Epley Kyle Joseph 4
4 · CATERPILLAR INC · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Caterpillar (CAT) CFO Kyle Epley Receives Phantom Stock Award
What Happened
Kyle Epley, Chief Financial Officer of Caterpillar Inc., received a grant of 6 phantom stock units on 2026-05-26. The units are valued at $908.55 each, for a total reported value of $5,451. This transaction is reported as an award (code A) under the company’s non‑qualified deferred compensation plan, and the units are derivative (cash‑settled) rather than an open‑market purchase of common stock.
Key Details
- Transaction date: 2026-05-26 (reported on 2026-05-27).
- Grant: 6 phantom stock units at $908.55 per unit; total value $5,451.
- Transaction type: Award / grant (derivative cash‑settled units).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1: Each phantom stock unit is generally the economic equivalent of one share of Caterpillar common stock.
- F2: Units are to be settled 100% in cash upon the reporting person’s retirement or separation from service.
- F3: Unit counts can change due to dividend accruals and the mix of stock vs. cash in the unit fund.
- Timeliness: Filing appears timely (transaction 5/26, filed 5/27).
Context
Phantom stock units are derivative, cash‑settled awards that typically mirror the economic value of shares but do not confer voting rights or immediate stock ownership. Such grants are common as part of executive compensation and do not represent an open‑market purchase (which some investors consider a stronger direct bullish signal). The dollar value here is modest relative to typical executive compensation packages.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-05-26$908.55/sh+6$5,451→ 5,711 total→ Common Stock (6 underlying)
Footnotes (3)
- [F1]Each phantom stock unit under the company's non-qualified deferred compensation plan as reported is generally the economic equivalent of one share of Caterpillar Inc. common stock.
- [F2]The phantom stock units are to be settled for 100% in cash upon the reporting person's retirement or separation from service.
- [F3]Includes adjustments for dividends accrued. Moreover, phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash, and therefore the number of phantom stock units the reporting person is deemed to own may change between any given dates due to differences in the percentages of cash and stock in the unitized fund on those dates.