Caterpillar (CAT) Group President receives stock grants and options, with tax shares withheld

Rhea-AI Filing Summary

Caterpillar Group President Jason Kaiser reported new equity awards and a small tax-related share withholding. On March 2, 2026, he received 4,601 employee stock options and 1,650 shares of common stock at no cost as grants. The options were issued under Caterpillar’s 2023 Long Term Incentive Plan and vest in equal one-third portions on each of the first three anniversaries of the grant date. On March 3, 2026, 358 shares of common stock were withheld to cover taxes from the vesting of restricted stock units originally granted March 3, 2025, leaving him with 9,962 directly held shares, plus 401(k) holdings reported separately.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Kaiser Jason

Role Group President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	358	$719.13	$257K
Grant/Award	Employee Stock options	4,601	$0.00	--
Grant/Award	Common Stock	1,650	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 9,962 shares (Direct); Employee Stock options — 4,601 shares (Direct); Common Stock — 368 shares (Indirect, Held by 401(k) Plan)

Footnotes (1)

1. Includes adjustment for dividends accrued. Represents shares withheld from the reporting person to satisfy tax obligation arising from the vesting of restricted stock units granted March 3, 2025. The information in this report is based on a 401(k) plan statement as of February 28, 2026. The stock options were granted pursuant to the Caterpillar Inc. 2023 Long Term Incentive Plan and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Kaiser Jason

(Last) (First) (Middle)

5205 N. O'CONNOR BOULEVARD, SUITE 100

(Street)

IRVING TX 75039

(City) (State) (Zip)

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)
	Group President

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		A		1,650	A	$0	10,320(1)	D
Common Stock	03/03/2026		F		358(2)	D	$719.13	9,962	D
Common Stock								368	I	Held by 401(k) Plan(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock options	$752.18	03/02/2026		A		4,601		(4)	03/02/2036	Common Stock	4,601	$0	4,601	D

Explanation of Responses:

1. Includes adjustment for dividends accrued.

2. Represents shares withheld from the reporting person to satisfy tax obligation arising from the vesting of restricted stock units granted March 3, 2025.

3. The information in this report is based on a 401(k) plan statement as of February 28, 2026.

4. The stock options were granted pursuant to the Caterpillar Inc. 2023 Long Term Incentive Plan and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.

	/s/ Nicole Puza, POA for Jason Kaiser	03/04/2026
	** 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.

FAQ

What insider transactions did Caterpillar (CAT) report for Jason Kaiser?

Caterpillar’s Group President Jason Kaiser reported equity grants and a small tax-related share withholding. He received 4,601 stock options and 1,650 shares of common stock, and 358 shares were withheld to satisfy taxes from a prior restricted stock unit vesting.

How many Caterpillar stock options were granted to Jason Kaiser in March 2026?

Jason Kaiser was granted 4,601 employee stock options on March 2, 2026. These options were issued under Caterpillar’s 2023 Long Term Incentive Plan and vest in three equal annual installments on the first, second and third anniversaries of the grant date.

What common stock awards did Jason Kaiser receive from Caterpillar (CAT)?

On March 2, 2026, Jason Kaiser received a grant of 1,650 shares of Caterpillar common stock at no cost. This award increased his directly held common stock position, which totaled 10,320 shares immediately after the grant, before the subsequent tax withholding transaction.

Why were 358 Caterpillar shares withheld from Jason Kaiser?

Caterpillar withheld 358 shares from Jason Kaiser on March 3, 2026 to cover tax obligations. The taxes arose from the vesting of restricted stock units that had been granted on March 3, 2025, and the withholding was processed as a share disposition for tax payment.

How many Caterpillar shares does Jason Kaiser hold after these transactions?

After the March 3, 2026 tax withholding, Jason Kaiser directly held 9,962 shares of Caterpillar common stock. He also has 4,601 stock options outstanding and an indirect interest in 368 shares held in a 401(k) plan, based on a February 28, 2026 statement.

How are Jason Kaiser’s Caterpillar 401(k) shares reported?

Kaiser’s 401(k) holdings are reported as indirect ownership labeled “Held by 401(k) Plan.” The total shown is 368 shares of Caterpillar common stock, based on a 401(k) plan statement dated February 28, 2026, separate from his directly held and option positions.