Kaiser Jason 4

4 · CATERPILLAR INC · Filed Jun 29, 2026

AI-generated summary of this filing

Updated Jun 29, 2026

Caterpillar (CAT) Group President Jason Kaiser Receives Award

What Happened

Jason Kaiser, Group President of Caterpillar Inc., was granted 5 phantom stock units on 2026-06-26. The units are reported as a derivative award (code A) at a price per share of $997.47, for a total reported value of $4,987. These are not open-market stock purchases but deferred compensation awards.

Key Details

Transaction date and filing: Award granted 2026-06-26; Form 4 filed 2026-06-29 (timely filing).
Amounts and price: 5 phantom stock units credited at $997.47 per unit; total reported value $4,987.
Shares owned after transaction: Not stated on the Form 4.
Footnote highlights:
- The phantom stock units are generally the economic equivalent of one Caterpillar common share (F1).
- Of the 5 units, 3 were credited at $997.47 and 2 were contributed for no consideration under the Supplemental Deferred Compensation Plan (F2).
- Units will be settled 100% in cash upon the reporting person’s retirement or separation from service (F3).
- Units reflect interests in an unfunded unitized stock-and-cash fund; dividend accruals and fund composition can change the reported unit count (F4).
Transaction type: Derivative award (phantom units), not an immediate equity purchase or sale.

Context

Phantom stock units are a form of deferred compensation that track the economic value of company stock but are generally settled in cash at termination or retirement; they do not represent currently transferable shares.
Such awards are common for executive compensation and do not, by themselves, signal an immediate change in insider buying/selling sentiment.

Form 4

Period: 2026-06-26

Group President

Transactions

Award
Phantom Stock Units
[F1][F2][F3][F4]
2026-06-26$997.47/sh+5$4,987→ 5,831 total
→ Common Stock (5 underlying)

Footnotes (4)

[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]This total includes 3 shares that were credited to the reporting person's account under the Supplemental Deferred Compensation Plan ("the Plan") at a price per share of $997.47 and 2 shares that were contributed to the reporting person's account pursuant to the terms of the Plan for no consideration.
[F3]The phantom stock units are to be settled for 100% in cash upon the reporting person's retirement or separation from service.
[F4]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.

Signature

/s/ Nicole Puza, POA for Jason E. Kaiser|2026-06-29

1 file