CAT.NYSECaterpillar INC

Form 4: Caterpillar Inc. Executive Joseph E. Creed Reports Acquisition of Phantom Stock Units

Sentiment:

SEC Form 4 Filing

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Chief Operating Officer Joseph E. Creed reported the acquisition of 34 phantom stock units in Caterpillar Inc., according to a recent SEC Form 4 filing.

Summary

  • On June 26, 2024, Joseph E. Creed, Chief Operating Officer of Caterpillar Inc., reported acquiring 34 phantom stock units.
  • These units were acquired under the company's non-qualified deferred compensation plans.
  • The price per share for 17 of these units was $326.73, while the other 17 were contributed at no consideration.
  • Following the transaction, Creed beneficially owns 9,058 phantom stock units.
  • These units will be settled in cash upon Creed's retirement or separation from service.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be settled for 100% cash upon the reporting person's retirement or separation from service.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings of company insiders.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and does not significantly alter the company's operations or financial position.

Key Dates

DateDescription
06/26/2024Date of transaction: Joseph E. Creed acquired phantom stock units.
06/27/2024Date of report: Filing date of the SEC Form 4.

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