CMI · Cummins Inc

$631.26 -0.35 (-0.06%) At close · Aug 14

Market Cap

$86.90B

137.66M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
J. W. Rumsey	Chair and Chief Executive Officer	$1,533,750	$0	$6,429,004	—	$6,975,656	$114,184	$19,905,532
M. A. Smith	Vice President and Chief Financial Officer	$896,500	$0	$2,236,541	—	$2,287,193	$36,732	$7,606,897
A.R. Davis	Vice President and President – Accelera and Components	$741,500	$0	$2,715,036	—	$667,350	$45,030	$6,424,660
J. M. Bush	Vice President and President – Power Systems	$679,250	$0	$2,549,470	—	$1,187,325	$30,167	$5,751,445
B. J. Fetch	Executive Vice President and President – Operations	$642,292	$0	$2,493,346	—	$844,117	$17,369	$4,512,419

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
J. W. Rumsey	Chair and Chief Executive Officer	$1,500,000	$0	$10,607,720	$0	$7,837,500	$93,320	$21,857,109
M. A. Smith	Vice President and Chief Financial Officer	$862,750	$0	$4,164,137	$0	$2,479,175	$34,057	$9,040,556
S. Padmanabhan	Executive Vice President and President – Operations	$820,000	$0	$4,834,305	$0	$2,069,000	$53,390	$8,357,057
A.R. Davis	Vice President and President – Accelera and Components	$725,000	$0	$4,210,827	$0	$1,690,000	$50,742	$7,968,273
J. M. Bush	Vice President and President – Power Systems	$650,000	$0	$3,410,366	$0	$1,444,500	$28,983	$6,236,056

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
J. W. Rumsey	Chair and Chief Executive Officer	$1,500,000	$0	$6,186,989	$0	$3,266,250	$58,158	$12,846,068
M. A. Smith	Vice President and Chief Financial Officer	$805,000	$0	$1,953,902	$0	$2,268,500	$32,099	$6,608,947
L.L. Satterthwaite	Senior Vice President	$740,000	$0	$1,498,066	$0	$2,230,100	$31,279	$4,761,837
N. T. Linebarger	Executive Chairman	$670,833	$0	$0	$0	$3,487,500	$53,051	$4,242,697
S. R. Barner	Vice President and Chief Administrative Officer	$715,000	$0	$1,042,229	$0	$1,890,500	$51,010	$4,103,975
M. Boakye	Chief Human Resources Officer	$625,000	$500,000	$975,845	$0	$1,600,000	$74,855	$3,775,700

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
N. T. Linebarger	Executive Chairman	$1,397,917	$0	$5,024,835	$0	$4,850,425	$223,106	$11,521,051
J. W. Rumsey	Chair and Chief Executive Officer	$1,062,833	$0	$4,478,567	$0	$1,532,908	$59,103	$7,133,411
L.L. Satterthwaite	Senior Vice President	$740,000	$0	$1,284,831	$0	$1,339,900	$41,665	$3,406,396
S. R. Barner	Vice President and Chief Administrative Officer	$695,000	$750,000	$837,775	$0	$1,039,100	$32,986	$3,354,861
M. A. Smith	Vice President and Chief Financial Officer	$735,000	$0	$1,255,754	$0	$1,251,600	$29,814	$3,272,168
T. A. Embree	Vice President and President – Distribution	$670,000	$0	$1,282,098	$0	$882,900	$26,852	$2,861,850

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
N. T. Linebarger	Executive Chairman	$1,575,000	$0	$6,879,016	$0	$6,225,300	$501,267	$15,645,919
L.L. Satterthwaite	Senior Vice President	$740,000	$0	$5,234,931	$0	$1,651,000	$50,511	$7,919,347
S. Padmanabhan	Vice President and President – Engine Business	$647,000	$0	$2,305,311	$0	$1,162,890	$43,707	$5,088,046
M. A. Smith	Vice President and Chief Financial Officer	$710,000	$0	$1,529,756	$0	$1,522,150	$28,258	$5,027,346
J. W. Rumsey	Chair and Chief Executive Officer	$716,667	$0	$1,757,020	$0	$1,277,983	$25,829	$4,205,331

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
N. T. Linebarger	Executive Chairman	$1,214,063	$0	$2,567,468	$2,431,255	$5,253,600	$368,514	$17,291,581
L.L. Satterthwaite	Senior Vice President	$655,208	$0	$655,684	$621,248	$1,106,500	$71,018	$4,607,396
S. Padmanabhan	Vice President and President – Engine Business	$540,104	$0	$428,330	$405,294	$925,500	$27,072	$4,423,625
M. A. Smith	Vice President and Chief Financial Officer	$628,646	$0	$570,269	$540,138	$816,550	$27,407	$4,000,098

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
N. T. Linebarger	Chairman and Chief Executive Officer	$1,542,500	$0	$3,226,013	$3,074,163	$7,793,200	$75,273	$25,116,751
L.L. Satterthwaite	Vice Chairman	$634,500	$0	$817,878	$745,511	$1,516,330	$30,324	$5,768,010
M. A. Smith	Vice President and Chief Financial Officer	$658,333	$0	$705,644	$672,346	$801,250	$60,662	$4,370,729

Executive changes

Person	Role	Change	Effective	Filed
Matthew Tsien	director	Appointed	2025-07-14	2025-07-14
Sharon R. Barner	Chief Administrative Officer	Retired	2025-05-31	2025-03-18
Tony Satterthwaite	Senior Vice President	Retired	2024-09-15	2024-05-30
John H. Stone	director	Appointed	2024-02-12	2024-02-12
Daniel W. Fisher	director	Appointed	2023-10-09	2023-10-10
Tracy A. Embree	Vice President and President – Distribution Business	Resigned	2023-09-08	2023-08-29
N. Thomas Linebarger	Executive Chairperson	Retired	2023-07-31	2023-07-12
Jennifer Rumsey	Chairperson of the Board	Appointed	2023-08-01	2023-07-12
Franklin R. Chang Diaz	Board of Directors	Resigned	2022-11-15	2022-11-15
Jennifer Rumsey	President and Chief Executive Officer	Appointed	2022-08-01	2022-07-14
Tom Linebarger	Executive Chairman	Appointed	2022-08-01	2022-07-14
Gary L. Belske	director	Appointed	2022-07-11	2022-07-11

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