Caterpillar (CAT) Director Lynn J. Good Receives Award — 30 Shares

What Happened

• Lynn J. Good, a director of Caterpillar Inc. (CAT), was granted 30 phantom stock units on 2026-09-30.
• The units are reported at $821.01 each, for a total reported value of $24,630. The transaction code is "A" (award/grant); these are derivative units, not actual shares.

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (timely filing).
• Price/value reported: $821.01 per unit; total $24,630 for 30 units.
• These are phantom stock units under the Caterpillar Directors' Deferred Compensation Plan (reported as the economic equivalent of one share — F1).
• Units were awarded or acquired in lieu of director cash compensation (F2) and are to be settled 100% in cash upon the reporting person's retirement or separation from service (F3).
• The Form 4 does not report an increase in actual shares outstanding for Ms. Good — settlement is in cash, not stock.

Context

• Phantom stock units are a deferred-compensation derivative: they track share value but are paid in cash at settlement, so this award does not immediately change Ms. Good’s equity stake or the company’s outstanding shares.
• Awards to directors in lieu of cash are common and typically reflect routine compensation rather than an explicit buy/sell signal.