Caterpillar executive exercises options, sells 5,639 shares
Caterpillar Inc. group president Rodney Michael Shurman reported an option exercise paired with same-day stock sales.
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Form Type
4
Rhea-AI Filing Summary
Caterpillar Inc. group president Rodney Michael Shurman reported an option exercise paired with same-day stock sales. On May 5, 2026, he exercised 5,639 employee stock options at $253.98 per share into common stock, then sold 487 shares at a weighted average price of $903.55 and 5,152 shares at $903.14 in open-market transactions executed in multiple trades. He also reported indirectly held common stock in a 401(k) plan, based on a statement dated April 30, 2026.
Insider Trade Summary
Exercise and Sale: 5,639 shares ($3.66M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Shurman Rodney Michael
Role
Group President
Sold
5,639 shs ($5.09M)
Approx. gross sale proceeds
$5.09M
Approx. exercise cost
$1.43M
Approx. pre-tax spread
$3.66M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 5,639 | $253.98 | $1.43M |
| Exercise | Common Stock | 5,639 | $253.98 | $1.43M |
| Sale | Common Stock | 5,152 | $903.14 | $4.65M |
| Sale | Common Stock | 487 | $903.55 | $440K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 0 contracts (Direct);
Common Stock — 2,546 shares (Direct);
Common Stock — 6,783 shares (Indirect, Held by 401(k) Plan)
Footnotes (4)
- F1. This transaction was executed in multiple trades at prices ranging from $902.44 to $903.42. 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 $903.44 to $903.59. 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 6, 2023 and vest equally in 1/3 increments in the first, second and third anniversaries of the grant date.
Key Figures
Shares sold (block 1): 487 shares at $903.55
Shares sold (block 2): 5,152 shares at $903.14
Options exercised: 5,639 options at $253.98
+2 more
5 metrics
Shares sold (block 1)
487 shares at $903.55
Open-market sale of common stock on May 5, 2026
Shares sold (block 2)
5,152 shares at $903.14
Open-market sale of common stock on May 5, 2026
Options exercised
5,639 options at $253.98
Employee stock options exercised into common stock on May 5, 2026
Net shares sold
5,639 shares
Net buy/sell shares reported as net-sell in transaction summary
Indirect 401(k) holding
6,783 shares
Common stock held by 401(k) plan as of April 30, 2026
Key Terms
weighted average sale price, 401(k) plan, Employee Stock Options, Long-Term Incentive Plan
4 terms
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
401(k) plan financial
"The 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.
Employee Stock Options financial
"security_title: "Employee Stock Options" with underlying security title 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.
Long-Term Incentive Plan financial
"The stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 6, 2023"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Caterpillar (CAT) report for Rodney Michael Shurman?
Caterpillar group president Rodney Michael Shurman exercised 5,639 employee stock options and sold the resulting shares in open-market trades on May 5, 2026. The filing also reports indirect common stock holdings through a 401(k) plan based on an April 30, 2026 statement.
What stock options did Rodney Michael Shurman exercise in the Caterpillar (CAT) Form 4?
He exercised 5,639 employee stock options at $253.98 per share, converting them into Caterpillar common stock on May 5, 2026. The options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and vested in three equal annual installments from March 6, 2023.
Were Rodney Michael Shurman’s Caterpillar (CAT) stock sales part of a single economic event?
The Form 4 shows an exercise of 5,639 options followed by open-market sales totaling 5,639 shares the same day, indicating an exercise-and-sell pattern. This means the derivative position was converted into cash while eliminating those specific stock options.
What does the Caterpillar (CAT) Form 4 say about Rodney Michael Shurman’s 401(k) holdings?
The filing reports indirect ownership of Caterpillar common stock held by a 401(k) plan, with 6,783 shares shown after the holding entry. A footnote clarifies this information is based on a 401(k) plan statement dated as of April 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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