Caterpillar executive exercises options, sells shares
Caterpillar Inc. Group President Jason Kaiser exercised employee stock options and sold shares of common stock.
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Form Type
4
Rhea-AI Filing Summary
Caterpillar Inc. Group President Jason Kaiser exercised employee stock options and sold shares of common stock. He exercised 7,917 options at $253.98 per share, then sold 5,642 shares in an open-market transaction at $883.03 per share and had 2,275 shares withheld to cover tax obligations.
After these transactions, Kaiser holds 9,594 shares of Caterpillar common stock directly and 368 shares indirectly through a 401(k) plan based on a statement dated April 30, 2026. No remaining derivative (option) position is shown in this filing.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Kaiser Jason
Role
Group President
Sold
5,642 shs ($4.98M)
Approx. gross sale proceeds
$4.98M
Approx. exercise cost
$2.01M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 7,917 | $253.98 | $2.01M |
| Exercise | Common Stock | 7,917 | $253.98 | $2.01M |
| Exercise Price or Tax Liability | Common Stock | 2,275 | $883.50 | $2.01M |
| Sale | Common Stock | 5,642 | $883.03 | $4.98M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 0 contracts (Direct);
Common Stock — 9,594 shares (Direct);
Common Stock — 368 shares (Indirect, Held by 401(k) plan)
Footnotes (2)
- F1. The information in this report is based on a 401(k) plan statement dated as of April 30, 2026.
- F2. 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: 5,642 shares
Sale price: $883.03 per share
Options exercised: 7,917 shares
+5 more
8 metrics
Shares sold
5,642 shares
Open-market sale of Caterpillar common stock
Sale price
$883.03 per share
Price for 5,642 common shares sold
Options exercised
7,917 shares
Employee stock options converted into common stock
Option exercise price
$253.98 per share
Exercise price for 7,917 stock options
Tax-withholding shares
2,275 shares
Shares delivered to cover tax obligations
Tax-withholding price
$883.50 per share
Price applied to 2,275 withheld shares
Direct holdings after
9,594 shares
Direct Caterpillar common stock held post-transaction
Indirect 401(k) holdings
368 shares
Caterpillar common stock held via 401(k) plan
Key Terms
Employee Stock Options, tax-withholding disposition, 401(k) plan, Long-Term Incentive Plan, +1 more
5 terms
Employee Stock Options financial
"security_title": "Employee Stock Options""
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
401(k) plan financial
"nature_of_ownership": "Held by 401(k) plan""
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.
Long-Term Incentive Plan financial
"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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CAT executive Jason Kaiser report on this Form 4?
Jason Kaiser reported exercising 7,917 employee stock options at $253.98 per share, selling 5,642 Caterpillar common shares at $883.03, and a tax-withholding disposition of 2,275 shares. These actions reflect an exercise-and-sell pattern with shares withheld to satisfy tax obligations.
What prices were involved in Jason Kaiser’s Caterpillar (CAT) Form 4 transactions?
Kaiser exercised employee stock options at $253.98 per share and sold Caterpillar common stock at $883.03 per share. Additionally, 2,275 shares were withheld at $883.50 per share to cover tax obligations, according to the transaction details disclosed for the same transaction date.
Did Jason Kaiser’s Caterpillar (CAT) Form 4 include a tax-withholding transaction?
Yes. The Form 4 shows a tax-withholding disposition of 2,275 Caterpillar shares coded “F,” at $883.50 per share. This represents shares delivered to cover tax liabilities associated with his option exercise, not an open-market sale decision by the executive.
Were any employee stock options fully exercised in this Caterpillar (CAT) Form 4?
Yes. The filing shows 7,917 employee stock options, granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan, were exercised for an equal number of common shares at $253.98 per share, leaving zero options remaining from that particular grant after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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