Caterpillar Management

Management criteria checks 2/4

Caterpillar's CEO is Jim Umpleby, appointed in Jan 2017, has a tenure of 7.83 years. total yearly compensation is $25.83M, comprised of 6.8% salary and 93.2% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €205.15M. The average tenure of the management team and the board of directors is 4.8 years and 5.8 years respectively.

Key information

Jim Umpleby

Chief executive officer

US$25.8m

Total compensation

CEO salary percentage	6.8%
CEO tenure	7.8yrs
CEO ownership	0.1%
Management average tenure	4.8yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Umpleby's remuneration changed compared to Caterpillar's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$11b
Jun 30 2024	n/a	n/a	US$11b
Mar 31 2024	n/a	n/a	US$11b
Dec 31 2023	US$26m	US$2m	US$10b
Sep 30 2023	n/a	n/a	US$9b
Jun 30 2023	n/a	n/a	US$8b
Mar 31 2023	n/a	n/a	US$7b
Dec 31 2022	US$21m	US$2m	US$7b
Sep 30 2022	n/a	n/a	US$7b
Jun 30 2022	n/a	n/a	US$7b
Mar 31 2022	n/a	n/a	US$6b
Dec 31 2021	US$24m	US$2m	US$6b
Sep 30 2021	n/a	n/a	US$5b
Jun 30 2021	n/a	n/a	US$4b
Mar 31 2021	n/a	n/a	US$3b
Dec 31 2020	US$14m	US$2m	US$3b
Sep 30 2020	n/a	n/a	US$3b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$5b
Dec 31 2019	US$35m	US$2m	US$6b
Sep 30 2019	n/a	n/a	US$6b
Jun 30 2019	n/a	n/a	US$6b
Mar 31 2019	n/a	n/a	US$6b
Dec 31 2018	US$27m	US$1m	US$6b
Sep 30 2018	n/a	n/a	US$4b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$14m	US$1m	US$754m

Compensation vs Market: Jim's total compensation ($USD25.83M) is above average for companies of similar size in the German market ($USD4.90M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.

CEO

Jim Umpleby (66 yo)

7.8yrs

Tenure

US$25,830,332

Compensation

Mr. D. James Umpleby III, also known as Jim, has been the Chief Executive Officer and Director of Caterpillar Inc. since January 1, 2017 and has been its Chairman of the Board since December 12, 2018. Mr....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
D. Umpleby	Chairman of the Board & CEO	7.8yrs	US$25.83m	0.12% € 205.2m
Andrew R. Bonfield	Chief Financial Officer	6.2yrs	US$8.36m	0.013% € 23.8m
Joseph Creed	Chief Operating Officer	less than a year	US$7.24m	0.0050% € 8.8m
Denise Johnson	Group President of Resource Industries	8.6yrs	US$7.50m	0.0074% € 13.0m
William Schaupp	VP & Chief Accounting Officer	2.8yrs	no data	0.00035% € 616.5k
Otto Breitschwerdt	CTO & Senior VP	no data	no data	no data
Jamie Engstrom	Senior VP & Chief Information Officer	4.8yrs	no data	no data
Ryan Fiedler	Vice President of Investor Relations	no data	no data	no data
Courtney Dean	Chief Compliance Officer	2.8yrs	no data	no data
Derek Owens	Chief Legal Officer & General Counsel	less than a year	no data	0.00085% € 1.5m
Cheryl Johnson	Chief Human Resources Officer	7.3yrs	no data	0.0027% € 4.8m
Matthew Jones	Chief Audit Officer	4.8yrs	no data	no data

4.8yrs

Average Tenure

58yo

Average Age

Experienced Management: CAT1's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
D. Umpleby	Chairman of the Board & CEO	7.8yrs	US$25.83m	0.12% € 205.2m
David MacLennan	Independent Director	3.6yrs	US$329.76k	0.0013% € 2.3m
Susan Schwab	Independent Director	15.4yrs	US$324.91k	0.0022% € 3.9m
Daniel Dickinson	Independent Director	18.8yrs	US$371.63k	0.0010% € 1.8m
Debra Reed-Klages	Independent Director	9.8yrs	US$392.64k	0.0025% € 4.5m
Rayford Wilkins	Independent Director	7.8yrs	US$349.91k	0.0016% € 2.7m
Judith Marks	Independent Director	1.7yrs	US$294.91k	0.00025% € 440.3k
James Fish	Independent Director	1.7yrs	US$294.91k	0.0011% € 2.0m
Nazzic S. Keene	Independent Director	no data	no data	0.000010% € 17.6k
Gerald Johnson	Independent Director	3.7yrs	US$324.91k	0.00059% € 1.0m

5.8yrs

Average Tenure

64yo

Average Age

Experienced Board: CAT1's board of directors are considered experienced (5.8 years average tenure).

