Caterpillar CFO Acquires Phantom Stock Units in Compensation Plan

On August 26, 2026, Kyle Joseph Epley, the Chief Financial Officer of Caterpillar Inc., acquired derivative securities as reported in a Form 4 filing. The transaction involved the acquisition of a total of 18 Phantom Stock Units at a price of $821.93 per unit, amounting to a total transaction value of approximately $14,795.

This transaction was coded 'A', indicating an acquisition, often associated with a grant, award, or other acquisition pursuant to a company compensation plan. The footnotes clarify that these Phantom Stock Units were acquired under the company's non-qualified deferred compensation plan. Each unit is the economic equivalent of one share of Caterpillar common stock and will be settled in cash upon the reporting person's retirement or separation from service.

Following these acquisitions, Mr. Epley's direct holdings of Phantom Stock Units increased to 5,869. The routine nature of this transaction, being part of a deferred compensation plan, and its relatively small value suggest it is a standard part of the executive's compensation package rather than a discretionary market trade. Therefore, the trading significance is considered low.