Caterpillar (NYSE: CAT) grants phantom stock units to group president
Rhea-AI Filing Summary
Kaiser Jason reported acquisition or exercise transactions in this Form 4 filing.
Caterpillar Inc. Group President Jason Kaiser received a grant of 10 phantom stock units on 2026-07-24 under a non-qualified deferred compensation plan, increasing his holdings to 5,567 phantom units. Each unit is generally the economic equivalent of one share and will be settled 100% in cash at retirement or separation from service. The grant includes 5 units credited at $888.73 per unit and 5 units contributed for no consideration, with balances adjusted over time for accrued dividends within a unitized company stock fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kaiser Jason
Role
Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3, F4 | 10 | $888.73 | $9K |
Holdings After Transaction:
Phantom Stock Units — 5,567 shares (Direct)
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 5 shares that were credited to the reporting person's account under the Supplemental Deferred Compensation Plan ("the Plan") at a price per share of $888.73 and 5 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 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.
Key Figures
Phantom stock units granted: 10.0000 units
Price per share for credited units: $888.73
Phantom stock units credited at price: 5.0000 units
+2 more
5 metrics
Phantom stock units granted
10.0000 units
Grant of phantom stock units on 2026-07-24
Price per share for credited units
$888.73
Price at which 5 phantom stock units were credited under the Plan
Phantom stock units credited at price
5.0000 units
Units credited to the account at $888.73 per unit
Phantom stock units contributed for no consideration
5.0000 units
Units contributed pursuant to the Plan with no consideration
Total phantom stock units after transaction
5567.0000 units
Balance of phantom stock units following the award
Key Terms
Phantom Stock Units, non-qualified deferred compensation plan, Supplemental Deferred Compensation Plan, unitized company stock fund
4 terms
Phantom Stock Units financial
"Each phantom stock unit under the company's non-qualified deferred compensation plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
non-qualified deferred compensation plan financial
"Each phantom stock unit under the company's non-qualified deferred compensation plan"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
Supplemental Deferred Compensation Plan financial
"credited to the reporting person's account under the Supplemental Deferred Compensation Plan"
unitized company stock fund financial
"phantom stock units represent interests in an unfunded unitized company stock fund"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Caterpillar (CAT) report for Jason Kaiser?
Caterpillar reported that Group President Jason Kaiser received 10 phantom stock units under a deferred compensation plan. These units track Caterpillar common stock value and will be settled entirely in cash when he retires or separates from service.
How many phantom stock units does Jason Kaiser now hold at Caterpillar (CAT)?
After the reported transaction, Jason Kaiser holds 5,567 phantom stock units. These units reflect interests in a unitized company stock fund and may change over time as the fund’s mix of cash and stock and accrued dividends are adjusted.
What were the terms of the 10 phantom stock units granted to the Caterpillar (CAT) executive?
The award comprised 10 phantom stock units, with 5 units credited at $888.73 per unit and 5 units contributed for no consideration. Each unit is generally the economic equivalent of one Caterpillar share but is cash-settled at retirement or separation.
How can Jason Kaiser’s phantom stock unit balance at Caterpillar (CAT) change over time?
His reported 5,567 phantom stock units can change as units reflect a unitized company stock fund of stock and cash. Adjustments for accrued dividends and shifts in the fund’s cash-stock mix can alter the number of units deemed owned between dates.