Caterpillar (CAT) executive compensation, 2026 proxy

JOSEPH E. CREED, CEO, was paid $17M in 2025, up 53% from $11.1M the year before. The CEO-to-median-employee pay ratio was 196:1, on median employee pay of $89,253.

Filed
April 30, 2026
Annual meeting
June 10, 2026
Pay year
2025
Named executives
6
CEO total pay
$17M+53% vs prior year
CEO to median employee
196:1median $89,253
CEO pay in equity
74%$12.6M in awards
Prior say-on-pay support
94%of votes cast
Record Sales and Revenues
$67.6 billionHighest full-year sales in company history.
Operating Profit
$11.2 billionOperating profit margin was 16.5%.
Capital Deployed
$7.9 billionReturned to shareholders through repurchases and dividends.
Backlog
$51 billionUp 71% year-over-year.

How CREED was paid

$17M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards56%Option awards18%Non-equity incentive15%All other compensation3%

Named executive officers

ExecutiveTotal
D. JAMES UMPLEBY IIIExecutive Chairman$22,191,496
JOSEPH E. CREEDCEO$17,008,077
ANDREW R. J. BONFIELDCFO$7,447,699
BOB DE LANGEGroup President$6,020,675
DENISE C. JOHNSONGroup President$6,152,351
CHRISTY M. PAMBIANCHICHRO$10,674,916

What changed and why

  • Joseph E. Creed assumed the role of CEO during the fiscal year.
  • $67.6BIn 2025, the company delivered record sales and revenues of $67.6 billion.
  • $11.2BOperating profit reached $11.2 billion alongside strong adjusted operating profit margins.
  • $7.9BThe company deployed $7.9 billion to shareholders through share repurchases and dividends.
  • 94%Shareholders expressed strong support for executive compensation with a 94 percent say-on-pay vote.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.