Form 4: PACCAR CEO Preston Feight Executes Stock Option and Sells Shares
SEC Form 4 Filing
PACCAR's CEO, Preston Feight, exercised stock options and sold shares on July 31, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 31, 2024, Preston Feight, the CEO of PACCAR Inc., exercised stock options to acquire 36,186 shares of common stock at a price of $61.26 per share.
- Feight then sold 27,834 shares of PACCAR common stock at a weighted average price of $98.7018, with prices ranging from $98.4250 to $99.1550 per share.
- Following these transactions, Feight directly owns 162,782 shares of PACCAR common stock and indirectly owns 16,307.683 shares through the PACCAR Savings Investment Plan (SIP).
- Feight also holds various stock options with different exercise prices and expiration dates, as well as 75,982 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the executive's holdings and trading activity. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the market's interpretation of the transaction.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for some stock options. |
| 07/31/2024 | Date of stock option exercise and stock sale. |
| 02/02/2031 | Expiration date for some stock options. |
| 02/07/2032 | Expiration date for some stock options. |
| 02/08/2033 | Expiration date for some stock options. |
| 02/05/2034 | Expiration date for some stock options. |
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