CMICummins
Deals with insiders in the proxy filed 2026-04-02
Deals between CMI and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-31.
Nothing new: every deal in this year's section was reported last year too.
The whole section
7 paragraphs quoted as filed
RELATED-PARTY TRANSACTIONS“Our company, together with our subsidiaries and affiliates, is a global company with extensive operations in the U.S. and many foreign countries. We have thousands of employees with widespread authority to purchase goods and services. Because of these far-reaching activities, we encounter transactions and business arrangements with persons, businesses and other organizations in which one of our directors, executive officers or nominees for director, significant investors or their immediate families, may also be a director, executive officer, or have some other direct or indirect material interest. Such transactions and arrangements, which we refer to as related-party transactions, have the potential to create actual or perceived conflicts of interest.”
Read it in the proxy ↗
RELATED-PARTY TRANSACTIONS“As a result, the Audit Committee of our Board has established, and our Board has approved, a written policy and procedures for review and approval of any related-party transactions or proposed transactions where the amount involved in any year exceeds or will exceed $120,000. These procedures require that, in deciding whether to approve such a related-party transaction involving a director, director nominee, executive officer, holder of more than five percent of our Common Stock or their immediate family members, the Audit Committee must consider, among other factors:”
Read it in the proxy ↗
RELATED-PARTY TRANSACTIONS“Information about the goods and services to be or being provided by or to the related party;”
Read it in the proxy ↗
RELATED-PARTY TRANSACTIONS“The nature of the transaction and the costs to be incurred by us or payments to us;”
Read it in the proxy ↗
The business advantage we would gain by engaging in the transaction; and“To receive Audit Committee approval, a related party transaction must be on terms that are believed to be fair and reasonable to us. Our policy requires that there be a business or corporate interest supporting the transaction and that the transaction be in the best interest of us and our shareholders.”
Read it in the proxy ↗
The business advantage we would gain by engaging in the transaction; and“Based on information known to us, except for the transaction described below, we believe there were no transactions during 2025 in which we were or are to be a participant in which the amount involved exceeded or will exceed $120,000, and in which any director, director nominee, executive officer, holder of more than five percent of our Common Stock at the time of the transaction or any member of the immediate family of any of the foregoing persons had or will have a direct or indirect material interest.”
Read it in the proxy ↗
The business advantage we would gain by engaging in the transaction; and“In 2025, Derren Bush, our Manufacturing Engineering Director, Supply Chain Aftermarket, received $198,722 of compensation from us in his capacity as an employee. Included in this compensation was a $29,785 bonus award and the vesting of restricted stock valued at $3,462. Derren Bush is the spouse of Jenny Bush, our Vice President and President - Power Systems.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