Caterpillar (NYSE: CAT) CFO gets stock grant and new options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caterpillar Inc. Chief Financial Officer Kyle Joseph Epley reported routine equity compensation awards. He received a grant of 515 shares of common stock, bringing his direct holdings to 17,705 shares. He was also granted 1,394 employee stock options with an exercise price of $897.45 per share, expiring on May 8, 2036.
The stock options were granted under the Caterpillar Inc. 2023 Long-Term Incentive Plan and vest in three equal installments: one-third on the first anniversary of the grant date, one-third on March 2, 2028, and one-third on March 2, 2029. In addition, Epley reported indirect ownership of 3,186 common shares held in a 401(k) plan based on a statement dated as of April 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Epley Kyle Joseph
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 1,394 | $0.00 | -- |
| Grant/Award | Common Stock | 515 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 1,394 shares (Direct, null);
Common Stock — 17,705 shares (Direct, null);
Common Stock — 3,186 shares (Indirect, Held by 401(k) plan)
Footnotes (1)
- The information in this report is based on a 401(k) plan statement dated as of April 30, 2026. The stock options were granted pursuant to the Caterpillar Inc. 2023 Long-Term Incentive Plan and vest equally in 1/3 increments. 1/3 vests on the first anniversary of the grant date; 1/3 vests on March 2, 2028 and 1/3 vests on March 2, 2029.
Key Figures
Stock grant: 515 shares
Direct holdings after grant: 17,705 shares
Stock options granted: 1,394 options
+3 more
6 metrics
Stock grant
515 shares
Common stock awarded to CFO on May 8, 2026
Direct holdings after grant
17,705 shares
Caterpillar common stock directly owned by CFO after award
Stock options granted
1,394 options
Employee stock options granted on May 8, 2026
Option exercise price
$897.45 per share
Exercise price for new employee stock options
Option expiration
May 8, 2036
Expiration date of granted employee stock options
401(k) plan shares
3,186 shares
Indirect Caterpillar holdings in 401(k) as of April 30, 2026
Key Terms
401(k) plan, Employee Stock Options, Long-Term Incentive Plan, vesting
4 terms
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, transaction_type: derivative"
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. 2023 Long-Term Incentive Plan and vest equally in 1/3 increments."
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.
vesting financial
"1/3 vests on the first anniversary of the grant date; 1/3 vests on March 2, 2028 and 1/3 vests on March 2, 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Caterpillar (CAT) CFO Kyle Epley report in this Form 4?
Caterpillar CFO Kyle Epley reported routine equity compensation changes, including a stock grant and new stock options. The filing also updates his direct share ownership and 401(k) plan holdings, giving a clearer picture of his total Caterpillar equity position.
What stock options did the Caterpillar (CAT) CFO receive?
Epley was granted 1,394 employee stock options on Caterpillar shares with an exercise price of $897.45 per share. These options expire on May 8, 2036 and represent a long-term incentive component of his compensation package.
How do the new Caterpillar (CAT) options granted to the CFO vest?
The 1,394 stock options vest in three equal parts under Caterpillar’s 2023 Long-Term Incentive Plan. One-third vests on the first anniversary of the grant date, one-third on March 2, 2028, and the final third on March 2, 2029.
What are the Caterpillar (CAT) CFO’s reported 401(k) holdings?
Epley reported indirect ownership of 3,186 Caterpillar common shares held in a 401(k) plan. This figure is based on a 401(k) plan statement dated as of April 30, 2026, reflecting retirement-plan holdings separate from his directly owned shares.