Johnson Denise C, Group President at Caterpillar Inc. (CAT), has demonstrated a clear selling bias in recent insider transactions, with $59.8 million in total sales outweighing $12.3 million in purchases across 26 filings. The activity has been exclusively concentrated in CAT shares, with no other company holdings disclosed. A significant portion of the selling occurred in a single day on February 2, 2026, when Johnson disposed of shares across multiple transactions totaling $29.2 million, including a $13.7 million sale and several others ranging from $678,520 to $5 million. That same day, Johnson also acquired shares worth $23.2 million through market purchases and derivative transactions coded as "M" and "F."
More recently, the pattern has shifted to consistent selling without offsetting buys. Between February 4 and March 4, 2026, Johnson executed eight sales, including a $7.6 million transaction on February 4 and smaller dispositions in early March valued at $242,346 and $255,493. The only non-sale activity in this period involved minor acquisitions through equity awards (coded "A") with negligible dollar values. The transactions suggest a reduction in exposure to CAT, particularly given the absence of any meaningful purchases since the February 2 buying activity. The sales have been executed at varying scales, from six-figure dispositions to multimillion-dollar reductions in holdings.
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