Epley Kyle Joseph 4

What Happened

• Kyle Joseph Epley, Chief Financial Officer of Caterpillar Inc. (CAT), was reported as receiving awards on May 8, 2026. The Form 4 shows two acquisitions: 515 shares (reported at $0.00) and 1,394 derivative award units (reported at $0.00). The filing lists $0 cash paid for these grants.

Key Details

• Transaction date: May 8, 2026; reported on Form 4 filed May 12, 2026 (filed four days after the transaction).
• Reported price: $0.00 for both the 515 shares and the 1,394 derivative units.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 notes the 515-share entry is based on a 401(k) plan statement dated April 30, 2026. F2 indicates the derivative awards are stock option grants under the Caterpillar 2023 Long-Term Incentive Plan that vest in three equal installments (1/3 on first anniversary of grant, 1/3 on March 2, 2028, and 1/3 on March 2, 2029).
• Timeliness: The Form 4 was filed May 12 for a May 8 transaction, which is later than the usual two-business-day Form 4 filing deadline.

Context

• These entries are grants/awards (transaction code A). The 515 shares tied to a 401(k) statement likely reflect plan-related contributions or credits; the 1,394-unit entry appears to be option/award grants with multi-year vesting, not immediate open-market purchases or sales. Such compensation-related awards are routine parts of executive pay and do not by themselves indicate near-term buying or selling of stock.