CMI insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Earl Newsome VP - Chief Information Officer	698	$572.22	13%	4.5K	Aug 24, 2026	Aug 25, 2026

What stands out

Eight insiders sold more than 25% of vested holdings: William Miller (35% of holdings, $10.8M, none under a disclosed plan), Mark Smith (42% of holdings, $6.3M, all under a disclosed plan) and Jennifer Bush (61% of holdings, $6.0M, none under a disclosed plan), plus 5 more.William Miller: largest sale, Feb 11, 2026 · Mark Smith: largest sale, Nov 6, 2025 · Jennifer Bush: largest sale, Feb 10, 2026

Two officers sold $3.8M with no disclosed plan: Jennifer Rumsey ($2.2M, 8.2% of holdings) and Nicole Lamb-Hale ($1.7M, 20%). The filings don't state a reason.Jennifer Rumsey: largest such sale, Nov 11, 2025 · Nicole Lamb-Hale: largest such sale, May 8, 2026

Four officers sold shares but ended with larger stakes, because more shares came in than were sold: Jennifer Rumsey (sold 4.6K, 8.2% of starting holdings; 49K added), Nicole Lamb-Hale (sold 2.4K, 20% of starting holdings; 7.3K added) and Bonnie Fetch (sold 1.3K, 12% of starting holdings; 4.5K added), plus 1 more.Jennifer Rumsey: largest sale, Nov 11, 2025 · Nicole Lamb-Hale: largest sale, May 8, 2026 · Bonnie Fetch: largest sale, May 11, 2026

Percentages cover all 29 officers and directors. Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stakeAdded during the period

William Miller

Director

35% · $10.8MNo plan disclosed

Mark Smith

VP - Chief Financial Officer

Sold 42%, but 13K shares were added (mostly vesting), so the stake grew

42% · $6.3MDisclosed plan

Jennifer Bush

VP & Pres. - Power Systems

61% · $6.0MNo plan disclosed

Amy Davis

VP & Pres. - Accelera and Com

29% · $3.4MDisclosed plan

Marvin Boakye

VP - CHRO

45% · $2.4MNo plan disclosed

All 12 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Common questions

Is the Cummins CEO selling stock?

Yes. Jennifer Rumsey sold 4.6K shares ($2.2M, 8.2% of starting holdings) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Cummins insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 26% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 74% had no disclosed plan. A trading plan schedules sales in advance.

Are any Cummins insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Cummins insiders sell?

About 19% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold12 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
William Miller Director	$10.8M 18K shares	35%	No plan disclosed
Mark Smith VP - Chief Financial Officer	$6.3M 13K shares	42%	Disclosed plan
Jennifer Bush VP & Pres. - Power Systems	$6.0M 9.3K shares	61%	No plan disclosed
Amy Davis VP & Pres. - Accelera and Com	$3.4M 5.9K shares	29%	Disclosed plan
Marvin Boakye VP - CHRO	$2.4M 3.5K shares	45%	No plan disclosed
Jennifer Rumsey Chair and CEO, Director	$2.2M 4.6K shares	8.2%	No plan disclosed
Nicole Lamb-Hale VP, CAO & Corporate Secretary	$1.7M 2.4K shares	20%	No plan disclosed
Donald Jackson VP - Treasury & Tax	$1.5M 2.3K shares	31%	No plan disclosed
Brett Merritt V.P & Pres. - Engine Business	$1.2M 2.2K shares	26%	No plan disclosed
Earl Newsome VP - Chief Information Officer	$1.2M 2K shares	43%	No plan disclosed
Bonnie Fetch EVP & President - Operations	$908K 1.3K shares	12%	No plan disclosed
Nathan Stoner VP - China ABO	$421K 607 shares	8.0%	No plan disclosed

The full ownership picture29 of 29 insiders fully reconciled · 29 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 9, 2025

Sold

Held Oct 9, 2026

Still held

Jennifer Rumsey

Minor difference of 43 shares. Difference is under 0.5% of holdings.

