Caterpillar (NYSE: CAT) Group President exercises options and sells 6,196 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caterpillar Group President Denise C. Johnson exercised employee stock options and sold shares in the company on May 13, 2026. She exercised 7,900 Employee Stock Options at $196.70 per share to acquire the same number of Caterpillar common shares. To cover tax obligations, 1,704 shares were disposed of through a tax-withholding transaction at $911.61 per share, which is not an open-market sale. Johnson then completed open-market sales of 3,546 shares at $909.46 and 2,650 shares at $910.24, totaling 6,196 shares sold. After these transactions, she directly owned 49,825 shares of common stock and held 16,078 employee stock options under the company’s long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,196 shares ($5,637,081)
Net Sell
5 txns
Insider
Johnson Denise C
Role
Group President
Sold
6,196 shs ($5.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 7,900 | $196.70 | $1.55M |
| Exercise | Common Stock | 7,900 | $196.70 | $1.55M |
| Tax Withholding | Common Stock | 1,704 | $911.61 | $1.55M |
| Sale | Common Stock | 3,546 | $909.46 | $3.22M |
| Sale | Common Stock | 2,650 | $910.24 | $2.41M |
Holdings After Transaction:
Employee Stock Options — 16,078 shares (Direct, null);
Common Stock — 57,725 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $909.10 to $910.08. 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 $910.17 to $910.47. 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 stock options were granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan on March 7, 2022 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
Key Figures
Shares sold: 6,196 shares
Sale prices: $910.24 and $909.46 per share
Options exercised: 7,900 shares at $196.70/share
+4 more
7 metrics
Shares sold
6,196 shares
Open-market sales of common stock on May 13, 2026
Sale prices
$910.24 and $909.46 per share
Weighted average prices for 2,650 and 3,546 shares sold
Options exercised
7,900 shares at $196.70/share
Employee Stock Options converted into common stock
Tax-withholding shares
1,704 shares at $911.61/share
Shares delivered to satisfy tax liability
Post-transaction holdings
49,825 shares
Common stock directly owned after all transactions
Remaining options
16,078 options
Employee Stock Options outstanding after the exercise
Option expiration
March 7, 2032
Expiration date for the exercised option grant
Key Terms
weighted average sale price, tax-withholding disposition, Employee Stock Options, Long-Term Incentive Plan, +1 more
5 terms
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
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.
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.
Long-Term Incentive Plan financial
"granted pursuant to the Caterpillar Inc. 2014 Long-Term Incentive Plan"
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did CAT Group President Denise C. Johnson report?
Denise C. Johnson exercised options, had shares withheld for taxes, and sold stock. She exercised 7,900 options, 1,704 shares were withheld for taxes, and 6,196 shares were sold in open-market transactions on May 13, 2026.
What stock options did Denise C. Johnson exercise in this Caterpillar (CAT) Form 4?
Johnson exercised 7,900 employee stock options at $196.70 per share. These options, granted under the Caterpillar 2014 Long-Term Incentive Plan, converted into 7,900 common shares as part of a scheduled vesting and exercise event.
How many Caterpillar (CAT) employee stock options does Denise C. Johnson still hold?
Following the option exercise, Johnson holds 16,078 employee stock options. This remaining derivative position is reported after exercising 7,900 options linked to Caterpillar common stock on May 13, 2026.