Form 4: Caterpillar Group President's Stock Activity

Caterpillar Group President Denise Johnson reported the vesting of performance-based restricted stock units and subsequent tax-related share disposition.

Summary

• Denise C. Johnson, Group President of Caterpillar Inc., reported transactions involving the company's common stock.
• On February 10, 2026, Johnson acquired 9,055 shares of common stock at a price of $0, likely due to the vesting of restricted stock units.
• Concurrently, 3,563 shares were disposed of at a price of $744.83 per share to satisfy tax obligations arising from the vesting of performance-based restricted stock units granted on March 6, 2023.
• Following these transactions, Johnson's direct beneficial ownership of common stock stands at 48,842 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful vesting of performance-based compensation, which aligns executive incentives with company performance. The subsequent tax-related disposition is a routine administrative action.

Positives

• Vesting of 9,055 performance-based restricted stock units indicates the achievement of performance criteria set on March 6, 2023.
• The acquisition of shares at $0 suggests a compensation event, aligning management's interests with shareholders.

Negatives

• Disposition of 3,563 shares reduces direct beneficial ownership, though this is a standard practice for tax withholding.

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU vesting and tax-related dispositions are common across industries, reflecting standard executive compensation practices tied to performance and long-term incentives.

Comparison to Industry Standards

• StockSavvy.ai observes that the practice of withholding shares to cover tax obligations upon the vesting of restricted stock units is a standard industry practice for executive compensation across major corporations, including peers like Deere & Company (DE) or Komatsu Ltd. (KMTUY).
• The $0 acquisition price for vested units is also typical for performance-based grants.

Stakeholder Impact

• Shareholders: The vesting of performance-based units indicates management's achievement of prior goals, which is generally positive for shareholder value. The tax-related sale is a routine event with minimal impact.

Key Dates

Keywords

Caterpillar, CAT, Denise Johnson, Insider Trading, Form 4, Stock Vesting, Restricted Stock Units, Executive Compensation, Share Disposition, Tax Withholding