Epley Kyle Joseph 4

What Happened
CFO Kyle Epley received two grants of phantom stock units (derivative awards) on July 24, 2026: 5 units at $888.73 each (reported value $4,444) and 7 units at $888.73 each (reported value $6,221), for a total reported value of $10,665. These were awards under Caterpillar’s deferred compensation arrangements (transaction code A) — not open-market purchases or sales.

Key Details

• Transaction date: 2026-07-24; Filing date: 2026-07-27 (filing appears timely).
• Grant details: 5 units @ $888.73 = $4,444 (derivative); 7 units @ $888.73 = $6,221 (derivative).
• Shares/units owned after the transaction: Not specified in the filing.
• Footnote highlights:
  • Phantom stock units are generally the economic equivalent of one share of Caterpillar common stock (F1).
  • The reported totals include 3 shares credited due to excess contributions at $888.73 and 2 shares contributed for no consideration under the Supplemental Deferred Compensation Plan (F2).
  • Units are payable 100% in cash upon the reporting person’s retirement or separation from service (F3).
  • Units represent interests in an unfunded unitized stock-and-cash fund; the unit count can change due to fund composition and dividend adjustments (F4).

Context
Phantom stock units are derivative awards that track the value of company stock but are typically settled in cash, so they do not represent immediate purchases of common shares on the open market. Such awards are routine compensation under deferred compensation plans and do not by themselves indicate the insider is buying or selling the company’s actual shares.