Form 4: Caterpillar CFO Sells Shares for Tax Obligations

Caterpillar's Chief Financial Officer, Andrew Bonfield, reported the disposition of 449 common shares to satisfy tax liabilities from restricted stock unit vesting.

Summary

• Andrew R.J. Bonfield, Chief Financial Officer of Caterpillar Inc. (CAT), reported a transaction involving company common stock.
• On March 4, 2026, 449 shares of Caterpillar Common Stock were disposed of.
• The shares were withheld by the company at a price of $738.42 per share to cover tax obligations.
• This tax withholding resulted from the vesting of restricted stock units that were originally granted on March 4, 2024.
• Following this transaction, Andrew Bonfield directly beneficially owns 52,935 shares of Caterpillar Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes related to equity compensation, and does not indicate a change in insider sentiment or company fundamentals.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings from equity compensation, are common and generally do not reflect a change in an executive's outlook on the company's performance or industry trends. This specific transaction is a routine compliance event.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or insider confidence.
• Employees: No direct impact on general employees.

Key Dates

Keywords

Caterpillar, CAT, Andrew Bonfield, CFO, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units, Equity Compensation