Creed Joseph E 4
4 · CATERPILLAR INC · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Caterpillar CEO Joseph E. Creed Receives Award of 3 Phantom Units
What Happened Joseph E. Creed, CEO of Caterpillar Inc. (CAT), received a grant of 3 phantom stock units on 2026-03-26. The filing values the units at $703.19 each, for a total reported value of approximately $2,110. This was an award under the company’s non-qualified deferred compensation plan (derivative award settled in cash), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-26; Filing date: 2026-03-27 (timely).
- Transaction type/code: Award/Grant (A); derivative phantom stock units.
- Price/value: $703.19 per unit; total reported value ≈ $2,110.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1/F3: Each phantom stock unit generally equals the economic value of one share and will be settled 100% in cash upon retirement or separation.
- F2: Of the 3 units, 2 were credited at $703.19 and 1 was contributed for no consideration.
- F4: Units accrue dividend adjustments and represent interests in an unfunded unitized stock/cash fund, so unit counts can vary with fund composition.
Context Phantom stock units are a deferred cash award tied to the company’s stock value and do not represent immediate common-stock ownership or voting rights. Because these awards settle in cash upon retirement/separation and include dividend adjustments, they are routine components of executive deferred compensation and do not by themselves signal a buy or sell decision.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3][F4]2026-03-26$703.19/sh+3$2,110→ 11,583 total→ Common Stock (3 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 2 shares that were credited to the reporting person's account under the Supplemental Deferred Compensation Plan ("the Plan") at a price per share of $703.19 and 1 share that was 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 adjustments for 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.