Caterpillar CEO Joseph E. Creed Acquires Phantom Stock Units via Deferred Compensation
CATERPILLAR INC
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Filing Summary
Form 4 Alert: CATERPILLAR INC ($CAT) Insider: Joseph E. Creed (Chief Executive Officer) Transaction: Acquisition of 19 Phantom Stock Units at $821.58 per unit (~$15.6K) Date: 2026-09-25 Post-Transaction Holdings: 11,234 Phantom Stock Units Significance: Low (Routine deferred compensation plan credit)
Comprehensive Analysis
Executive Summary
On September 28, 2026, Caterpillar Inc. ($CAT) filed a Form 4 disclosing that Chief Executive Officer Joseph E. Creed acquired 19 Phantom Stock Units on September 25, 2026. The transaction was conducted under Caterpillar's Supplemental Deferred Compensation Plan at an stated unit price of $821.58, representing a total value of approximately $15,610.
Transaction Details
- Security: Phantom Stock Units (Derivative Security, settled 100% in cash upon retirement or separation from service)
- Nature of Acquisition: 10 units were credited under the Plan at $821.58 per share, and 9 units were contributed under plan terms for no consideration.
- Direct Ownership After Transaction: 11,234 units (which include dividend reinvestment and unitized fund cash/stock adjustments).
Market Impact & Significance
This transaction carries Low trading significance. It represents a routine allocation under an executive non-qualified deferred compensation arrangement rather than an open-market purchase or sale.
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