Kaiser Jason 4
4 · CATERPILLAR INC · Filed Jul 27, 2026
Research Summary
AI-generated summary of this filing
Caterpillar (CAT) Group President Jason Kaiser Receives Award
What Happened
Jason Kaiser, Group President of Caterpillar Inc., was granted 10 phantom stock units (derivative award) on July 24, 2026. The units are reported at a price of $888.73 each for a total reported value of $8,887. This was an award under the company’s non‑qualified supplemental deferred compensation plan—not an open‑market purchase.
Key Details
- Transaction date: 2026-07-24; filing date: 2026-07-27 (filed within the SEC’s two-business-day window).
- Amount: 10 phantom stock units at $888.73 per unit; total reported value $8,887.
- Ownership after transaction: not specified in this filing.
- Footnotes:
- Phantom units generally equal the economic value of one share of Caterpillar common stock (F1).
- Of the 10 units, 5 were credited at $888.73 and 5 were contributed with no consideration under the plan (F2).
- Units are to be settled 100% in cash upon the reporting person’s retirement or separation from service (F3).
- Units reflect interests in an unfunded unitized stock/cash fund; dividend adjustments and fund composition can change reported unit counts (F4).
Context
These are deferred‑compensation phantom units that will be paid in cash on departure/retirement, not actual share transfers. Such grants are routine executive compensation and do not by themselves signal buying or selling intent in the open market. The reported value (~$8.9K) is modest relative to many insider trades.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3][F4]2026-07-24$888.73/sh+10$8,887→ 5,567 total→ Common Stock (10 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 5 shares that were credited to the reporting person's account under the Supplemental Deferred Compensation Plan ("the Plan") at a price per share of $888.73 and 5 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.