Sundar PichaiSundar Pichai earned $164M in 2023

Jennifer Rumsey is the President and CEO of Cummins Inc., a major player in the engines and power systems industry. With a solid educational foundation, she holds a Bachelor's and a Master's degree in Mechanical Engineering from Purdue University and...

Quick Links
C

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

2 years 8 months (Aug 2022 - Present)

Previous Experience

Vice President and President - Components Group

Holdings

See how much did Jennifer Rumsey make over time.

Jennifer Rumsey has been actively involved in trading Cummins Inc. stock over the years. In 2023, her holdings showed notable activity with values reaching as high as $4.17 million in July and fluctuating throughout the year. On other occasions, she...

Total Stock Sold

$370.17K

CMI

$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 $228.20K.
This is -38.35% and $141.97K less than what they got when they sold the stock.

Charitable Transactions

CMI

9,555 shares

CMI

Recent Charitable Transactions

CMI

2,052 shares

CMI

May 4, 2022

Charity

CMI

4,673 shares

CMI

Mar 31, 2022

Charity

CMI

1,725 shares

CMI

Dec 31, 2019

Charity

CMI

580 shares

CMI

Dec 31, 2018

Charity

CMI

262 shares

CMI

Mar 1, 2018

Charity

CMI

263 shares

CMI

Dec 31, 2017

Charity

Insider Trading

See recent insider trades of Jennifer Rumsey.

CMI

$375.35

CMI at $348.84/share

Jan 27, 2025

Sale

CMI

10,228 shares

CMI

Nov 30, 2024

Received

CMI

10,785 shares

CMI

Mar 1, 2024

Received

CMI

$197.25K

CMI at $266.91/share

Feb 16, 2024

Sale

CMI

$355.65

CMI at $164.60/share

Nov 22, 2023

Sale

CMI

2,556 shares

CMI

Mar 1, 2023

Received

CMI

2,052 shares

CMI

May 4, 2022

Charity

CMI

2,052 shares

CMI

May 4, 2022

Charity

CMI

$87.53K

CMI at $208.41/share

Mar 31, 2022

Sale

CMI

2,682 shares

CMI

Mar 1, 2022

Received

Compensation History

See how much did Jennifer Rumsey make over time.

In 2023, Jennifer Rumsey's total compensation at Cummins Inc. reached approximately $12.8 million, which included a base salary of $1.5 million and a bonus of $2.2 million, influenced by the company's strong performance. Her compensation structure emphasizes performance; in 2022, she received a total of about $3.3 million, showing a significant boost in her earnings as CEO. Notably, Jennifer's stock awards added more than $2.5 million to her compensation. The way her earnings are arranged links directly to her leadership results and the health of the company’s operations. Such a pay structure seeks to align her interests with those of Cummins' shareholders, growing both the company and her rewards as she navigates it through the challenges of the energy sector.

Year

2023

Total Compensation

$6.90M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, targeting median market compensation levels.

Bonus

$2.23M

Board 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

$583.16K

Board Justification

Other compensation includes various benefits and perks as detailed in the proxy statement.

Restricted Stock

$2.58M(10.79K Performance shares)

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.

Other Cummins CEOs

Here are other CEOs of Cummins