Chair and CEO, Director

56K

−4.6K

77K

+38%

Vesting, gifts, unvested awards and holding lines for Jennifer Rumsey

+4.6Kshares vested or exercised

−4.2Kgifted (net of own trusts)

−19Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	42,880	46,632
GRAT	Common	11,373	7,967
401(k) Plan	Common	1,481	1,524
GRAT 2025	Common	0	20,775

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
8,760	$149.72	Apr 3, 2027	$3.7M
6,950	$160.10	Apr 3, 2028	$2.9M
12,330	$163.43	Apr 4, 2029	$5.0M
1,235	$166.18	Oct 16, 2029	$501K
13,320	$142.12	Apr 6, 2030	$5.7M

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Reconciliation: minor difference of 43 shares. Difference is under 0.5% of holdings.

William Miller

Minor difference of 428 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

52K

−18K

35K

67%

Vesting, gifts, unvested awards and holding lines for William Miller

0shares vested or exercised

0gifted (net of own trusts)

20K → 31Kunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	52,042	34,670
Child #3	Common	167	167

Reconciliation: minor difference of 428 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Mark Smith

VP - Chief Financial Officer

32K

−13K

40K

+26%

Vesting, gifts, unvested awards and holding lines for Mark Smith

+13Kshares vested or exercised

0gifted (net of own trusts)

−5.9Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	31,582	39,832

Sharon Barner

VP - Chief Administrative Off.

25K

no sales

Vesting, gifts, unvested awards and holding lines for Sharon Barner

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	24,589	24,589

Amy Davis

Includes unvested RSUs, amount not disclosed.

VP & Pres. - Accelera and Com

21K

−5.9K

16K

76%

Vesting, gifts, unvested awards and holding lines for Amy Davis

0shares vested or exercised

0gifted (net of own trusts)

−4.2Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common	20,738	15,807

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,130	$142.12	Apr 6, 2030	$916K
2,160	$163.43	Apr 4, 2029	$883K
800	$170.95	Jul 1, 2030	$321K

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Robert Bernhard

Director

19K

no sales

Vesting, gifts, unvested awards and holding lines for Robert Bernhard

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	19,111	19,111

Jennifer Bush

VP & Pres. - Power Systems

15K

−9.3K

12K

79%

Vesting, gifts, unvested awards and holding lines for Jennifer Bush

+4.3Kshares vested or exercised

0gifted (net of own trusts)

−3.8Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	15,130	11,986
Spouse	Common	169	169

Nicole Lamb-Hale

VP, CAO & Corporate Secretary

12K

−2.4K

14K

+17%

Vesting, gifts, unvested awards and holding lines for Nicole Lamb-Hale

0shares vested or exercised

0gifted (net of own trusts)

−2.9Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	12,023	14,084

Thomas Lynch

Minor difference of 23 shares. Difference is under 0.5% of holdings.

Director

12K

no sales

Vesting, gifts, unvested awards and holding lines for Thomas Lynch

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	11,633	11,962

Reconciliation: minor difference of 23 shares. Difference is under 0.5% of holdings.

Bonnie Fetch

Minor difference of 77 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.

EVP & President - Operations

11K

−1.3K

12K

+8%

Vesting, gifts, unvested awards and holding lines for Bonnie Fetch

0shares vested or exercised

−155gifted (net of own trusts)

−2.2Kwithheld by the company for taxes

none reportedunvested awards, start → end

Small increase from a 401(k) plan. Filing

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	9,153	11,524
401(k) Plan	Common	1,514	0

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
752	$142.12	Apr 6, 2030	$323K

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Reconciliation: minor difference of 77 shares. Small increase from a 401(k) plan.

Karen Quintos

Minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

9.3K

no sales

Vesting, gifts, unvested awards and holding lines for Karen Quintos

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	3,773	3,773
Trust	Common	5,227	5,537

Reconciliation: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Brett Merritt

Minor difference of 2 shares. Difference is under 0.5% of holdings.

V.P & Pres. - Engine Business

8.4K

−2.2K

10K

+22%

Vesting, gifts, unvested awards and holding lines for Brett Merritt

+2.4Kshares vested or exercised

−218gifted (net of own trusts)

−998withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	8,321	10,186
401(k) Plan	Common	111	113

Reconciliation: minor difference of 2 shares. Difference is under 0.5% of holdings.

