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

Chief Operating Officer Joseph E. Creed reports acquiring phantom stock units in Caterpillar Inc.'s deferred compensation plans.

Summary

• On April 26, 2024, Joseph E. Creed, Chief Operating Officer of Caterpillar Inc., reported the acquisition of 9 phantom stock units.
• These units were acquired under the company's non-qualified deferred compensation plans.
• The acquisition includes 5 shares credited under the Supplemental Deferred Compensation Plan at $343.38 per share and 4 shares contributed to the account for no consideration.
• Following the transaction, Creed beneficially owns 8,830 phantom stock units.
• These units are to be settled in cash upon Creed's retirement or separation from service.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• Deferred compensation plans can be a tax-efficient way for executives to save for retirement.

Future Outlook

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

Industry Context

Executive compensation packages often include stock-based awards to incentivize performance and align executive interests with shareholder value. Phantom stock units are a common component of these packages, particularly in deferred compensation plans.

Stakeholder Impact

• The acquisition of phantom stock units has a minimal direct impact on stakeholders.
• It primarily affects the executive's compensation and alignment with company performance.

Key Dates