Kyle Joseph Epley, Chief Financial Officer of Caterpillar Inc., filed a statement of changes in beneficial ownership on October 27, 2026, reporting the acquisition of phantom stock units in two separate transactions dated October 26, 2026.

Key Highlights

  • Reporting person: Kyle Joseph Epley, identified as Chief Financial Officer of Caterpillar Inc. (NYSE:CAT)
  • First transaction: 13 phantom stock units acquired on October 26, 2026, at a price of $692.13 per unit, bringing the running total to 5,946 units
  • Second transaction: 8 additional phantom stock units acquired on October 26, 2026, at $692.13 per unit, bringing the total to 5,954 units
  • Unit composition: The first acquisition of 13 units included 7 shares credited under the Supplemental Deferred Compensation Plan and 6 shares contributed for no consideration under plan terms
  • Settlement terms: Phantom stock units are to be settled for 100% in cash upon the reporting person's retirement or separation from service
  • Ownership form: All reported phantom stock units are held directly by the reporting person

Caterpillar CFO's Deferred Compensation Plan Unit Acquisitions

According to the filing, Kyle Joseph Epley, serving as Chief Financial Officer of Caterpillar Inc., the heavy equipment and industrial machinery manufacturer, acquired a combined 21 phantom stock units on October 26, 2026, through the company's non-qualified deferred compensation plan. The filing was signed by Nicole Puza as power of attorney for Kyle J. Epley and submitted on October 27, 2026.

The filing states that each phantom stock unit "is generally the economic equivalent of one share of Caterpillar Inc. common stock," with both transactions recorded at a price per unit of $692.13. The first block of 13 units comprised 7 shares credited as a result of excess contributions and 6 shares contributed "pursuant to the terms of the Plan for no consideration," according to the filing's explanation of responses. Following both transactions, the total reported beneficial ownership stands at 5,954 phantom stock units held directly.

The filing further notes that phantom stock units "represent interests in an unfunded unitized company stock fund comprised of stock and cash," and that the total number of units the reporting person is deemed to own "may change between any given dates due to differences in the percentages of cash and stock in the unitized fund on those dates." No transactions in non-derivative securities were reported in Table I of the filing.

What Was Disclosed

The filing reported two acquisitions of phantom stock units by Caterpillar's CFO on October 26, 2026, totaling 21 units at $692.13 each under the company's non-qualified deferred compensation plan, resulting in aggregate beneficial ownership of 5,954 units, all held directly and cash-settleable upon retirement or separation.