Caterpillar CEO Joseph E. Creed Acquires 19 Phantom Stock Units Worth $16K

Caterpillar Inc.'s Chief Executive Officer, Joseph E. Creed, has acquired 19 phantom stock units, bringing his total reported position to 11,234 units. The phantom stock units are generally equivalent to one Caterpillar common share and will be settled entirely in cash upon retirement or separation from service.

The award included 10 units credited at $821.58 per share and 9 contributed for no consideration. Each unit is the economic equivalent of one Caterpillar common share, making it a bonus check that mirrors the stock's value growth rather than handing over actual shares.