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    D. James Umpleby III

    Chairman of the Board and Chief Executive Officer at Caterpillar Inc
    Board
    Since 2017
    Age
    66 years
    Tenure
    Joined CAT in 1980 through a subsidiary, serving in roles including Vice President and President of Solar Turbines (2010-2012) and Group President of Energy & Transportation (2013-2016) before being promoted to CEO in 2017 and then Chairman of the Board in 2018.

    Also at Caterpillar Inc

    ARB
    Andrew R.J. Bonfield
    Chief Financial Officer
    ADF
    Anthony D. Fassino
    Group President
    BDL
    Bob De Lange
    Group President

    About

    D. James Umpleby III has built a distinguished career with CAT, demonstrating progressive leadership across various segments of the business. Starting his journey at a company subsidiary in 1980 , his long tenure has been marked by a series of key roles that have shaped CAT's operational and strategic landscape.

    His professional path includes significant milestones such as leading the Solar Turbines division as Vice President and later President from 2010 to 2012 , followed by his role as Group President for the Energy & Transportation segment from 2013 to 2016. These positions underscored his expertise in overseeing complex business units and financial responsibilities.

    Elevated to CEO in 2017 and then taking on the role of Chairman of the Board in 2018 , his leadership has not only influenced CAT's global operations but also its sustainability, diversity, and stakeholder relations. His broad experience spans over four decades, reflecting a deep commitment to the growth and innovation of the company.

    Despite a wealth of information on his professional achievements, specific details about his personal education or additional personal background have not been provided in the documents.

    $CAT Performance Under D. James Umpleby III

    Past Roles

    OrganizationRoleDate Range
    Caterpillar Inc. Group President, Energy & Transportation segment 2013–2016
    Caterpillar Inc. Vice President and President of Solar Turbines 2010–2012

    External Roles

    OrganizationRoleDate Range
    Chevron Corporation Director on the Board N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,752,500 AnnualFixed base salary for 2023
    Company Contributions to 401(k)$35,717 AnnualCompany match contribution to 401(k) plan
    Company Contributions to SDCP$671,012 AnnualContributions to Supplemental Deferred Compensation Plan

    Performance Compensation

    Data from  FY 2023

    Non-equity Incentive Plan Compensation (Cash Bonus)

    Metric [USD]Amount/Details
    Threshold$1,533,647
    Target$3,067,295
    Maximum$6,134,589
    Actual Payout$5,733,900 (1.87x target)
    Evaluation PeriodFiscal Year 2023
    Plan Cap$15 million per participant

    *Performance metrics are based on corporate and business unit results and Strategic Objectives Modifiers, with oversight by the Compensation and Human Resources Committee. *

    Equity Incentive Plan Awards (Performance-Based Restricted Stock Units)

    MetricDetails
    Grant DateMarch 6, 2023
    Grant Date Fair Value$8,499,949
    Number of Units Granted33,467 units
    Vesting ScheduleVests at end of performance period (2023-2025)
    Performance ConditionAchieve an average ROE performance hurdle

    Option Awards (Time-Based)

    MetricDetails
    Grant DateMarch 6, 2023
    Grant Date Fair Value$8,500,034
    Exercise Price$253.98 per share
    Vesting ScheduleOne-third increments on March 6, 2024, 2025, and 2026
    Performance MetricsNot applicable – these awards are time-based
    Expiration DateMarch 6, 2033