Luther Peters

Minor difference of 33 shares. Difference is under 0.5% of holdings.

VP - Corporate Controller

8.3K

9.6K

no sales

Vesting, gifts, unvested awards and holding lines for Luther Peters

0shares vested or exercised

0gifted (net of own trusts)

−579withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	7,693	9,025
401(k) Plan	Common	569	578

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
3,125	$149.72	Apr 3, 2027	$1.3M
2,175	$160.10	Apr 3, 2028	$896K
2,665	$142.12	Apr 6, 2030	$1.1M
3,085	$163.43	Apr 4, 2029	$1.3M

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Reconciliation: minor difference of 33 shares. Difference is under 0.5% of holdings.

Marvin Boakye

VP - CHRO

7.7K

−3.5K

8.4K

+9%

Vesting, gifts, unvested awards and holding lines for Marvin Boakye

0shares vested or exercised

−150gifted (net of own trusts)

−2.7Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	7,668	8,358

Nathan Stoner

VP - China ABO

7.6K

−607

8.8K

+16%

Vesting, gifts, unvested awards and holding lines for Nathan Stoner

0shares vested or exercised

−600gifted (net of own trusts)

−2Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	7,595	8,847

Donald Jackson

Minor difference of -4 shares. Difference is under 0.5% of holdings.

VP - Treasury & Tax

7.4K

−2.3K

8.5K

+15%

Vesting, gifts, unvested awards and holding lines for Donald Jackson

+1.6Kshares vested or exercised

0gifted (net of own trusts)

−1Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	7,214	8,316
401(k) Plan	Common	219	215

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,330	$142.12	Apr 6, 2030	$572K
270	$169.83	Jun 1, 2030	$109K

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Reconciliation: minor difference of -4 shares. Difference is under 0.5% of holdings.

Kimberly Nelson

Minor difference of 77 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

5.5K

5.8K

no sales

Vesting, gifts, unvested awards and holding lines for Kimberly Nelson

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	4,384	4,766
2013 Family Trust	Common	600	600
Spouse - 2015 Family Trust	Common	400	400
Spouse	Common	82	82

Reconciliation: minor difference of 77 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Allen Di Leo

Director

5.1K

5.4K

no sales

Vesting, gifts, unvested awards and holding lines for Allen Di Leo

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	5,073	5,379

Earl Newsome

VP - Chief Information Officer

4.7K

−2K

4.5K

96%

Vesting, gifts, unvested awards and holding lines for Earl Newsome

0shares vested or exercised

0gifted (net of own trusts)

−1Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	4,689	4,479

Jeffrey Wiltrout

Minor difference of 50 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.

VP - Corporate Strategy

3.8K

5.8K

no sales

Vesting, gifts, unvested awards and holding lines for Jeffrey Wiltrout

0shares vested or exercised

0gifted (net of own trusts)

−1.1Kwithheld by the company for taxes

none reportedunvested awards, start → end

Small increase from a 401(k) plan. Filing

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	3,463	5,421
401(k) Plan	Common	374	424

Reconciliation: minor difference of 50 shares. Small increase from a 401(k) plan.

Robert Enright

Minor difference of 185 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.

VP - Supply Chain

3.6K

4.6K

no sales

Vesting, gifts, unvested awards and holding lines for Robert Enright

0shares vested or exercised

0gifted (net of own trusts)

−313withheld by the company for taxes

none reportedunvested awards, start → end

Small increase from a 401(k) plan. Filing

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	955	1,698
401(k) Plan	Common	2,686	2,871

Reconciliation: minor difference of 185 shares. Small increase from a 401(k) plan.

Carla Harris

Minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

3.5K

3.8K

no sales

Vesting, gifts, unvested awards and holding lines for Carla Harris

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	3,465	3,808

Reconciliation: minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Benjamin Wright

Minor difference of 75 shares. Small increase from a 401(k) plan. Small increase from a 401(k) plan.

