undamentalytics Newsletter

Caterpillar Inc. insider trading

Every open-market purchase and sale by Caterpillar Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Caterpillar Inc. insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Caterpillar Inc.’s insiders pay?

From February 4, 2010 to September 1, 2026, 35 insiders reported 29 open-market purchases and 152 sales not made under a pre-set plan in Caterpillar Inc. Twelve months after each purchase was reported, the shares were +17.5% against the S&P 500 on average (median +8.2%), over 27 purchases with a full year of prices; 59% beat the index. After sales, the shares moved +1.2% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on February 4, 2011 into $52,607 by November 2, 2026, +11.2% a year. It held shares 69% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $40,373 (+9.3% a year), and held throughout $75,989 (+13.8%).

$0$25.0k$50.0k$75.0k 20112013201520172019202120232025 $76.0k$52.6k$40.4k
Copying Caterpillar Inc.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Caterpillar Inc.'s insiders from February 4, 2011, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 69% of the time.
Caterpillar Inc.: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
De Lange Bob Group President 2 +31.7% (2) 100% 16 +0.3% (10) May 7, 2026
Fassino Anthony D. Group President 0 — — 13 +5.5% (7) May 12, 2026
Halverson Bradley M Group President & CFO 0 — — 12 +0.8% (12) November 29, 2017
Johnson Denise C Group President 1 +29.3% (1) 100% 11 −0.6% (8) May 15, 2026
Creed Joseph E Chief Executive Officer 0 — — 11 +3.1% (10) September 1, 2026
Lavin Richard P Group President 1 −33.1% (1) 0% 10 −19.3% (10) November 2, 2012
Maclennan David Director 10 +19.3% (8) 50% 0 — May 5, 2026
Marvel Gary Michael Chief Accounting Officer 0 — — 9 +2.5% (9) February 17, 2022
Long Suzette M CLO/General Counsel 0 — — 8 −2.1% (8) February 10, 2023
Buda James B Executive Vice President 0 — — 6 −28.2% (6) July 31, 2014
Dickinson Daniel M Director 0 — — 6 +13.4% (6) November 7, 2024
Rapp Edward J Group President 0 — — 6 −13.4% (6) August 7, 2014
Copeland Jananne A. Chief Accounting Officer 0 — — 5 −1.4% (5) November 28, 2017
Johnson Cheryl H Chief Human Resources Officer 0 — — 5 +14.2% (5) November 5, 2024
Johnson Gerald Director 5 +56.0% (5) 80% 0 — May 5, 2025
Brazil John R Director 0 — — 4 +1.4% (4) May 9, 2011
Schaupp William E Chief Accounting Officer 0 — — 4 +31.3% (1) May 14, 2026
Greene Jesse J Jr Director 3 −8.0% (3) 33% 0 — August 8, 2011
Kaiser Jason Group President 0 — — 3 +99.2% (2) May 5, 2026
Pellette Thomas A Group President 0 — — 3 −17.1% (3) May 9, 2018
Shurman Rodney Michael Group President 0 — — 3 — May 6, 2026
Wunning Steven H Group President 0 — — 3 +2.8% (3) February 2, 2012
Younessi Ramin Group President 0 — — 3 −11.8% (3) November 4, 2020
Calhoun David L Director 2 −3.7% (2) 50% 0 — May 15, 2018
Fife Eugene V Director 2 −27.3% (2) 0% 0 — May 3, 2012
Muilenburg Dennis A Director 2 +26.2% (2) 100% 0 — August 2, 2016
Oberhelman Douglas R CEO & Chairman of the Board 0 — — 2 +21.9% (2) August 2, 2011
Smith Joshua I Director 0 — — 2 +38.7% (2) February 4, 2011
Umpleby III Donald J Group President 0 — — 2 −27.4% (2) May 2, 2014
Ainsworth William P Group President 0 — — 1 −12.3% (1) October 30, 2020
Blount W Frank Director 0 — — 1 +71.6% (1) February 4, 2010
Bonfield Andrew R J CFO Emeritus 0 — — 1 — May 7, 2026
Osborn William A Director 0 — — 1 +8.5% (1) August 1, 2017
Schwab Susan C Director 0 — — 1 +77.3% (1) August 19, 2025
White Miles D Director 1 +11.7% (1) 100% 0 — February 3, 2011

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Caterpillar Inc.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Caterpillar Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 3 buying crowds with six months of prices, it averaged +20.1% against the index. After 15 selling crowds, +4.6%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
November 28, 20253 selling+25.9%+46.9%not yet
May 30, 20252 buying+11.1%+49.9%+133.9%
November 29, 20245 selling−13.4%−12.8%+33.0%
May 31, 20242 buying−1.6%+5.9%−9.6%
September 29, 20233 selling−2.8%+12.7%+11.5%
December 30, 20223 selling−11.5%−13.5%−3.3%
January 31, 20223 selling+13.3%+0.7%+33.9%
March 31, 20214 selling−14.1%−24.1%−19.1%
November 30, 20206 selling+18.7%+24.7%−13.9%
November 30, 20175 selling+4.3%+4.4%−7.6%
August 31, 20174 selling+13.2%+18.9%+1.3%
April 29, 20162 buying+1.7%+4.4%+17.8%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 18. Total returns from the month end; past patterns are not a forecast.

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