Caterpillar (NYSE: CAT) exec sells 9,152 shares, exercises 12,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caterpillar Inc. Group President Anthony D. Fassino executed a combined option exercise, tax withholding, and share sale in Caterpillar common stock. He exercised 12,000 employee stock options at $219.76 per share granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and received the underlying common shares.
To cover taxes, 2,848 shares were disposed of as a tax-withholding transaction at $925.74 per share. He then completed open-market sales of 8,802 shares at a weighted average price of $926.23 and 350 shares at a weighted average price of $926.83, each executed in multiple trades within the price ranges specified in the footnotes. After these transactions, Fassino directly owns 46,041 shares of Caterpillar common stock and indirectly holds 1,508 shares through a 401(k) plan as of an April 30, 2026 statement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,152 shares ($8,477,067)
Net Sell
6 txns
Insider
Fassino Anthony D.
Role
Group President
Sold
9,152 shs ($8.48M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 12,000 | $219.76 | $2.64M |
| Exercise | Common Stock | 12,000 | $219.76 | $2.64M |
| Tax Withholding | Common Stock | 2,848 | $925.74 | $2.64M |
| Sale | Common Stock | 8,802 | $926.23 | $8.15M |
| Sale | Common Stock | 350 | $926.83 | $324K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options — 21,403 shares (Direct, null);
Common Stock — 58,041 shares (Direct, null);
Common Stock — 1,508 shares (Indirect, Held by 401(k) plan)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $925.67 to $926.56. 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. This transaction was executed in multiple trades at prices ranging from $926.67 to $926.85. 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. 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. 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: 12,000 shares at $219.76
Open-market sale 1: 8,802 shares at $926.23
Open-market sale 2: 350 shares at $926.83
+3 more
6 metrics
Options exercised
12,000 shares at $219.76
Employee stock options converted to common stock
Open-market sale 1
8,802 shares at $926.23
Weighted average sale price, executed in multiple trades
Open-market sale 2
350 shares at $926.83
Weighted average sale price, executed in multiple trades
Tax withholding shares
2,848 shares at $925.74
Shares disposed to cover tax liabilities
Direct holdings after transactions
46,041 shares
Caterpillar common stock held directly by executive
401(k) plan holdings
1,508 shares
Indirect Caterpillar common stock held via 401(k) as of April 30, 2026
Key Terms
tax-withholding disposition, Employee Stock Options, weighted average sale price, 401(k) plan, +1 more
5 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
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.
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.
Long-Term Incentive Plan financial
"granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 1, 2021"
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
What did Caterpillar (CAT) executive Anthony Fassino report in this Form 4?
Anthony D. Fassino reported exercising 12,000 employee stock options and related transactions in Caterpillar common stock. The filing shows tax-withholding share dispositions and open-market sales, along with his updated direct and 401(k) plan holdings after these moves.
How many Caterpillar (CAT) stock options did the executive exercise and at what price?
He exercised 12,000 employee stock options at $219.76 per share. These options were granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and relate to underlying Caterpillar common stock, with vesting in equal one-third increments on three anniversaries.
What does the Form 4 reveal about Caterpillar (CAT) 401(k) plan holdings?
The Form 4 shows 1,508 Caterpillar common shares held indirectly for Anthony D. Fassino in a 401(k) plan. This information is based on a 401(k) plan statement dated April 30, 2026, indicating retirement-plan ownership separate from his directly held shares.