Caterpillar (CAT) Chief Accounting Officer William Schaupp Sells 972 Shares

What Happened
William E. Schaupp, Chief Accounting Officer of Caterpillar Inc. (CAT), reported an open-market sale of 972 shares on February 17, 2026. The sale generated approximately $742,802 based on a weighted average price of $764.20 per share. The Form 4 was filed on February 18, 2026.

Key Details

• Transaction type: Sale (code S) — open market/private sale reported.
• Transaction date: 2026-02-17; Form 4 filed: 2026-02-18 (timely filing).
• Price: Weighted average $764.20; individual trade prices ranged $764.14–$764.26 (per footnote F1).
• Shares sold: 972; proceeds ≈ $742,802.
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnote F1: Transaction executed in multiple trades; reporting person can provide the trade-by-trade breakdown on request.

Context
This was a straight sale by a company officer. Sales are often routine (tax, diversification, or other personal reasons) and do not necessarily indicate a change in company fundamentals. Because this filing shows a disposition rather than a purchase, it should be interpreted as insider selling activity rather than an insider buying signal.