Form 4: Caterpillar CEO Donald Umpleby III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Donald Umpleby III, Chairman & CEO of Caterpillar Inc., reports acquisition and disposal of common stock due to dividend adjustments and tax obligations.
Summary
- On February 11, 2025, Donald J. Umpleby III, Chairman & CEO of Caterpillar Inc., reported changes in his beneficial ownership of Caterpillar common stock.
- He acquired 36,126 shares of common stock due to dividend accruals at a price of $0.
- He disposed of 14,163 shares to satisfy tax obligations related to the vesting of performance-based restricted stock units granted on March 7, 2022, at a price of $362.7 per share.
- Following these transactions, Umpleby directly owns 488,259 shares of Caterpillar common stock.
- He also indirectly owns 59,000 shares held by an Irrevocable Trust for Descendants, 36,040 shares held by a Children's Irrevocable Trust, and 1,024 shares held by a 401(k) Plan as of January 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing routine transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to dividend accruals and tax obligations, which are common occurrences for executives with equity compensation.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they relate to internal executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022/03/07 | Date of grant for performance-based restricted stock units. |
| 2025/01/31 | Date of 401(k) plan statement used for reporting. |
| 2025/02/11 | Date of the reported transactions (acquisition and disposal of shares). |
| 2025/02/13 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Caterpillar, Donald Umpleby III, Form 4, common stock, dividends, tax obligations, restricted stock units
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