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 plan.

Summary

• On March 14, 2024, Joseph E. Creed, Chief Operating Officer of Caterpillar Inc., acquired 622 phantom stock units under the company's non-qualified deferred compensation plans.
• The acquisition includes 311 shares credited under the Supplemental Deferred Compensation Plan at $341.92 per share and 311 shares contributed under the plan for no consideration.
• Following the transaction, Creed beneficially owns 8,917 phantom stock units.
• These units are to be settled in cash upon Creed's retirement or separation from service.
• The phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

This filing is a routine disclosure of executive compensation in the form of phantom stock units, a common practice among publicly traded companies to align executive interests with shareholder value.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation and alignment of interests.

Key Dates