CMI CUMMINS INC Insider Trading

CMI VP & Pres. Power Systems Jennifer Bush sold 5,000 shares on single day for $3.5M, extending pattern of selling after early-month spike.

Jennifer Bush, Vice President and President of Power Systems at Cummins, executed a substantial single-day sale of 5,000 shares worth approximately $3.5M, bringing her open-market sales to ten transactions over the past 36 months. The sale occurred while CMI stock traded near its 52-week highs and benefited from a strong rally over the prior months, presenting a natural exit opportunity. Bush's prior three open-market sales showed conflicting timing results: all three were well-timed in the immediate aftermath (the stock declined in the following month), but the longer-term 90-day period saw all three trades prove poorly-timed as the stock recovered and climbed significantly. Her repeated pattern of selling despite weak long-term outcomes suggests systematic liquidation rather than tactical market timing. Cummins itself is a large, profitable industrial company, but the company faces modest revenue headwinds and trades at a elevated valuation multiple, which may provide context for insider sales during strength.

VP of HR sells 3,481 shares, first open-market sales by this executive in 3 years.

Boakye Marvin, the VP of Human Resources and Chief Human Resources Officer, is unloading shares for the first time in his filing history—a notable shift from his single prior open-market purchase. The timing comes as the stock trades below its 52-week high but has recently rallied, gaining ground over the past quarter despite broader operational headwinds including flat-to-negative revenue growth. While Cummins remains profitable with a substantial valuation, the sheer volume of five separate stock sales executed on the same day by an HR executive suggests a planned liquidation rather than reactive selling. The fact that Marvin's prior purchase was too recent to evaluate leaves this trade without the context of whether his last conviction play succeeded. HR leadership typically lacks the forward visibility that operating executives possess, making this sale primarily a data point on insider activity rather than a high-conviction bearish signal.

VP & Corporate Secretary Nicole Lamb-Hale sold 2,408 shares of CMI for $1.65M total on May 8, 2026.

Nicole Lamb-Hale, Vice President, Chief Administrative Officer, and Corporate Secretary at Cummins, disposed of over 2,400 shares across three separate transactions on the same date, totaling approximately $1.65 million. This represents her first open-market stock dispositions on record—her prior Form 4 activity consisted entirely of stock-based compensation transactions. The sales occurred while the stock was trading slightly below its fifty-two-week high and up substantially over recent months, suggesting she may have sold into strength rather than weakness. Cummins remains a profitable industrial company, though recent fundamentals show a slight revenue decline year-over-year and the stock trades at a relatively elevated valuation multiple. Without visibility into the timing of her vesting schedules, tax planning, or portfolio rebalancing needs, the significance of this transaction is moderate—the sale amount is material enough to flag for attention, but the absence of prior open-market sales limits the ability to assess whether this represents a meaningful change in her position or stance toward the company.

VP Davis sold 4,054 CMI shares (20.4% of holdings) for $2.3M on 2026-03-03; current price $574.06, 52-week high $605.63

Davis Amy Rochelle, VP & President of Accelera and Communications, executed 6 separate sales totaling 4,054 shares for $2,275,690.13 on 2026-03-03, reducing holdings from 19,861 shares to 15,807 shares. The shares sold at blended average price of $561.34, which is below the current price of $574.06 and significantly below the 52-week high of $605.63 where the stock peaked recently. At this ticker, Davis's prior measurable trade in August 2025 resulted in a 90-day return of +19.7% (stock rose after the sale), and that outcome was not well-timed for an insider seller. This multi-transaction filing shows systematic liquidation of a fifth of her CMI position within a single trading session, a material reduction in her stake.

VP Treasury & Tax at CMI sold 4,990 shares across two transactions, reducing holdings 40.9% at blended average of $465.64

JACKSON DONALD G, VP of Treasury & Tax at Cummins Inc, executed two separate sales totaling 4,990 shares for $2,323,561.85, reducing his holdings from 12,203 shares to 7,213 shares (a -40.9% reduction). The sales occurred at $402.17 on 2025-08-13 and $600.13 on 2026-02-24, with a blended average price of $465.64 versus a current price of $594.41. His prior five open-market sales at CMI showed positive 90-day returns averaging +6.0% (3.6%–11.0% range), meaning the stock rose after each prior sale; the insider's same-ticker timing pattern shows 0 of 5 prior CMI sells were well-timed at the 90-day mark. The stock is trading 1.8% below its 52-week high and has gained 4.3% over 30 days and 19.6% over 90 days, but CMI's valuation metrics show a P/E of 49.17 with flat annual revenue growth (-1.3%) and $559.0M net income against $8.3B revenue. This sale does not reflect a reversal of the insider's historical selling pattern at this ticker, where prior liquidations have consistently preceded stock appreciation.

