Owens Derek 4

What Happened
Derek Owens, Chief Legal Officer of Caterpillar Inc. (CAT), had 338 shares withheld to satisfy tax obligations arising from the vesting of restricted stock units. The withholding was executed at a per-share value of $738.42, for a total value of approximately $249,586. This is a tax-withholding disposition (routine) rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (no late filing noted).
• Price per share: $738.42; shares withheld/disposed: 338; total value ≈ $249,586.
• Transaction code: F (payment of exercise price or tax liability).
• Footnote: F1 — shares were withheld to satisfy tax obligations from RSUs granted March 4, 2024.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
Withholding shares to cover taxes on vested RSUs is common and procedural. It reduces the insider’s share count but is not an open-market sale signaling a change in sentiment. For retail investors, such tax-withholding transactions are routine and generally not a clear buy/sell indicator.