Cummins Inc's Form 4 filing
Atmus Filtration Technologies Inc.ATMU · filed May 31, 2023
- Accession no.
- 0000897069-23-000607
- Filed
- May 31, 2023
- Trade date
- May 30, 2023
- Filing delay
- 1 day
- Rule 10b5-1 plan
- Not checked
This filing lists 1 non-derivative transaction. It was filed 1 day after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Cummins IncCIK 0000026172 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 30, 2023 | Common Stock | SSaleDisposed | −16,243,070 | –F1 | – | 67,054,726 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Cummins Inc. disposed of 16,243,070 shares of Common Stock in exchange for outstanding debt obligations of Cummins Inc. as a result of the closing of the initial public offering of Atmus Filtration Technologies Inc. Common Stock on 05/30/2023. The debt obligations were valued at their fair market value, and the fair market value of the debt obligations exchanged equaled $18.38 per share of Common Stock exchanged.
Referenced by the price of 1 transaction in Table I.