Cummins (CMI) executive compensation, 2026 proxy

J. W. Rumsey, Chair and Chief Executive Officer, was paid $19.9M in 2025, down 9% from $21.9M the year before. The CEO-to-median-employee pay ratio was 312:1, on median employee pay of $63,834.

Filed
April 2, 2026
Pay year
2025
Named executives
5
CEO total pay
$19.9M-9% vs prior year
CEO to median employee
312:1median $63,834
CEO pay in equity
32%$6.4M in awards
2025 Revenue
$33.7BGenerated across diversified portfolio
2025 EBITDA
$5.4B16.0 percent of sales
Total Shareholder Return
49%In 2025
Dividend Increase Streak
16 YearsConsecutive common stock increases
Shareholder Return Return
$1.1BReturned through dividends

How Rumsey was paid

$19.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards32%Non-equity incentive35%Pension and deferred comp24%All other compensation1%

Named executive officers

ExecutiveTotal
J. W. RumseyChair and Chief Executive Officer$19,905,532
M. A. SmithVice President and Chief Financial Officer$7,606,897
A.R. DavisVice President and President – Accelera and Components$6,424,660
J. M. BushVice President and President – Power Systems$5,751,445
B. J. FetchExecutive Vice President and President – Operations$4,512,419

What changed and why

  • 49%Total shareholder return reached 49% in 2025, exceeding the custom peer group average and S&P 500 return.
  • $19.9MChief executive officer total compensation decreased to $19,905,532 for fiscal year 2025 from $21,857,109 in the prior year.
  • Power Systems and Distribution delivered record revenue and profitability supported by strong backup power demand.
  • Annual bonus outcomes are performance-based, measured by EBITDA and operating cash flow metrics.
  • The ratio of the chief executive officer compensation to our median employee compensation was 312 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.