Boakye Marvin 4

What Happened

• Marvin Boakye, Vice President and Chief Human Resources Officer at Cummins Inc., was granted 7,056 shares as an award (performance/earned shares) on March 1, 2026. Concurrently, 2,735 shares were withheld to satisfy tax liabilities at an implied value of $583.87 per share, totaling about $1,596,884 (disposition via withholding).

Key Details

• Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely).
• Award: 7,056 shares acquired at $0.00 per share (code A).
• Tax withholding: 2,735 shares withheld/disposed at $583.87 per share, total ~$1,596,884 (code F). Footnote: shares withheld to satisfy tax liabilities related to earned performance shares.
• Shares owned after the transaction: not specified in the information provided.
• Filing timeliness: filed promptly (no late filing indicated).

Context

• This was a compensation-related award of earned/performance shares, not an open-market purchase or a voluntary sale. The withholding of 2,735 shares is a routine tax-withholding mechanism (common with equity awards) and does not by itself signal a deliberate sell decision by the insider.