MacLennan David 4

What Happened
David MacLennan, a director of Caterpillar Inc., was granted 22 phantom stock units on 2026-06-30. The units are reported at $1,055.33 each for a total economic value of $23,217. This was an award (not an open-market purchase or sale) granted under the company's directors' deferred compensation arrangements.

Key Details

• Transaction date: 2026-06-30 (report filed 2026-07-01).
• Transaction type: Award/Grant of derivative units (code A).
• Amount: 22 phantom stock units at $1,055.33 each = $23,217.
• Shares owned after transaction: Not disclosed in the provided filing.
• Notable footnotes: units are phantom stock (economic equivalent to one share) awarded in lieu of director cash compensation; to be settled 100% in cash upon retirement or separation; amount includes accrued dividend adjustments.
• Filing timeliness: Report appears filed promptly (no late-filing flag in the provided data).

Context
Phantom stock units are a deferred, cash-settled form of compensation that track the economic value of common shares but do not represent current share ownership or voting power. This grant reflects routine director compensation rather than an active buy or sell signal.