Caterpillar executive sells 24,222 shares after exercise
Caterpillar Group President Bob De Lange exercised employee stock options and sold shares in the company.
Rhea-AI Filing Summary
Caterpillar Group President Bob De Lange exercised employee stock options and sold shares in the company. He exercised 28,105 stock options at $127.60 per share, converting them into an equal number of Caterpillar common shares. Of these, 3,883 shares were disposed of to cover tax obligations. He then executed two open-market sales totaling 24,222 common shares at weighted average prices of $923.47 and $922.55 per share, across multiple trades. After these transactions, De Lange directly holds 86,029 Caterpillar shares, indicating he retains a substantial equity position following this exercise-and-sell sequence.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
De Lange Bob
Role
Group President
Sold
24,222 shs ($22.35M)
Approx. gross sale proceeds
$22.35M
Approx. exercise cost
$3.59M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 28,105 | $127.60 | $3.59M |
| Exercise | Common Stock | 28,105 | $127.60 | $3.59M |
| Exercise Price or Tax Liability | Common Stock | 3,883 | $923.38 | $3.59M |
| Sale | Common Stock | 14,470 | $922.55 | $13.35M |
| Sale | Common Stock | 9,752 | $923.47 | $9.01M |
Holdings After Transaction:
Employee Stock Options — 28,105 contracts (Direct);
Common Stock — 86,029 shares (Direct)
Footnotes (3)
- F1. This transaction was executed in multiple trades at prices ranging from $922.08 to $923.07. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. This transaction was executed in multiple trades at prices ranging from $923.08 to $924.02. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3. The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 2, 2020 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
Key Figures
Shares sold: 24,222 shares
Sale prices: $923.47 and $922.55 per share
Options exercised: 28,105 shares at $127.60
+4 more
7 metrics
Shares sold
24,222 shares
Open-market sales of common stock on May 6, 2026
Sale prices
$923.47 and $922.55 per share
Weighted average prices for two sale transactions
Options exercised
28,105 shares at $127.60
Employee stock options converted into common shares
Tax withholding shares
3,883 shares
Shares delivered to satisfy tax obligations
Shares held after transactions
86,029 shares
Direct ownership following all reported trades
Option grant plan
2014 Long-Term Incentive Plan
Source of employee stock options exercised
Option expiration
March 2, 2030
Expiration date for the exercised option grant
Key Terms
open-market sale, tax-withholding disposition, derivative security, Employee Stock Options, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Employee Stock Options financial
"security_title": "Employee Stock Options""
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
Long-Term Incentive Plan financial
"pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
What insider transactions did CAT executive Bob De Lange report?
Bob De Lange reported exercising 28,105 Caterpillar stock options at $127.60 and selling 24,222 common shares in open-market transactions, along with 3,883 shares disposed of to cover tax obligations.
What option exercise did the Caterpillar (CAT) Form 4 disclose?
The filing shows De Lange exercised 28,105 employee stock options at $127.60 per share. These options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and vest in three equal annual installments from the March 2, 2020 grant date.
Were Bob De Lange’s Caterpillar (CAT) sales open-market transactions?
Yes. The Form 4 identifies both dispositions of 9,752 and 14,470 shares as open-market sales. Footnotes note each was executed through multiple trades within price ranges around the reported weighted average sale prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
