Jason Kaiser, Group President at Caterpillar Inc., filed a Form 4 on August 27, 2026, reporting the acquisition of 11 phantom stock units in the company's non-qualified deferred compensation plan on August 26, 2026.

Key Highlights

  • Reporting person: Jason Kaiser, identified as Group President of Caterpillar Inc. (NYSE:CAT)
  • Transaction date: August 26, 2026, with 11 phantom stock units acquired (transaction code A)
  • Unit composition: 6 shares credited to the account at $821.93 per share and 5 shares contributed for no consideration under the Supplemental Deferred Compensation Plan
  • Price per unit: $821.93, as stated in the filing
  • Post-transaction holdings: 5,476 phantom stock units beneficially owned, held directly, including adjustments for dividends accrued
  • Settlement terms: Phantom stock units are to be settled 100% in cash upon retirement or separation from service

Caterpillar Deferred Compensation Plan Activity for Group President Kaiser

According to the filing, Jason Kaiser, serving as Group President, reported derivative securities activity under Caterpillar Inc.'s non-qualified deferred compensation plan. The transaction, dated August 26, 2026, involved the acquisition of 11 phantom stock units. The filing states that each phantom stock unit "is generally the economic equivalent of one share of Caterpillar Inc. common stock."

The filing breaks down the 11 acquired units into two components. Six shares were credited to Kaiser's account under the Supplemental Deferred Compensation Plan at a price per share of $821.93. The remaining 5 shares were contributed to his account "pursuant to the terms of the Plan for no consideration." Following these transactions, Kaiser's total beneficial ownership of phantom stock units stood at 5,476, held directly.

The filing notes that the post-transaction unit count of 5,476 includes adjustments for dividends accrued. It further discloses that phantom stock units "represent interests in an unfunded unitized company stock fund comprised of stock and cash," and that the 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." The units carry no expiration date as listed and are to be settled entirely in cash upon retirement or separation from service. The form was signed by Nicole Puza as power of attorney for Jason E. Kaiser and filed on August 27, 2026.

What Was Disclosed

The filing reports the addition of 11 phantom stock units to Jason Kaiser's deferred compensation account at Caterpillar Inc. on August 26, 2026, bringing his total holdings to 5,476 units, all held directly and settleable in cash.