Form 4: Caterpillar Inc. Executive Anthony Fassino Reports Stock Transactions
SEC Form 4 Filing
Group President Anthony D. Fassino of Caterpillar Inc. reports exercising stock options and selling shares on November 6, 2024.
Summary
- On November 6, 2024, Anthony D. Fassino, Group President of Caterpillar Inc., executed several transactions involving Caterpillar's common stock.
- Fassino exercised employee stock options for 8,000 shares at a price of $127.60 per share.
- He then disposed of 2,491 shares to cover tax obligations at $409.72 per share.
- Additionally, Fassino sold 5,509 shares at an average price of $409.84, with individual trades ranging from $409.73 to $409.91.
- Following these transactions, Fassino directly owns 33,442 shares of Caterpillar common stock and indirectly owns 1,459 shares through a 401(k) plan.
- He also holds options for 9,133 shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/02/2020 | Grant date of the employee stock options under the Caterpillar Inc. 2014 Long-Term Incentive Plan. |
| 10/31/2024 | Date of the 401(k) plan statement used for reporting indirect ownership. |
| 11/06/2024 | Date of the stock option exercise and stock sales. |
| 11/07/2024 | Date of the Form 4 filing. |
| 03/02/2030 | Expiration date of the employee stock options. |
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