Caterpillar Management

Management criteria checks 2/4

Key information

Recent management updates

Caterpillar Inc. Announces Appointment of Nazzic S. Keene as Independent Director, Effective November 1, 2024

Caterpillar Inc., Annual General Meeting, Jun 12, 2024

David L. Calhoun Not Stand Re-Election as Board of Director of Caterpillar Inc

Chief Financial Officer recently sold €6.0m worth of stock

Chief Financial Officer recently sold €2.8m worth of stock

Caterpillar Inc Appoints Jason Kaiser as Group President of the Energy & Transportation Segment, Effective January 1, 2024

Recent updates

New major risk - Revenue and earnings growth

Caterpillar Inc. Successfully Demonstrated the Fully Autonomous Operation of Its Cat 777 Off-Highway Truck

Now 29% overvalued after recent price rise

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: US$5.09 (vs US$5.48 in 3Q 2023)

Caterpillar Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter dividend of US$1.41 announced

Caterpillar Inc. Announces Appointment of Nazzic S. Keene as Independent Director, Effective November 1, 2024

Caterpillar Inc Announces Quarterly Dividend, Payable November 20, 2024

Now 22% overvalued after recent price rise

Caterpillar Inc Introduces Groundbreaking Dynamic Energy Transfer Solution for Battery and Diesel-Electric Mining Equipment

Second quarter 2024 earnings released: EPS: US$5.50 (vs US$5.70 in 2Q 2023)

Caterpillar Inc. to Report Q2, 2024 Results on Aug 06, 2024

Upcoming dividend of US$1.41 per share

First quarter dividend of US$1.41 announced

Caterpillar Inc Raises the Quarterly Dividend, Payable August 20, 2024

Caterpillar Inc., Annual General Meeting, Jun 12, 2024

Caterpillar Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024

First quarter 2024 earnings released: EPS: US$5.78 (vs US$3.76 in 1Q 2023)

Fourth quarter dividend of US$1.30 announced

Caterpillar Inc. to Report Q1, 2024 Results on Apr 25, 2024

Caterpillar Inc. Announces Quarterly Dividend, Payable on May 20, 2024

David L. Calhoun Not Stand Re-Election as Board of Director of Caterpillar Inc

New major risk - Revenue and earnings growth

Chief Financial Officer recently sold €6.0m worth of stock

Full year 2023 earnings released: EPS: US$20.24 (vs US$12.73 in FY 2022)

Chief Financial Officer recently sold €2.8m worth of stock

Caterpillar Inc. to Report Q4, 2023 Results on Feb 05, 2024

Upcoming dividend of US$1.30 per share at 1.8% yield

Caterpillar Inc. Successfully Demonstrates to Newmont its Expanding Portfolio of Sustainable Underground Solutions and Technologies

Caterpillar Inc Appoints Jason Kaiser as Group President of the Energy & Transportation Segment, Effective January 1, 2024

Caterpillar Inc Appoints Jason Kaiser as Senior Vice President of the Electric Power Division

Caterpillar Inc. Announces Quarterly Dividend, Payable February 20, 2024

Third quarter 2023 earnings released: EPS: US$5.48 (vs US$3.89 in 3Q 2022)

Caterpillar Inc. to Report Q3, 2023 Results on Oct 31, 2023

Caterpillar Inc. Appoints Joseph E. Creed as Chief Operating Officer

Caterpillar Inc. Announces Executive Changes

Caterpillar Inc. Announces Quarterly Dividend, Payable November 20, 2023

Second quarter 2023 earnings released: EPS: US$5.70 (vs US$3.15 in 2Q 2022)

Upcoming dividend of US$1.30 per share at 2.1% yield

Caterpillar Inc. Announces Executive Changes

Caterpillar Inc. Declares Quarterly Dividend, Payable on August 18, 2023

First quarter 2023 earnings released: EPS: US$3.76 (vs US$2.88 in 1Q 2022)

Now 21% undervalued after recent price drop

Now 23% undervalued after recent price drop

Independent Director recently bought €94k worth of stock

Independent Director recently sold €1.4m worth of stock

Edward Rust Not to Stand for Re-Election to the Board of Caterpillar Inc

Caterpillar Inc. Announces Executive Changes

Full year 2022 earnings released: EPS: US$12.73 (vs US$11.93 in FY 2021)

Caterpillar Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2022

Caterpillar Inc. to Report Q4, 2022 Results on Jan 31, 2023

Upcoming dividend of US$1.20 per share

Caterpillar Names Chief Sustainability Officer Changes

Caterpillar Inc. Declares Quarterly Dividend, Payable on February 17, 2023

Caterpillar Successfully Demonstrates First Battery Electric Large Mining Truck and Invests in Sustainable Proving Ground

Chief Legal Officer & General Counsel recently sold €433k worth of stock

Third quarter 2022 earnings released: EPS: US$3.89 (vs US$2.62 in 3Q 2021)

Now 20% undervalued

Caterpillar Inc. to Report Q3, 2022 Results on Oct 27, 2022

Caterpillar Inc. Maintains Quarterly Dividend of Common Stock, Payable November 18, 2022

Caterpillar Expands Construction Industries Portfolio with Four Battery Electric Machines

Second quarter 2022 earnings released: EPS: US$3.15 (vs US$2.58 in 2Q 2021)

Now 22% undervalued after recent price drop

Caterpillar Inc. to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$1.20 per share

Now 22% undervalued after recent price drop

Caterpillar Inc. Increases Dividend, Payable on August 19, 2022

Caterpillar to Launch Demonstration Project Using Hydrogen-Fueled Combined Heat and Power System