David W. MacLennan - 31 Dec 2025 Form 4 Insider Report for CATERPILLAR INC (CAT)

Role: Director
Signature: /s/ Nicole Puza, POA for David W. MacLennan
Issuer symbol: CAT
Transactions as of: 31 Dec 2025
Net transactions value: +$17,265
Form type: 4
Filing time: 05 Jan 2026, 18:28:44 UTC
Previous filing: 08 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MacLennan David	Director	5205 N. O'CONNOR BOULEVARD, SUITE 100, IRVING	/s/ Nicole Puza, POA for David W. MacLennan	05 Jan 2026	0001498535

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAT	Phantom Stock Units	Award	$17,265	+30	+7.7%	$575.49	419	31 Dec 2025	Common Stock	30		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom stock unit under the company's non-qualified deferred compensation plans as reported is generally the economic equivalent of one share of Caterpillar Inc. common stock.
F2	Phantom stock units awarded or acquired in lieu of director cash compensation.
F3	The phantom stock units were acquired under the Caterpillar Inc. Director's Deferred Compensation Plan and are to be settled 100% in cash upon the reporting person's retirement or separation from service.