VP and President Dist Business

3.3K

4.8K

no sales

Vesting, gifts, unvested awards and holding lines for Benjamin Wright

0shares vested or exercised

0gifted (net of own trusts)

−731withheld by the company for taxes

none reportedunvested awards, start → end

Small increase from a 401(k) plan. Filing

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	2,507	3,977
401(k) Plan	Common	759	834

Reconciliation: minor difference of 75 shares. Small increase from a 401(k) plan.

Jonathan Wood

Vice President & CTO

3.2K

4.2K

no sales

Vesting, gifts, unvested awards and holding lines for Jonathan Wood

0shares vested or exercised

0gifted (net of own trusts)

−888withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	3,188	4,188

Gary Belske

Minor difference of 54 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

2.9K

3.2K

no sales

Vesting, gifts, unvested awards and holding lines for Gary Belske

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	2,884	3,244

Reconciliation: minor difference of 54 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

John Stone

Director

2.4K

2.7K

no sales

Vesting, gifts, unvested awards and holding lines for John Stone

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	2,441	2,747

Daniel Fisher

Minor difference of 16 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

2.3K

2.6K

no sales

Vesting, gifts, unvested awards and holding lines for Daniel Fisher

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	2,281	2,603

Reconciliation: minor difference of 16 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

John Gaidoo

VP and Chief Legal Officer

1.8K

3.1K

no sales

Vesting, gifts, unvested awards and holding lines for John Gaidoo

+290shares vested or exercised

0gifted (net of own trusts)

−642withheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	1,788	3,084
401(k) Plan	Common	36	36

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
750	$142.12	Apr 6, 2030	$323K
190	$149.72	Apr 3, 2027	$80K
430	$160.10	Apr 3, 2028	$177K
860	$163.43	Apr 4, 2029	$352K
860	$207.04	Oct 1, 2030	$314K

Estimate: options held × ($572.22 − strike price), using the most recent insider trade price on Form 4 (Aug 24, 2026), not a market close.

Matthew Tsien

Director

447

753

no sales

Vesting, gifts, unvested awards and holding lines for Matthew Tsien

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common	447	753

29 of 29 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (14 exactly, 15 with a minor or footnoted difference). Percentages cover all 29 officers and directors. "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$37.8M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $37.8M across 65,445 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $9.6M · 26%

74%

The lighter segment is sales with no plan disclosed in the filing ($28.1M), including tax-related sales outside a plan.

No plan disclosed · $28.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $10.8M of it is William Miller. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: William Miller, Feb 11, 2026

Taxes

50,440 shares ($29.5M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
William Miller Director	18K	$10.8M	0%	29%	Feb 11, 2026 to Feb 11, 2026
Mark Smith VP - Chief Financial Officer	13K	$6.3M	100%	17%	Oct 30, 2025 to Nov 6, 2025
Jennifer Bush VP & Pres. - Power Systems	9.3K	$6.0M	0%	16%	Feb 10, 2026 to May 12, 2026
Amy Davis VP & Pres. - Accelera and Com	5.9K	$3.4M	100%	9%	Feb 23, 2026 to Mar 3, 2026
Marvin Boakye VP - CHRO	3.5K	$2.4M	0%	6%	May 8, 2026 to May 8, 2026
Jennifer Rumsey Chair and CEO, Director	4.6K	$2.2M	0%	6%	Nov 11, 2025 to Nov 11, 2025
Nicole Lamb-Hale VP, CAO & Corporate Secretary	2.4K	$1.7M	0%	4%	May 8, 2026 to May 8, 2026
Donald Jackson VP - Treasury & Tax	2.3K	$1.5M	0%	4%	Feb 24, 2026 to May 14, 2026
Brett Merritt V.P & Pres. - Engine Business	2.2K	$1.2M	0%	3%	Nov 25, 2025 to May 11, 2026
Earl Newsome VP - Chief Information Officer	2K	$1.2M	0%	3%	Feb 23, 2026 to Aug 24, 2026
Bonnie Fetch EVP & President - Operations	1.3K	$908K	0%	2%	May 11, 2026 to May 11, 2026
Nathan Stoner VP - China ABO	607	$421K	0%	1%	May 11, 2026 to May 11, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$90K	$90K	$0	$0
Nov 2025	$9.0M	$6.2M	$0	$2.9M
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$16.1M	$1.1M	$0	$15.0M
Mar 2026	$2.3M	$2.3M	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$9.8M	$0	$0	$9.8M
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$399K	$0	$0	$399K
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about two-thirds of the 5-year average. 12 insiders sold; the average is 10 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 9, 2026 Latest 12 months	65K	12	$37.8M
Oct 9, 2025 1 year earlier	74K	10	$29.2M
Oct 9, 2024 2 years earlier	115K	9	$32.1M
Oct 10, 2023 3 years earlier	180K	10	$44.4M
Oct 10, 2022 4 years earlier	135K	14	$29.9M
Oct 10, 2021 5 years earlier	19K	9	$4.7M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Jennifer Rumsey: minor difference of 43 shares. Difference is under 0.5% of holdings.

