Caterpillar CFO Kyle Epley Acquires Phantom Stock Units via Deferred Comp Plan

Executive Summary

On September 28, 2026, Caterpillar Inc. ($CAT) filed a Form 4 disclosing derivative equity transactions by Chief Financial Officer Kyle Joseph Epley. On September 25, 2026, Mr. Epley acquired a cumulative 18 phantom stock units under the company's Supplemental Deferred Compensation Plan at a stated price of $821.58 per share, representing approximately $14,788 in value.

Transaction Breakdown

• Security: Phantom Stock Units (convertible 1-for-1 to common stock equivalent, payable 100% in cash upon separation/retirement).
• Transactions:
  • Transaction 1: 11 units acquired (6 credited from excess contributions at $821.58 and 5 contributed pursuant to plan terms at zero consideration).
  • Transaction 2: 7 units acquired at $821.58 per share.
• Aggregate Units Acquired: 18
• Post-Transaction Beneficial Holdings: 5,846 phantom stock units.

Market & Trading Significance

This filing carries Low trading significance. The transactions represent routine, small-scale non-qualified deferred compensation plan contributions rather than open-market purchases or sales, providing no material directional signal regarding executive sentiment on company performance.