compensation Plan for Non-Employee Directors, reflecting participation in standard director compensation arrangements rather than discretionary buying activity.

Insider Trading Filed: 2026-05-13

Key Insights

Director William I. Miller acquired 306 common shares at $0.00 on 05/12/2026, indicating these were compensation-related shares (likely from deferred compensation plan) rather than open market purchases, with total direct beneficial ownership reaching 34,669.68 shares.
Miller holds an additional 167 shares indirectly through a child, demonstrating multi-generational wealth accumulation in CMI stock and indicating confidence in the company's long-term value.
The acquisition includes 120.73 dividend equivalent shares credited under the Deferred Compensation Plan since the last filing, showing consistent participation in the director compensation program and passive accumulation through dividends.
Miller also beneficially owns 5,202.78 stock units (derivative securities with no conversion price or expiration date), representing significant additional equity exposure beyond direct share ownership.

Insider Trading Filed: 2026-05-13

Key Insights

Director Thomas J. Lynch acquired 306 shares of CMI on 05/12/2026 at $0.00 price, indicating a stock grant or dividend reinvestment rather than open market purchase.
Lynch's total beneficial ownership increased to 11,961.83 shares following the transaction, with an additional 22.52 dividend equivalent shares credited under the Deferred Compensation Plan for Non-Employee Directors.
The acquisition was processed as a non-derivative security transaction with direct ownership, representing routine director compensation/benefits rather than discretionary insider buying that would signal confidence in stock valuation.

Insider Trading Filed: 2026-05-13

Key Insights

Director Carla A Harris acquired 306 shares of CMI common stock on 05/12/2026 at $0.00, indicating a non-cash transaction, likely through dividend reinvestment or equity compensation plan, bringing total beneficial ownership to 3,808.4325 shares.
The acquisition includes 37.3116 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors, suggesting Harris is receiving director compensation through equity-based mechanisms rather than cash.
This routine insider transaction shows continued accumulation of company stock by a board member, which can be viewed as a mild positive signal of confidence in the company, though the non-cash nature and director compensation context limit significance.

Insider Trading Filed: 2026-05-13

Key Insights

Director Daniel William Fisher acquired 306 shares of CMI common stock on 05/12/2026 at $0.00 per share, indicating a stock award or dividend reinvestment rather than open market purchase.
Fisher's total beneficial ownership increased to 2,602.8954 shares following the transaction, with the acquisition including 16.1052 dividend equivalent shares credited under the Deferred Compensation Plan for Non-Employee Directors.
The acquisition represents routine director compensation through equity awards rather than a discretionary insider buy signal, suggesting confidence in the company but without the stronger conviction signal that open market purchases would indicate.

Insider Trading Filed: 2026-05-13

Key Insights

Director Allen Bruno V acquired 306 shares of CMI common stock on 05/12/2026 at $0.00 price, resulting in total beneficial ownership of 5,378.9939 shares, indicating a grant or award rather than open market purchase.
The zero-dollar acquisition price suggests this transaction was equity compensation (such as restricted stock units, performance shares, or director grants) rather than a discretionary insider buy, which carries less bullish conviction.
As a Director-level insider, Bruno V's modest acquisition size relative to total holdings does not signal significant confidence in near-term stock appreciation, limiting positive sentiment from this transaction.

Insider Trading Filed: 2026-05-13

Key Insights

Director Gary L. Belske acquired 306 shares of CMI common stock on 05/12/2026 at $0.00 price, indicating a non-cash transaction likely related to dividend reinvestment or equity compensation plan participation.
The acquisition includes 53.5858 dividend equivalent shares credited under the Cummins Inc. Deferred Compensation Plan for Non-Employee Directors, showing accumulated compensation through the plan since the last filing.
Belske's total beneficial ownership increased to 3,243.6123 shares following this transaction, representing direct ownership with no indirect holdings disclosed in this filing.
The filing shows routine director-level equity activity with no material insider selling patterns or concerns, consistent with normal deferred compensation plan administration for board members.

