Caterpillar Group Executives Sell Millions in Shares After Exercising Stock Options

On February 2 and 4, 2026, two group presidents at U.S. construction and mining equipment maker Caterpillar Inc. (NYSE: CAT) exercised substantial stock options and sold portions of their holdings on the open market. On February 2, Group President Anthony D. Fassino acquired 15,000 shares of common stock through option exercises and, after tax withholding, sold approximately 10,700 shares at around $680 each, generating about $7 million (roughly ₩9 billion) in proceeds. On the same day and again on February 4, Group President Bob De Lange exercised tens of thousands of options granted under a 2018 long-term incentive plan, selling part of his shares at $680–705 apiece to raise about $11 million (approximately ₩14 billion). Following these transactions, regulatory filings show that Fassino and De Lange continue to hold about $28 million and $56 million worth of Caterpillar common stock, respectively (around ₩360 billion and ₩700 billion).

In its January 29 release of fourth-quarter 2025 results, Caterpillar reported record quarterly revenue of $19.1 billion and annual revenue of $67.6 billion, with its Power & Energy segment—including data-center power systems—cited as the key growth driver. Buoyed by these results and a record backlog of roughly $51 billion, CAT’s share price closed at a 52-week high of $775 on February 11, marking its fourth consecutive day of gains and trading near all-time highs.

Founded in 1925, Caterpillar is a leading global manufacturer of heavy equipment—supplying construction and mining machines, engines, industrial gas turbines, diesel-electric locomotives and more. The company is listed on the New York Stock Exchange under the ticker CAT and is headquartered in Irving, Texas. Since 2025, Joe Creed has served as CEO, guiding Caterpillar’s strategic initiatives as it approaches its centennial.