Form 4: Caterpillar Inc. Executive Denise C. Johnson Reports Acquisition of Phantom Stock Units
SEC Filing Form 4
Group President Denise C. Johnson reported the acquisition of phantom stock units in Caterpillar Inc., according to a Form 4 filing with the SEC.
Summary
- On March 8, 2024, Denise C. Johnson, Group President of Caterpillar Inc., acquired 313 phantom stock units.
- These units, under the company's non-qualified deferred compensation plans, are economically equivalent to Caterpillar Inc. common stock.
- The phantom stock units will be settled in cash upon Johnson's retirement or separation from service.
- Following the transaction, Johnson beneficially owns 28,023 phantom stock units.
- The price of the transaction was $339.19.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard executive compensation practices.
Positives
- The acquisition of phantom stock units aligns the executive's interests with the long-term performance of Caterpillar Inc.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Denise C. Johnson acquired phantom stock units. |
| 03/12/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.