Form 4: Caterpillar Inc. Executive Denise C. Johnson Reports Acquisition of Phantom Stock Units

Group President Denise C. Johnson reported the acquisition of 658 phantom stock units in Caterpillar Inc., according to a Form 4 filing with the SEC.

Summary

• Denise C. Johnson, a Group President at Caterpillar Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 658 phantom stock units on March 14, 2024.
• These units were acquired under the company's non-qualified deferred compensation plans.
• The price per share for 329 of these shares was $341.92, while the other 329 shares were contributed at no consideration.
• Johnson now holds 28,564 phantom stock units, including accrued dividends.
• The phantom stock units will be settled in cash upon Johnson's retirement or separation from service.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation, and does not contain any information that would significantly impact investor sentiment.

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

Executive compensation, including stock options and phantom stock units, is a common practice in publicly traded companies to align the interests of management with those of shareholders.

Stakeholder Impact

• The transaction affects the executive's holdings and deferred compensation, which can indirectly influence shareholder value alignment.

Key Dates