Derrick L. York, Group President at Caterpillar Inc., filed an initial statement of beneficial ownership (Form 3) on November 2, 2026, with a triggering event date of November 1, 2026.

Key Highlights

  • Role: York is identified as Group President of Caterpillar Inc. (NYSE:CAT).
  • Direct common stock: York reported direct beneficial ownership of 1,600 shares of Caterpillar common stock.
  • Employee stock options: Three tranches of options were disclosed, covering 879 shares at $338.65 (expiring 03/04/2034), 1,862 shares at $332.04 (expiring 03/03/2035), and 1,564 shares at $752.18 (expiring 03/02/2036).
  • Phantom stock units: York reported 2,536 phantom stock units acquired under the Caterpillar Inc. Supplemental Deferred Compensation Plan, to be settled 100% in cash upon retirement or separation from service.
  • Vesting schedule: All three option grants vest equally in one-third increments on the first, second, and third anniversaries of each respective grant date.
  • Signing: The form was signed by Nicole M. Puza for Derrick L. York pursuant to a Power of Attorney (Exhibit 24).

York's Initial Ownership Disclosure at Caterpillar Inc.

According to the filing, Derrick L. York submitted a Form 3 initial statement of beneficial ownership in connection with his role as Group President at Caterpillar Inc. (NYSE:CAT). The triggering event date is listed as November 1, 2026. York directly owns 1,600 shares of Caterpillar common stock, as reported in Table I of the form.

In Table II, the filing discloses three separate employee stock option grants, all issued under the Caterpillar Inc. 2023 Long-Term Incentive Plan. The first, granted on 03/04/2024, covers 879 shares of common stock at an exercise price of $338.65, with an expiration date of 03/04/2034. The second, granted on 03/03/2025, covers 1,862 shares at $332.04, expiring 03/03/2035. The third, granted on 03/02/2026, covers 1,564 shares at $752.18, expiring 03/02/2036. According to the filing, each grant vests equally in one-third increments on the first, second, and third anniversaries of the respective grant date.

The filing also discloses 2,536 phantom stock units acquired under the Caterpillar Inc. Supplemental Deferred Compensation Plan. As the filing explains, these units "are to be settled 100% in cash upon the reporting person's retirement or separation from service." Each phantom stock unit is described as "generally equivalent to one share of Caterpillar Inc. common stock," though the filing notes the number may change between dates due to the unitized fund's composition of stock and cash. All reported holdings are held directly.

What Was Disclosed

Caterpillar Group President Derrick L. York filed an initial Form 3 disclosing direct ownership of 1,600 common shares, three employee stock option tranches totaling 4,305 underlying shares, and 2,536 phantom stock units to be settled in cash at retirement or separation.