Caterpillar CFO Emeritus sells 15,674 shares
Caterpillar Inc. CFO Emeritus Andrew R. J. Bonfield reported option exercises, a share sale, and tax withholding-related dispositions in company stock.
Rhea-AI Filing Summary
Caterpillar Inc. CFO Emeritus Andrew R. J. Bonfield reported option exercises, a share sale, and tax withholding-related dispositions in company stock. He exercised employee stock options for 23,054 shares of common stock at strike prices of $253.98, $332.04 and $338.65 per share.
On the same date, he sold 15,674 shares of Caterpillar common stock in an open-market transaction at a weighted average price of $918.71 per share, with individual trades ranging from $918.50 to $919.33. An additional 7,380 shares were disposed of to satisfy tax obligations. After these transactions, he directly holds 52,935 shares of Caterpillar common stock.
Positive
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Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
BONFIELD ANDREW R J
Role
CFO Emeritus
Sold
15,674 shs ($14.40M)
Approx. gross sale proceeds
$14.40M
Approx. exercise cost
$6.80M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options | 11,655 | $253.98 | $2.96M |
| Exercise | Employee Stock Options | 7,673 | $338.65 | $2.60M |
| Exercise | Employee Stock Options | 3,726 | $332.04 | $1.24M |
| Exercise | Common Stock | 11,655 | $253.98 | $2.96M |
| Exercise | Common Stock | 7,673 | $338.65 | $2.60M |
| Exercise | Common Stock | 3,726 | $332.04 | $1.24M |
| Exercise Price or Tax Liability | Common Stock | 7,380 | $920.72 | $6.79M |
| Sale | Common Stock | 15,674 | $918.71 | $14.40M |
Holdings After Transaction:
Employee Stock Options — 11,286 contracts (Direct);
Common Stock — 52,935 shares (Direct)
Footnotes (4)
- F1. This transaction was executed in multiple trades at prices ranging from $918.50 to $919.33. 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. 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 on the first, second and third anniversaries of the grant date.
- F3. The stock options were granted pursuant to the Caterpillar Inc. 2023 Long-Term Incentive Plan on March 4, 2024 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
- F4. The stock options were granted pursuant to the Caterpillar Inc. 2023 Long-Term Incentive Plan on March 3, 2025 and vest equally in 1/3 increments on the first, second and third anniversaries of the grant date.
Key Figures
Shares sold: 15,674 shares
Average sale price: $918.71 per share
Options exercised: 23,054 shares
+3 more
6 metrics
Shares sold
15,674 shares
Open-market sale of Caterpillar common stock at $918.71 per share
Average sale price
$918.71 per share
Weighted average price; trades ranged from $918.50 to $919.33
Options exercised
23,054 shares
Employee stock options converted into common stock on the transaction date
Option strike prices
$253.98, $332.04, $338.65
Exercise prices for three employee stock option grants
Tax-withholding shares
7,380 shares
Shares delivered to satisfy tax liabilities on equity awards
Shares held after transactions
52,935 shares
Direct Caterpillar common stock holdings following all reported transactions
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 did Caterpillar (CAT) CFO Emeritus Andrew Bonfield do in this Form 4?
Andrew Bonfield reported exercising stock options, selling shares, and disposing of shares for taxes. He exercised options into 23,054 Caterpillar shares, sold 15,674 shares in the open market, and had 7,380 shares withheld for tax obligations, all on the same date.
How many Caterpillar (CAT) stock options did Andrew Bonfield exercise?
He exercised employee stock options covering 23,054 shares of Caterpillar common stock. These options had exercise prices of $253.98, $332.04, and $338.65 per share, and were granted under Caterpillar’s long-term incentive plans with vesting in equal one-third annual installments.
What Caterpillar (CAT) incentive plans are referenced in Andrew Bonfield’s Form 4?
The filing notes options granted under the Caterpillar Inc. 2014 Long-Term Incentive Plan and the Caterpillar Inc. 2023 Long-Term Incentive Plan. These stock options vest in equal one-third increments on the first, second, and third anniversaries of their respective grant dates.
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