BOB DE LANGE
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The proxy statement of Caterpillar Inc reports total compensation of $6,020,675 for BOB DE LANGE in fiscal 2025, including a base salary of $925,525. Disclosed compensation is on record for 9 fiscal years. Caterpillar Inc is classified in the Farm & Heavy Construction Machinery industry within the Industrials sector. Other leadership on record at Caterpillar Inc includes D. James Umpleby III (Chairman), David W. MacLennan (Chairman and Board Member), Joseph E. Creed (Chairman, COO and Board Member) and 7 others.
Affiliation history
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Caterpillar Inc (CAT)
Proxy statement
Current
Company network
Leadership on record at Caterpillar Inc
- D. James Umpleby III Chairman
- David W. MacLennan Chairman, Board Member
- Joseph E. Creed Chairman, COO, Board Member
- Suzette M. Long General Counsel
- William E. Schaupp Chief Accounting Officer
- Daniel M. Dickinson Board Member
- David L. Calhoun Board Member
- Debra L. Reed-Klages Board Member
- Gerald Johnson Board Member
- James C. Fish Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Caterpillar Inc (CAT) | Group President | $925,525 | $6,020,675 |
| 2024 | Caterpillar Inc (CAT) | Group President | $889,950 | $8,556,855 |
| 2023 | Caterpillar Inc (CAT) | Group President | $855,700 | $7,212,091 |
| 2022 | Caterpillar Inc (CAT) | Group President | $821,850 | $6,652,296 |
| 2021 | Caterpillar Inc (CAT) | Group President | $788,100 | $7,706,710 |
| 2020 | Caterpillar Inc (CAT) | Group President | $767,400 | $4,680,895 |
| 2019 | Caterpillar Inc (CAT) | Group President | $761,800 | $5,432,179 |
| 2018 | Caterpillar Inc (CAT) | Group President The amounts reported in this column represent PRSUs granted in 2020 under the Caterpillar Inc. 2014 Long-Term Incentive Plan (LTIP) and are valued based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718, assuming the highest level of performance is achieved for the PRSUs, which at the time of grant reflected the probable level of achievement. Assumptions made in the calculation of these amounts are included in Note 3 “Stock-based compensation” to the Company’s consolidated financial statements for the fiscal year ended December 31, 2020, included in the Company’s Form 10-K filed with the SEC on February 17, 2021. The amounts reported in this column represent non-qualified stock options granted under the LTIP that are valued based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. Assumptions made in the calculation of these amounts are included in Note 3 “Stock-based compensation” to the Company’s consolidated financial statements for the fiscal year ended December 31, 2020, included in the Company’s Form 10-K filed with the SEC on February 17, 2021. As described on page 31, no annual incentive plan payments were made for 2020 due to the potential impact of the COVID-19 pandemic on Caterpillar’s business. No NEO receives preferential or above market earnings on nonqualified deferred compensation. Amounts above reflect the actuarial present value of the NEO's change in accrued benefit under all defined benefit pension plans year over year using the pension plan measurement dates for financial statement reporting purposes. See Retirement and Other Benefits on page 37 for descriptions of the pension plans, and the 2020 Pension Benefits table and related footnotes on page 43 for the present value of each NEO's accumulated pension benefits and information regarding actuarial assumptions used. All Other Compensation detail for 2020 is shown in a separate table appearing on the next page. To demonstrate how year-over-year changes in pension value impact total compensation, as determined under SEC rules, we have included this column to show total compensation without pension value changes. The amounts reported in this column are calculated by subtracting the change in pension value reported in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column, from the amounts reported in the Total Compensation column. The amounts reported in this column differ from, and are not a substitute for, the amounts reported in the Total Compensation column. | $725,001 | $7,302,619 |
| 2017 | Caterpillar Inc (CAT) | Group President The amounts reported in this column represent PRSUs granted in 2019 under the Caterpillar Inc. 2014 Long-Term Incentive Plan (LTIP) and are valued based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718, assuming the highest level of performance is achieved for the PRSUs, which at the time of grant reflected the probable level of achievement. Assumptions made in the calculation of these amounts are included in Note 3 “Stock-based compensation” to the Company’s consolidated financial statements for the fiscal year ended December 31, 2019, included in the Company’s Form 10-K filed with the SEC on February 19, 2020. The amounts reported in this column represent non-qualified stock options granted under the LTIP that are valued based on the aggregate grant date fair value computed in accordance with FASB ASC Topic 718. Assumptions made in the calculation of these amounts are included in Note 3 “Stock-based compensation” to the Company’s consolidated financial statements for the fiscal year ended December 31, 2019, included in the Company’s Form 10-K filed with the SEC on February 19, 2020. The amounts in this column reflect the AIP payments for 2019 for all NEOs except Mr. Ainsworth whose incentive plan compensation consisted of both AIP and STIP. Because no “preferred” or “above market” earnings on compensation deferred into SDCP, SEIP, and/or DEIP are received, the amount shown represents only the change between the actuarial present value of each NEO’s total accumulated pension benefit between December 31, 2018 and December 31, 2019. The amount reported for Mr. Umpleby assumes the pension benefit is payable at his earliest unreduced retirement age. Upon his initial hire with Solar Turbines Inc, a wholly owned subsidiary of Caterpillar, on July 7, 1980, Mr. Umpleby became eligible to participate in the Solar Turbines Inc. Retirement Plan and the Solar Turbines Incorporated Managerial Retirement Objective Plan (Solar MRO). The Solar Turbines Inc. Retirement Plan was merged into the Retirement Income Plan (RIP) as of January 1, 2015; however, all benefit and eligibility provisions of the plan remain unchanged in the merger as described in Supplement O (Solar RP) to RIP. Mr. Umpleby’s change in pension value was primarily due to an increase in his annual pensionable earnings (which include base and annual cash incentive pay) resulting from an additional year of compensation as CEO. The pension benefit is based on the average of the highest consecutive 36 months of pensionable earnings in the 10-year period prior to the determination date of December 31, 2019, the same date on which the Solar RP and Solar MRO were frozen for all participating employees, including Mr. Umpleby. During Mr. Umpleby’s tenure as CEO, there have been no changes made to the plans’ benefit formula provisions (other than to freeze benefit accruals) and Mr. Umpleby’s benefit is determined in the same manner as any similarly situated management employee with a similar service and compensation history. All Other Compensation detail for 2019 is shown in a separate table appearing on the next page. To demonstrate how year-over-year changes in pension value impact total compensation, as determined under SEC rules, we have included this column to show total compensation without pension value changes. The amounts reported in this column are calculated by subtracting the change in pension value reported in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column, from the amounts reported in the Total Compensation column. The amounts reported in this column differ from, and are not a substitute for, the amounts reported in the Total Compensation column. | $664,221 | $7,722,703 |
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