Caterpillar (NYSE: CAT) CEO has 574 shares withheld for taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Caterpillar Inc. Chief Executive Officer Joseph E. Creed reported routine share updates in a Form 4. On May 11, 2026, 574 shares of common stock were withheld at $912.03 per share to cover tax obligations from the vesting of restricted stock units granted on May 9, 2025. This withholding is a tax-related disposition, not an open-market sale.

After this event, Creed directly held 34,507 shares of Caterpillar common stock. He also had 11,804 shares held indirectly through a 401(k) plan, based on a plan statement dated as of April 30, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Creed Joseph E

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	574	$912.03	$524K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 34,507 shares (Direct, null); Common Stock — 11,804 shares (Indirect, Held by 401(k) Plan)

Footnotes (1)

Represents shares withheld from the reporting person to satisfy tax obligations arising from the vesting of restricted stock units granted on May 9, 2025. The information in this report is based on a 401(k) plan statement dated as of April 30, 2026.

Key Figures

Shares withheld for taxes: 574 shares Withholding share value: $912.03 per share Direct holdings after transaction: 34,507 shares +3 more

6 metrics

Shares withheld for taxes 574 shares Tax withholding on RSU vesting May 11, 2026

Withholding share value $912.03 per share Value used for tax-related share withholding

Direct holdings after transaction 34,507 shares Direct Caterpillar common stock held after May 11, 2026

Indirect 401(k) holdings 11,804 shares Shares in 401(k) plan as of April 30, 2026

RSU grant date May 9, 2025 Restricted stock units that generated the tax obligation

Transaction date May 11, 2026 Date of reported tax-withholding disposition

Key Terms

restricted stock units, tax obligations, 401(k) plan, tax-withholding disposition

4 terms

restricted stock units financial

"tax obligations arising from the vesting of restricted stock units granted on May 9, 2025"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax obligations financial

"shares withheld from the reporting person to satisfy tax obligations arising from the vesting"

401(k) plan financial

"information in this report is based on a 401(k) plan statement dated as of April 30, 2026"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

tax-withholding disposition financial

"transaction_action is described as a tax-withholding disposition under transaction code F"

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.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 04:31 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Creed Joseph E

(Last)

(First)

(Middle)

5205 N. O'CONNOR BOULEVARD, SUITE 100

(Street)

IRVING

TEXAS

75039

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CATERPILLAR INC [ CAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/11/2026		F		574⁽¹⁾	D	$912.03	34,507	D
Common Stock								11,804	I	Held by 401(k) Plan⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld from the reporting person to satisfy tax obligations arising from the vesting of restricted stock units granted on May 9, 2025.

2. The information in this report is based on a 401(k) plan statement dated as of April 30, 2026.

	/s/ Nicole Puza, POA for Joseph E. Creed	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Caterpillar (CAT) CEO Joseph E. Creed report in this Form 4?

Caterpillar CEO Joseph E. Creed reported a tax-related share withholding and updated holdings. The filing shows routine administrative movements, not an open-market purchase or sale of Caterpillar common stock.

How many Caterpillar (CAT) shares were withheld for Joseph E. Creed’s taxes?

A total of 574 Caterpillar common shares were withheld to satisfy tax obligations. These taxes arose from the vesting of restricted stock units granted on May 9, 2025, and do not reflect a discretionary market sale.

At what price were the withheld Caterpillar (CAT) shares valued?

The 574 withheld shares were valued at approximately $912.03 per share. This value is used for tax withholding purposes tied to restricted stock unit vesting, rather than an executed market trade price.

How many Caterpillar (CAT) shares does Joseph E. Creed hold directly after this filing?

After the tax withholding, Joseph E. Creed directly held 34,507 shares of Caterpillar common stock. This figure reflects his direct ownership position immediately following the reported Form 4 transaction.

What indirect Caterpillar (CAT) holdings does Joseph E. Creed report through a 401(k)?

Joseph E. Creed reported 11,804 Caterpillar shares held indirectly via a 401(k) plan. This amount is based on a 401(k) plan statement dated as of April 30, 2026, and represents retirement-plan holdings.