Epley Kyle Joseph 4

What Happened

• Kyle Joseph Epley, Chief Financial Officer of Caterpillar Inc. (CAT), received a grant of 6 phantom stock units on 2026-06-26. The units were valued at $997.47 each for a total value of $5,985. This was an award/grant (derivative) — not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-06-26; 6 phantom units @ $997.47 each; total $5,985.
• Transaction type: Award/Grant of derivative units (Form 4 code A).
• Shares/units owned after transaction: Not specified in the supplied summary of the filing.
• Settlement: These are phantom stock units (derivative), meaning economic exposure rather than immediate company stock ownership.
• Filing: Report filed with accession 0001104659-26-078798 on 2026-06-29 (reports the 2026-06-26 transaction).

Context

• The phantom units are generally the economic equivalent of one share each but are part of a non‑qualified deferred compensation plan and are to be settled 100% in cash upon retirement or separation from service. They include accrued dividend adjustments and represent interests in an unfunded unitized stock-and-cash fund, so the economic/share-equivalent count can change over time. This grant does not reflect an immediate buy or sale of Caterpillar common stock.