Insider transactions
Caterpillar Group President Bob De Lange completed a series of stock transactions on February 11, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The filing shows he sold 12,507 shares of Caterpillar common stock for an aggregate amount of approximately $9.59 million. Those sales were carried out across multiple trades at prices ranging from $766.95 to $767.66 per share.
Options exercised and additional disposition
The SEC filing also records that De Lange exercised options to acquire 15,000 shares of Caterpillar common stock at an exercise price of $127.60 per share, representing a total exercise value of $1,914,000. In addition, the filing indicates a disposition of 2,493 shares for $1,913,726, with a stated price of $767.64 per share for that disposition.
Post-transaction holdings
Following the series of transactions reported in the Form 4, De Lange is listed as directly owning 84,997 shares of Caterpillar common stock.
Quarterly results noted in filing
The insider activity was reported in the same period that Caterpillar released its fourth-quarter 2025 financial results. The company posted earnings per share of $5.16, ahead of the consensus forecast of $4.70. Revenue for the quarter totaled $19.1 billion, exceeding expectations by 7%.
The earnings release and related commentary have drawn investor interest and attention from analysts, with the filing noting that some analyst firms may adjust their outlooks in light of the stronger-than-expected performance. The report and subsequent earnings call were highlighted as significant developments for investors assessing the company’s financial position.
Context and limitations
The Form 4 and the earnings summary present discrete facts about share sales, option exercises, ownership levels, and quarterly financial outcomes. The filings do not provide further detail on the motives behind the insider transactions, and the article reflects only the items disclosed in the SEC filing and the company’s reported quarterly results.
Takeaway
The filing records a sizeable set of transactions by a senior executive on February 11, 2026, coinciding with the period in which Caterpillar reported a fourth-quarter earnings beat. The documents show the mechanics of the trades, the exercise of stock options at a markedly lower strike price, and the executive’s remaining direct stake in the company following those actions.