VP Amy Rochelle Davis sells 1,864 shares of Cummins (CMI) for $1,093,504.05; retains 17.8K shares post-sale.

Davis completed 4 separate sales totaling 1,864 shares for $1,093,504.05 at prices ranging from $585.11 to $588.37 on 2026-02-23, reducing her holdings by 9.5%. Against a current price of $600.48, her transaction prices of approximately $586.64 (blended average) sit near the 52-week high of $605.63 and well above the 52-week low of $267.12. Her prior trades at CMI (5 prior sales) showed 0 of 5 well-timed at the 90-day mark, with average 90-day returns of +20.0% to +19.7%—meaning the stock rose materially after each prior sale. Her cross-ticker track record (6 prior sells) likewise shows a 0.00% 90-day well-timed rate with average 90d return of +19.1%, indicating a consistent historical pattern of selling before subsequent gains rather than ahead of declines. The current sale occurs near the stock's 52-week high, but the historical timing pattern offers no signal of forward-looking concern.

VP CIO Newsome Earl sells 1,300 shares (27.7% reduction) for $758,776.10 at CMI.

Newsome Earl, Chief Information Officer at Cummins, executed 2 separate sales on 2026-02-23, divesting 1,300 shares at a blended average price of $583.67 and reducing his post-transaction holdings to 3,389 shares. The sale represents a -27.7% reduction in his prior holdings of 4,689 shares. At a current price of $587.36, the stock is trading -3.0% from its 52-week high of $605.63 and has gained +18.7% over the past 90 days. With CMI's elevated P/E of 48.58 and recent revenue growth of -1.3% year-over-year, the timing of this material reduction in executive holdings warrants investor attention to whether the CIO's portfolio adjustment reflects a broader internal reassessment of the company's valuation.

VP & Pres. of Power Systems Jennifer Bush sells 4,270 CMI shares for $2,497,657.92 across 3 transactions at average $584.93

Jennifer Bush, VP & President of Power Systems at Cummins, executed 3 separate sales totaling 4,270 shares for $2,497,657.92 on February 10, 2026, reducing her holdings by 23.6% from 18,112 to 13,842 shares. The transactions occurred at prices ($586.19, $584.01, $585.06) very close to the blended average of $584.93 and near the current price of $587.36, with all sale prices within the 52-week range of $267.12–$605.63. The sale represents a material reduction in her direct ownership stake in the company where she holds a senior operational role in a core business segment, though the magnitude and absence of unusual price timing relative to recent trading patterns and fundamentals do not alone signal acute strategic repositioning.

Director William I Miller sold 18,107 shares of Cummins (CMI) for $10.8M across 9 separate transactions on 2026-02-11

Director William I Miller executed 9 separate sales totaling 18,107 shares for $10,811,645.57 on 2026-02-11, reducing his holdings from 52,349 shares to 34,242 shares (-34.6% of pre-transaction holdings). The sales occurred at prices ranging from $591.41 to $604.15 per share with a blended average of $597.10, slightly below the current price of $601.01. The stock has appreciated 29.9% over the prior 90 days and 6.3% over the prior 30 days, trading near its 52-week high of $605.63. This large, concentrated liquidation of more than one-third of director holdings warrants tracking, though absent additional context (such as scheduled plan documentation), the motivation remains undisclosed.

Cummins CEO Jennifer Rumsey sells 4,570 shares for $2,165,656.77; retains 21,346 shares post-sale

CEO Jennifer Rumsey executed 2 separate sales on 2025-11-11, disposing of 4,570 shares at a blended average price of $473.89, reducing her holdings by 17.6% from 25,916 to 21,346 shares. The stock currently trades at $467.49, near its 52-week range ($267.12–$484.34) and up 12.2% over the past 30 days and 17.0% over 90 days. Her cross-ticker track record shows 1 prior buy with an average 90-day return of -2.2%, indicating prior transactions at this scale have not preceded sustained gains. The sale occurs while the company reports $8.3B in quarterly revenue and $559.0M net income, with a P/E of 23.20 and flat annual revenue growth at +0.1%.