N. Thomas Linebarger is the CEO of Cummins Inc., a company known for its advanced engine technology and a commitment to sustainability. He took on the role of CEO in January 2012 after spending years climbing the ranks within the...

N. Thomas Linebarger is the CEO of Cummins Inc., a company known for its advanced engine technology and a commitment to sustainability. He took on the role of CEO in January 2012 after spending years climbing the ranks within the company, showcasing his depth of experience. Linebarger has a strong educational background with multiple degrees from Stanford University, including an MBA. One interesting fact about him is that he served as the Chief Financial Officer of Cummins from 2000 to 2003, giving him critical insights into the company's financial health. Under his leadership, Cummins has focused on aligning executive compensation closely with company performance, reflecting a philosophy that connects rewards with achievements. Linebarger also has significant experience in overseeing complex operations at a global scale, especially in the realms of engineering and environmental management. Despite regulatory challenges leading to changes in his compensation in recent years, his strategic vision has kept the company on a steady path, emphasizing the need for compliance and quality in a changing industry landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Cummins CEOs

C

N. Thomas Linebarger

Ex-CEO of Cummins

Education

B.S. from Stanford University; B.A. from Claremont McKenna College; M.S. and M.B.A. from Stanford University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

March 3, 1963 - 62 years ago

CEO of Cummins for

11 years 6 months (Jan 2012 - Jul 2023)

Previous Experience

President and Chief Operating Officer of Cummins Inc.

Rivals

Competitors/colleagues of N. Thomas Linebarger

G

Mary T. Barra

CEO of General Motors

2023 Compensation

Stock

$18.22M

Salary

$2.10M

Bonus

$4.20M

Other

$567.98K

Total Holdings

$56.23M

P

R. Preston Feight

CEO of Paccar

2023 Compensation

Stock

$0.00

Salary

$1.54M

Bonus

$3.49M

Other

$21.36K

Total Holdings

$40.12M

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

A

David S. Graziosi

CEO of Allison Transmission Holdings

2023 Compensation

Stock

$0.00

Salary

$1.04M

Bonus

$0.00

Other

$107.88K

Total Holdings

$77.16K

O

John C. Pfeifer

CEO of Oshkosh

2023 Compensation

Stock

$3.37M

Salary

$1.09M

Bonus

$0.00

Other

$123.82K

Total Holdings

$7.96M

I

Nicholas Fanandakis

CEO of ITT

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$158.98K

Total Holdings

$1.45M

Holdings

See how much did N. Thomas Linebarger make over time.

N. Thomas Linebarger’s management of his holdings reflects a strategic mindset that aligns with Cummins' focus on sustainability. In 2019, his wealth fluctuated significantly, starting around $31.77 million in September, peaking at around $66.22 million in December 2020, before stabilizing...

N. Thomas Linebarger’s management of his holdings reflects a strategic mindset that aligns with Cummins' focus on sustainability. In 2019, his wealth fluctuated significantly, starting around $31.77 million in September, peaking at around $66.22 million in December 2020, before stabilizing around $62-$78 million in 2023. This pattern suggests a strong belief in Cummins' growth potential, especially within the clean energy sector. His recent retirement plan indicates he was preparing for a transition from his leadership role, which aligns with his long-term strategy. Although volatility is inherent in his holdings, his focus remains clear on the importance of sustainability and operational excellence in his investments.

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Total Stock Sold

$44.21M

CMI

$44.21M

235,916 CMI shares

What if they kept their stock?

If N. Thomas Linebarger didn't sell their stock, today they would have:
Extra CMI235,916 shares worth $34.41M.
This is -22.17% and $9.80M less than what they got when they sold the stock.

Charitable Transactions

CMI

308,010 shares

CMI

Recent Charitable Transactions

CMI

20,051 shares

CMI

Nov 22, 2022

Charity

CMI

24,935 shares

CMI

Nov 11, 2022

Charity

CMI

9,637 shares

CMI

Dec 31, 2021

Charity

CMI

56,107 shares

CMI

Dec 31, 2020

Charity

CMI

12,950 shares

CMI

Dec 31, 2019

Charity

CMI

61,871 shares

CMI

Dec 17, 2018

Charity

Insider Trading

See recent insider trades of N. Thomas Linebarger.

CMI

18,396 shares

CMI

Mar 1, 2023

Received

CMI

20,051 shares

CMI

Nov 22, 2022

Charity

CMI

$13.71M

CMI at $250.21/share

Nov 14, 2022

Sale

CMI

$1.32M

CMI at $250.03/share

Nov 11, 2022

Sale

CMI

24,935 shares

CMI

Nov 11, 2022

Charity

CMI

24,935 shares

CMI

Nov 11, 2022

Charity

CMI

$7.78M

CMI at $207.52/share

Mar 31, 2022

Sale

CMI

19,503 shares

CMI

Mar 1, 2022

Received

CMI

9,637 shares

CMI

Dec 31, 2021

Charity

CMI

9,637 shares

CMI

Dec 31, 2021

Charity

Compensation History

See how much did N. Thomas Linebarger make over time.

In 2023, N. Thomas Linebarger’s compensation totaled $421,697, significantly lower than previous years due to a zero bonus from regulatory issues related to emissions. While he had a base salary of $670,833, he did not receive any stock grants, reflecting his planned retirement. This indicates a strategic pivot in executive compensation to align with regulatory compliance and overall company performance. In past years, Linebarger earned over $15 million in 2021, with bonuses significantly impacted by performance metrics related to company goals. His compensation structure focuses heavily on retaining skilled executives and tying pay to firm performance, especially in light of sustainability and operational challenges.

Year

2023

Total Compensation

$4.16M

Salary

$670.83K

Board Justification

The compensation philosophy emphasizes alignment with company performance and shareholder interests, focusing on retention and competitive market positioning.

Bonus

$0.00

Board Justification

The annual bonus for 2023 was reduced to $0 due to regulatory issues regarding emissions certification and compliance processes.

Other

$3.49M

Board Justification

This includes performance cash for the 2021-2023 cycle, reflecting pro-rated awards due to retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No long-term incentive was provided to Mr. Linebarger in 2023 given his planned retirement later in the year.

Performance Metrics

The performance metrics for determining compensation included overall company performance, with specific focus on regulatory compliance and operational performance.

Other Cummins CEOs

Here are other CEOs of Cummins

Theodore M. Solso

Ex-CEO of Cummins

January 2000 - December 2011

Jennifer Rumsey

CEO of Cummins

August 2022 - Present