William Miller: minor difference of 428 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Thomas Lynch: minor difference of 23 shares. Difference is under 0.5% of holdings.

Bonnie Fetch: minor difference of 77 shares. Small increase from a 401(k) plan.

Karen Quintos: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Brett Merritt: minor difference of 2 shares. Difference is under 0.5% of holdings.

Luther Peters: minor difference of 33 shares. Difference is under 0.5% of holdings.

Donald Jackson: minor difference of -4 shares. Difference is under 0.5% of holdings.

Kimberly Nelson: minor difference of 77 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Jeffrey Wiltrout: minor difference of 50 shares. Small increase from a 401(k) plan.

Robert Enright: minor difference of 185 shares. Small increase from a 401(k) plan.

Carla Harris: minor difference of 37 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Benjamin Wright: minor difference of 75 shares. Small increase from a 401(k) plan.

Gary Belske: minor difference of 54 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Daniel Fisher: minor difference of 16 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Inferred rename: "Trust" is treated as the same holder as "GRAT", because the old name was never reported again and the new one opened with the same balance (11,373 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,626 filings from SEC EDGAR, and how we read them

All 1,626 Forms 3, 4 and 5 filed for Cummins (SEC CIK 26172) from Jul 14, 2003 to Aug 25, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 3 filings were left out because Cummins filed them as an owner of another company's stock.

