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...

Number of Employees

75.5K

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.

SEC Filing

From April 1, 2024

N. Thomas Linebarger

Ex-CEO of Cummins

NT

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

Born

March 3, 1963 - 61 years ago

Is Founder?

No

Tenure

11 years 6 months (Jan 2012 - Jul 2023)

Previous Experience

President and Chief Operating Officer of Cummins Inc.