Insider Trading Filed: 2026-05-13

Key Insights

EVP & President of Operations Bonnie Fetch sold approximately 642.82 shares of CMI at $702.66 per share on May 11, 2026, generating roughly $451,600 in proceeds through a 401(k) plan reallocation rather than a direct market sale.
The transaction represents a portfolio diversification move within the executive's 401(k) plan, transferring funds out of the Cummins Stock Fund into other investment options, suggesting reduced concentration risk rather than bearish sentiment about the company.
Despite the sale, the executive maintains significant beneficial ownership of 11,679 shares directly and holds 752 unexercised stock options (strike price $142.12, expiring April 2030), indicating continued confidence and long-term alignment with the company.

Insider Trading Filed: 2026-05-11

Key Insights

EVP & President of Operations Bonnie J Fetch sold 652 shares on 05/11/2026 at a weighted average price of $700.19, generating approximately $456,624 in proceeds, which represents a substantial equity reduction by a senior executive.
The insider holds 11,679 shares directly following the transaction, plus an additional 642.8227 shares indirectly through a 401(k) plan, indicating continued material ownership despite the recent sale.
The stock option position of 752 shares at $142.12 exercise price (expiring 04/06/2030) represents significant unrealized gains given the current trading price near $700, suggesting confidence in long-term value despite recent selling activity.
The sale was executed at prices ranging $700.00-$700.38 in multiple tranches, suggesting either a pre-planned divestiture or opportunistic selling during a period of elevated valuation relative to historical prices.

Insider Trading Filed: 2026-05-11

Key Insights

VP of China Operations Nathan Stoner sold 607 shares of CMI at $694.06 per share on May 11, 2026, generating approximately $421,500 in proceeds, reducing his direct holdings to 9,446.669 shares.
The sale represents a modest 6% reduction in Stoner's CMI holdings and appears to be a routine equity transaction rather than a panic sell-off, suggesting measured confidence in the company's direction.
As a VP-level executive with geographic responsibility for a key growth market, insider selling of this magnitude is relatively immaterial and does not signal major internal concerns about company fundamentals.

Insider Trading Filed: 2026-05-11

Key Insights

VP of CHRO Marvin Boakye executed a substantial insider sale, disposing of 3,481 common shares across five transactions on May 8, 2026, reducing beneficial ownership from approximately 12,229 shares to 8,508 shares.
The sale was conducted at prices ranging from $678.01 to $682.82 per share, generating approximately $2.37 million in proceeds, suggesting a preplanned divestment rather than distressed selling.
This significant insider sale by a Chief Human Resources Officer may signal reduced confidence in near-term stock appreciation or could reflect portfolio rebalancing/liquidity needs rather than fundamental company concerns.
The transaction was executed on May 8, 2026 and filed on May 11, 2026, following normal SEC filing procedures with no indication of Rule 10b5-1 plan involvement.

Insider Trading Filed: 2026-05-08

Key Insights

Nicole Lamb-Hale, VP, CAO & Corporate Secretary, sold 2,408 shares across three transactions on 05/08/2026 at prices ranging from $683.84 to $686.61, reducing her holdings from approximately 16,212 to 14,084 shares.
The sales occurred at consistent price levels ($684-$686 range), suggesting execution during normal market conditions rather than panic selling or opportunistic timing around market peaks.
Post-transaction beneficial ownership of 14,084 shares indicates the executive retained substantial equity stake in CMI despite the sales, suggesting confidence in the company's long-term prospects.

Quarterly Report Filed: 2026-05-05

Key Insights

The filing contains extensive segment data across Engine, Components, Distribution, and Power Systems divisions with detailed geographic breakdowns (US, China, India) and product line performance metrics for Q1 2026 vs Q1 2025 comparison periods.
Balance sheet structure includes equity component tracking across Common Stock, Additional Paid-in Capital, Retained Earnings, Treasury Stock, and Accumulated Other Comprehensive Income, indicating active capital management and shareholder return activities.
The document structure suggests comprehensive disclosure of pension and post-retirement benefit obligations with defined benefit plan accounting, which could impact future earnings and cash flow allocations.
Geographic diversification is evident across major markets (North America, Asia-Pacific, Europe, China, India, Africa/Middle East, Latin America) suggesting exposure to both developed and emerging market dynamics in heavy-duty vehicles and industrial power systems.

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