Probable 2-for-1 stock split on or before Jan 2, 2008 (split date stated in a footnote). Splits aren't reported as transactions; 29 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 4-for-1 stock split on or before Apr 9, 2007 (split date stated in a footnote). Splits aren't reported as transactions; 7 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (50)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Srikanth Padmanabhan	Mar 4, 2025	44,437 shares, last reported balance as of Mar 1, 2025
Ashwath Ram	Oct 7, 2024	1,075 shares, last reported balance as of Oct 3, 2024
Tony Satterthwaite	Sep 13, 2024	81,533 shares, last reported balance as of Aug 23, 2024
Sherry Aaholm	Mar 5, 2024	9,703 shares, last reported balance as of Mar 1, 2024
Stephen Dobbs	Feb 22, 2024	5,097 shares, last reported balance as of Feb 21, 2024
Tracy Embree	Aug 15, 2023	19,990 shares, last reported balance as of Aug 1, 2023
Georgia Nelson	May 10, 2023	22,635 shares, last reported balance as of May 9, 2023
Norman Linebarger	Mar 3, 2023	187,041 shares, last reported balance as of Mar 1, 2023
Walter Fier	Mar 3, 2023	8,784 shares, last reported balance as of Mar 1, 2023
Mary Chandler	Mar 3, 2023	6,486 shares, last reported balance as of Mar 1, 2023
Mahesh Narang	Mar 3, 2023	3,353 shares, last reported balance as of Mar 1, 2023
Franklin ChangDiaz	Nov 16, 2022	1,642 shares, last reported balance as of Nov 16, 2022
Norbert Nusterer	May 26, 2022	18,086 shares, last reported balance as of May 25, 2022
Robert Herdman	May 11, 2022	17,633 shares, last reported balance as of May 10, 2022
Jill Cook	Mar 3, 2022	23,896 shares, last reported balance as of Mar 1, 2022
Christopher Clulow	Mar 3, 2022	4,217 shares, last reported balance as of Mar 1, 2022
Melina Kennedy	Mar 3, 2022	1,472 shares, last reported balance as of Mar 1, 2022
John Brockhaus	Mar 3, 2022	3,715 shares, last reported balance as of Mar 1, 2022
Alexis Herman	Feb 28, 2022	32,932 shares, last reported balance as of Feb 25, 2022
Marya Rose	Mar 3, 2021	23,941 shares, last reported balance as of Mar 1, 2021
Thaddeus Ewald	Mar 3, 2021	12,657 shares, last reported balance as of Mar 1, 2021
Peter Anderson	Mar 3, 2021	2,492 shares, last reported balance as of Mar 1, 2021
Mark Osowick	Feb 17, 2021	9,686 shares, last reported balance as of Feb 17, 2021
Steven Chapman	Mar 3, 2020	35,991 shares, last reported balance as of Mar 1, 2020
Richard Freeland	Apr 8, 2019	29,303 shares, last reported balance as of Apr 4, 2019
Pat Ward	Mar 5, 2019	46,465 shares, last reported balance as of Mar 1, 2019
Anant Talaulicar	May 30, 2017	15,804 shares, last reported balance as of May 30, 2017
Marsha Hunt	Mar 8, 2017	3,493 shares, last reported balance as of Mar 6, 2017
Lisa Yoder	Apr 6, 2016	9,491 shares, last reported balance as of Apr 4, 2016
Dave Crompton	Apr 6, 2016	5,753 shares, last reported balance as of Apr 4, 2016
Antonio Leitao	Mar 8, 2016	3,276 shares, last reported balance as of Mar 4, 2016
John Wall	May 7, 2015	19,040 shares, last reported balance as of May 6, 2015
Mark Levett	Apr 6, 2015	22,325 shares, last reported balance as of Apr 2, 2015
Richard Harris	Mar 10, 2015	12,124 shares, last reported balance as of Mar 6, 2015
Pamela Carter	Mar 10, 2015	28,539 shares, last reported balance as of Mar 6, 2015
Carl Ware	May 22, 2013	14,237 shares, last reported balance as of May 20, 2013
Jean Blackwell	Mar 11, 2013	13,174 shares, last reported balance as of Mar 7, 2013
Mark Gerstle	Mar 11, 2013	22,278 shares, last reported balance as of Mar 7, 2013
Theodore Solso	May 3, 2011	507,570 shares, last reported balance as of May 2, 2011
James Kelly	Aug 6, 2010	19,559 shares, last reported balance as of Aug 4, 2010
Robert Darnall	Jan 19, 2010	24,792 shares, last reported balance as of Dec 1, 2009
Joe Loughrey	Mar 4, 2009	413,716 shares, last reported balance as of Mar 2, 2009
Lawrence Wilson	Mar 4, 2009	71,233 shares, last reported balance as of Mar 2, 2009
Lawrence Wilson	Mar 4, 2009	16,000 shares, last reported balance as of Nov 30, 2007
John Deutch	May 23, 2008	42,963 shares, last reported balance as of May 23, 2008
Rick Mills	May 7, 2008	120,647 shares, last reported balance as of May 5, 2008
William Ruckelshaus	Mar 2, 2005	106,100 shares, last reported balance as of Mar 1, 2005
Susan Carter	Apr 7, 2004	40,000 shares, last reported balance as of Apr 5, 2004
Franklin Thomas	Mar 2, 2004	55,949 shares, last reported balance as of Mar 1, 2004
Walter Elisha	Mar 2, 2004	58,901 shares, last reported balance as of Mar 1, 2004

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Cummins insiders sold $37.8M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the Cummins CEO selling stock?

Why are Cummins insiders selling?

Are any Cummins insiders buying?

How much of their stake did Cummins insiders sell?

The evidence

No plan disclosed · $28.1M

Taxes

Sales by month