Caterpillar Group President Jason Kaiser Acquires Phantom Stock Units

Caterpillar Group President Jason Kaiser recently acquired 11 phantom stock units on September 25, 2026. These units are part of the company's non-qualified deferred compensation plan and are generally the economic equivalent of one Caterpillar common share.

The units were credited at a price per share of $821.58 under the Supplemental Deferred Compensation Plan, with 6 units being credited and 5 contributed for no consideration. The total reported balance now stands at 5,449 phantom stock units, which includes adjustments for accrued dividends.

Phantom stock units represent interests in an unfunded unitized company stock fund comprised of both stock and cash, meaning the number of units Kaiser is deemed to own may change due to differences in the percentages of cash and stock in the fund on different dates. Upon retirement or separation from service, these phantom stock units will be settled 100% in cash.