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.