Kaiser Jason 4
4 · CATERPILLAR INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Caterpillar (CAT) Group President Jason Kaiser Receives Award
What Happened
Jason Kaiser, Group President of Caterpillar Inc. (CAT), was credited with 186 phantom stock units (a derivative award) on 2026-03-13. The award is reported at a per-unit price of $693.99, for a total reported value of $129,082. This is an employer grant under Caterpillar’s deferred compensation arrangements rather than an open-market stock purchase or sale.
Key Details
- Transaction type: Award/Grant (Derivative phantom stock units) recorded as "A" on Form 4.
- Transaction date: 2026-03-13; Form 4 filed 2026-03-16. No late-filing flag noted in the filing.
- Quantity and pricing: 186 phantom units @ $693.99 each; total value $129,082.
- Allocation detail: 93 units were credited at $693.99 and 93 units were contributed for no consideration (per footnote).
- Settlement and economics: Phantom units are economic equivalents of common stock (non‑qualified deferred comp) and will be settled 100% in cash upon retirement or separation from service. Dividends are accrued and unit counts can vary because the fund is a mix of stock and cash.
- Shares owned after transaction: Not specified in the filing.
Context Phantom stock units are a deferred compensation award that track the economic value of shares but do not represent immediate share ownership or open-market buying/selling. Because these units will be paid in cash when Kaiser retires or leaves, they are more a form of executive compensation than a direct signal of near-term trading intent.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3][F4]2026-03-13$693.99/sh+186$129,082→ 5,564 total→ Common Stock (186 underlying)
Footnotes (4)
- [F1]Each phantom stock unit under the company's non-qualified deferred compensation plan as reported is generally the economic equivalent of one share of Caterpillar Inc. common stock.
- [F2]This total includes 93 shares that were credited to the reporting person's account under the Supplemental Deferred Compensation Plan ("the Plan") at a price per share of $693.99 and 93 shares that were contributed to the reporting person's account pursuant to the terms of the Plan for no consideration.
- [F3]The phantom stock units are to be settled for 100% in cash upon the reporting person's retirement or separation from service.
- [F4]Includes dividends accrued. Moreover, phantom stock units represent interests in an unfunded unitized company stock fund comprised of stock and cash, and therefore the number of phantom stock units the reporting person is deemed to own may change between any given dates due to differences in the percentages of cash and stock in the unitized fund on those dates.