Creed Joseph E 4
4 · CATERPILLAR INC · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Caterpillar (CAT) CEO Joseph E. Creed Sells Shares
What Happened
Joseph E. Creed, CEO of Caterpillar Inc. (CAT), disposed of a total of 3,196 shares between March 4–5, 2026 for aggregate proceeds of approximately $2.31 million. Transactions include a 696-share disposition on 2026-03-04 to satisfy tax withholding for vested restricted stock units (RSUs) and five open-market sales on 2026-03-05 totaling 2,500 shares at weighted-average prices between about $717 and $721 per share. These were sales and tax-withholding events (not purchases).
Key Details
- Dates: March 4, 2026 (tax-withholding on RSU vesting) and March 5, 2026 (open-market sales). Form 4 filed March 6, 2026 (timely).
- Transactions and proceeds:
- 696 shares withheld for taxes at $738.42 — $513,940 (RSU tax withholding; footnote F1).
- 420 shares sold at $717.01 — $301,144 (executed in multiple trades, prices ranged $716.48–$717.45; F2).
- 800 shares sold at $718.44 — $574,752 (multiple trades, $717.96–$718.81; F3).
- 585 shares sold at $719.39 — $420,843 (multiple trades, $718.99–$719.98; F4).
- 575 shares sold at $720.10 — $414,058 (multiple trades, $720.00–$720.83; F5).
- 120 shares sold at $721.00 — $86,520.
- Total disposed: 3,196 shares for about $2.31 million.
- Shares owned after transaction: not specified in the provided filing.
- Notes: F1 = shares withheld to satisfy tax from RSU vesting (granted Mar 4, 2024). F2–F5 = sales executed in multiple trades (weighted-average prices reported). F6 references a 401(k) plan statement dated Feb 28, 2026. Filing appears timely (filed within two business days).
Context
These transactions are primarily routine sales and a tax-withholding event tied to RSU vesting (not an option exercise followed by purchase). Sales by executives can be for many reasons (taxes, diversification, planned selling) and do not by themselves indicate a change in company outlook. Purchases generally carry more weight as a bullish signal; this filing documents dispositions, not new buys.
Insider Transaction Report
- Sale
Common Stock
[F2]2026-03-05$717.01/sh−420$301,144→ 37,163 total - Tax Payment
Common Stock
[F1]2026-03-04$738.42/sh−696$513,940→ 37,583 total - Sale
Common Stock
[F3]2026-03-05$718.44/sh−800$574,752→ 36,363 total - Sale
Common Stock
[F4]2026-03-05$719.39/sh−585$420,843→ 35,778 total - Sale
Common Stock
[F5]2026-03-05$720.10/sh−575$414,058→ 35,203 total - Sale
Common Stock
2026-03-05$721.00/sh−120$86,520→ 35,083 total
- 11,765(indirect: By 401(k))
Common Stock
[F6]
Footnotes (6)
- [F1]Represents shares withheld from the reporting person to satisfy tax obligation arising from the vesting of restricted stock units granted on March 4, 2024.
- [F2]This transaction was executed in multiple trades at prices ranging from $716.48 to $717.45. 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $717.96 to $718.81. 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.
- [F4]This transaction was executed in multiple trades at prices ranging from $718.99 to $719.98. 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.
- [F5]This transaction was executed in multiple trades at prices ranging from $720.00 to $720.83. 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.
- [F6]The information in this report is based on a 401(k) plan statement dated as of February 28, 2026.