Caterpillar executive exercises options, sells CAT shares
Caterpillar Inc. Group President Anthony D. Fassino reported multiple transactions in company common stock.
Rhea-AI Filing Summary
Caterpillar Inc. Group President Anthony D. Fassino reported multiple transactions in company common stock. He exercised 21,403 employee stock options at $219.76 per share to acquire the same number of Caterpillar shares and had 5,120 shares withheld to cover tax obligations.
He then completed open-market sales of 15,440 shares at $916.75 per share and 843 shares at $917.73 per share, both executed in multiple trades at weighted-average prices. Following one reported sale, he held 46,041 shares directly, and a separate entry shows 1,508 shares held indirectly in a 401(k) plan based on a statement dated April 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Fassino Anthony D.
Role
Group President
Sold
16,283 shs ($14.93M)
Approx. gross sale proceeds
$14.93M
Approx. exercise cost
$4.70M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 21,403 | $219.76 | $4.70M |
| Exercise | Common Stock | 21,403 | $219.76 | $4.70M |
| Exercise Price or Tax Liability | Common Stock | 5,120 | $918.65 | $4.70M |
| Sale | Common Stock | 15,440 | $916.75 | $14.15M |
| Sale | Common Stock | 843 | $917.73 | $774K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 0 contracts (Direct);
Common Stock — 46,041 shares (Direct);
Common Stock — 1,508 shares (Indirect, Held by 401(k) plan)
Footnotes (4)
- F1. This transaction was executed in multiple trades at prices ranging from $916.39 to $917.31. 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 $917.40 to $917.79. 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 information in this report is based on a 401(k) plan statement dated as of April 30, 2026.
- F4. The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
Key Figures
Options exercised: 21,403 shares
Option exercise price: $219.76/share
Shares sold (main block): 15,440 shares
+4 more
7 metrics
Options exercised
21,403 shares
Employee stock options exercised into common stock on May 11, 2026
Option exercise price
$219.76/share
Exercise price for 21,403 employee stock options
Shares sold (main block)
15,440 shares
Open-market sale of common stock at $916.75 per share
Shares sold (additional)
843 shares
Open-market sale of common stock at $917.73 per share
Tax-withholding shares
5,120 shares
Shares delivered to cover exercise price or tax liability at $918.65
Direct shares after one sale
46,041 shares
Directly owned after the 843-share sale entry
401(k) holdings
1,508 shares
Indirectly held in a 401(k) plan as of April 30, 2026
Key Terms
Employee Stock Options, derivative exercise/conversion, tax-withholding disposition, weighted average sale price, +2 more
6 terms
Employee Stock Options financial
"security_title: "Employee Stock Options" linked to common stock"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for option transaction"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" describing F-code transaction"
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.
weighted average sale price financial
"footnote: "The price reported above reflects the weighted average sale price""
401(k) plan financial
"footnote: "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.
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.
FAQ
What insider transactions did CAT executive Anthony D. Fassino report on this Form 4?
Anthony D. Fassino reported exercising employee stock options, tax-related share withholding, and open-market sales of Caterpillar common stock. The filing details option exercise prices, sale volumes, and weighted-average sale prices for the transactions completed on May 11, 2026.
What stock options did the CAT Group President exercise in this Form 4?
He exercised employee stock options covering 21,403 shares of Caterpillar common stock at an exercise price of $219.76 per share. These options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and vested in three equal annual installments beginning March 1, 2022.
How were the Caterpillar (CAT) insider sales priced in Fassino’s Form 4?
The 15,440-share sale used a weighted-average price of $916.75, with trades ranging from $916.39 to $917.31. The 843-share sale used a weighted-average price of $917.73, with trades ranging from $917.40 to $917.79, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
