In 2023, Jennifer Rumsey earned $6.90M in total compensation at Cummins, including $1.50M salary, $2.23M bonus and $2.58M in stock. Most recently sold 1 shares in Jan 2025. Currently holds stock worth $11.68M. Has donated $4.88M in stock to charitable causes. 3+ years at the helm of Cummins.
Compensation History
Annual executive compensation data for Jennifer Rumsey, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$6.90M
Salary
$1.50M
Bonus
$2.23M
Other
$583.16K
Salary
$1.50MBoard Justification
The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, targeting median market compensation levels.
Bonus
$2.23MBoard Justification
The annual bonus for 2023 was calculated based on a performance factor of 170% due to the company's financial performance, but was reduced by 50% in light of regulatory issues.
Other Compensation
$583.16KBoard Justification
Other compensation includes various benefits and perks as detailed in the proxy statement.
Restricted Stock
Board Justification
Performance shares earned for the 2021-2023 cycle, valued at $2,583,762 based on a stock price of $239.57 on December 29, 2023.
Performance Metrics
The performance metrics for 2023 included EBITDA and Operating Cash Flow, with a payout factor of 170% based on actual performance.
Jennifer Rumsey
CEO of Cummins
Education
Bachelor's degree in Mechanical Engineering from Purdue University; M.S. in Mechanical Engineering from the University of Michigan
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Industrials
Born
January 1, 1976 - 49 years ago
CEO of Cummins for
3 years 4 months (Aug 2022 - Present)
Previous Experience
Vice President and President - Components Group
Other Cummins CEOs
Holdings
Track Jennifer Rumsey's stock holdings and portfolio value over time.
Total Stock Sold
$370.17K
$370.17K
1,514.237 CMI shares
What if they kept their stock?
If Jennifer Rumsey didn't sell their stock, today they would have:
Extra CMI1,514.237 shares worth $773.38K.
This is 108.93% and $403.21K more than what they got when they sold the stock.
Charitable Transactions
9,555 shares
CMI
Recent Charitable Transactions
2,052 shares
CMI
May 4, 2022
Charity
4,673 shares
CMI
Mar 31, 2022
Charity
1,725 shares
CMI
Dec 31, 2019
Charity
580 shares
CMI
Dec 31, 2018
Charity
262 shares
CMI
Mar 1, 2018
Charity
263 shares
CMI
Dec 31, 2017
Charity
Insider Trading
Jennifer Rumsey's recent stock transactions, purchases, and sales filed with the SEC.
$375.35
CMI at $348.84/share
Jan 27, 2025
Sale
10,228 shares
CMI
Nov 30, 2024
Received
$24.97K
HI at $42.54/share
May 3, 2024
Purchase
10,785 shares
CMI
Mar 1, 2024
Received
$197.25K
CMI at $266.91/share
Feb 16, 2024
Sale
$355.65
CMI at $164.60/share
Nov 22, 2023
Sale
2,556 shares
CMI
Mar 1, 2023
Received
2,052 shares
CMI
May 4, 2022
Charity
2,052 shares
CMI
May 4, 2022
Charity
$87.53K
CMI at $208.41/share
Mar 31, 2022
Sale
Rivals
Compare Jennifer Rumsey with competitor CEOs and industry peers.
Mary T. Barra
CEO of General Motors
2023 Compensation
Stock
$18.22M
Salary
$2.10M
Bonus
$4.20M
Other
$567.98K
Total Holdings
$4.10M
R. Preston Feight
CEO of Paccar
2023 Compensation
Stock
$0.00
Salary
$1.54M
Bonus
$3.49M
Other
$21.36K
Total Holdings
$4.03M
Elon Musk
Founder and CEO of Tesla, Inc.
2024 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$171.47B
David S. Graziosi
CEO of Allison Transmission Holdings
2023 Compensation
Stock
$0.00
Salary
$1.04M
Bonus
$0.00
Other
$107.88K
Total Holdings
$228.12K
John C. Pfeifer
CEO of Oshkosh
2023 Compensation
Stock
$3.37M
Salary
$1.09M
Bonus
$0.00
Other
$123.82K
Total Holdings
$451.28K
Nicholas Fanandakis
CEO of ITT
2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$158.98K
Total Holdings
$3.19M