Kaiser Jason 4

What Happened
Jason Kaiser, Group President of Caterpillar Inc., received 2,469 performance-based restricted stock units (awarded/vested) on 2026-02-10 (reported on Form 4). To satisfy tax obligations from the vesting, 779 shares were withheld (disposed) at $744.83 per share, reported as $580,223. The award itself shows an acquisition at $0.00 per share (compensation grant).

Key Details

• Transaction date(s): 2026-02-10 (reported 2026-02-12) — filing appears timely.
• Award: 2,469 shares granted/vested at $0.00 (code A).
• Tax withholding: 779 shares withheld/disposed at $744.83 = $580,223 (code F).
• Footnotes:
  • F1: Withheld shares satisfy tax obligations from vesting of performance-based RSUs granted March 6, 2023.
  • F2: Includes adjustments for dividends accrued.
  • F3: Report information is based on a 401(k) plan statement dated January 31, 2026.
• Shares owned after the transaction: not specified in the filing (report references 401(k) statement for underlying holdings).

Context
This was a compensation vesting event (performance-based RSUs) rather than an open-market sale or purchase. The withholding of shares to cover taxes is routine (cashless tax withholding) and does not necessarily indicate insider sentiment about the stock.