Kaiser Jason 4

What Happened Jason Kaiser, Group President of Caterpillar Inc. (CAT), had 368 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units. The withholding was recorded as a disposition at a price of $738.42 per share, for a total value of $271,739, on March 4, 2026. This was a tax-withholding event tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date: March 4, 2026; Filing date: March 6, 2026 (timely Form 4 filing).
• Shares withheld/disposed: 368 at $738.42 per share; total value reported $271,739.
• Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs.
• Footnote F1: Withholding relates to tax obligation from RSUs granted March 4, 2024.
• Footnote F2: Some information is based on a 401(k) plan statement as of Feb 28, 2026.
• Shares owned after transaction: Not specified in this filing.

Context Tax-withholding by an employer when RSUs vest is a routine administrative transaction: shares are retained (or sold to cover taxes) to meet withholding obligations and do not necessarily indicate a decision to liquidate holdings. This is distinct from an open-market sale and should be interpreted as fulfilling tax requirements rather than a directional insider trade.