Form 4: Caterpillar Inc. Executive Denise C. Johnson Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Group President Denise C. Johnson reported the acquisition of 27 phantom stock units in Caterpillar Inc., according to a Form 4 filing with the SEC.
Summary
- On July 26, 2024, Denise C. Johnson, Group President of Caterpillar Inc., acquired 27 phantom stock units.
- These units were acquired under the company's non-qualified deferred compensation plans.
- The price per share for 14 of these units was $350.48, while 13 units were contributed at no cost.
- Following the transaction, Johnson's total holdings amount to 28,379 phantom stock units.
- These units will be settled in cash upon Johnson's retirement or separation from service.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Future Outlook
The phantom stock units will be settled for 100% in cash upon the reporting person's retirement or separation from service.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It reflects part of Caterpillar's compensation strategy.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Acquisition of phantom stock units. |
| 07/29/2024 | Date of signature on the report. |
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