Fassino Anthony D. 4
4 · CATERPILLAR INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Caterpillar (CAT) Group President Fassino Exercises Options, Sells Shares
What Happened
Anthony D. Fassino, Group President of Caterpillar Inc. (CAT), exercised 11,000 stock options on Feb 13, 2026 at a strike price of $219.76 (exercise cost $2,417,360). All 11,000 shares from the exercise were disposed: 3,109 shares were withheld to cover taxes/exercise-related obligations (reported at $777.41 per share, value $2,416,968) and 7,891 shares were sold in the open market at a weighted average price of $776.90, generating $6,130,518 in gross proceeds. Net cash flows after exercise cost are not shown on the form; there were no shares retained from this exercise.
Key Details
- Transaction date: February 13, 2026; Form 4 filed February 17, 2026 (appears timely).
- Option exercise: 11,000 shares at $219.76 ($2,417,360).
- Tax/withholding: 3,109 shares withheld at $777.41 ($2,416,968).
- Open-market sale: 7,891 shares at a weighted avg $776.90 ($6,130,518). Footnote reports sale prices ranged $776.69–$777.13 (weighted avg reported).
- Footnotes: F1 = sale executed in multiple trades (price range above); F2 = filing references a 401(k) plan statement dated Jan 31, 2026; F3 = options were granted under the 2014 LTIP on Mar 1, 2021 and vest in 1/3 increments annually.
- Shares owned after the transaction are not specified in the excerpt provided.
Context
This was an option exercise followed by immediate dispositions (a common "cashless exercise" pattern): the exercised shares funded taxes/withholding and generated proceeds via open-market sales. Such transactions are typically routine compensation-related liquidity events rather than explicit signals of insider confidence; purchases tend to be more indicative of bullish insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-13$219.76/sh+11,000$2,417,360→ 57,643 total - Tax Payment
Common Stock
2026-02-13$777.41/sh−3,109$2,416,968→ 54,534 total - Sale
Common Stock
[F1]2026-02-13$776.90/sh−7,891$6,130,518→ 46,643 total - Exercise/Conversion
Employee Stock Options
[F3]2026-02-13$219.76/sh−11,000$2,417,360→ 33,403 totalExercise: $219.76Exp: 2031-03-01→ Common Stock (11,000 underlying)
- 1,502(indirect: By 401(k))
Common Stock
[F2]
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $776.69 to $777.13. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F2]The information in this report is based on a 401(k) plan statement dated as of January 31, 2026.
- [F3]The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments in the first, second and third anniversaries of the grant date.