Form 4: PACCAR CEO Preston Feight Reports Stock Activity
Insider Transaction Report
PACCAR CEO R. Preston Feight reported the acquisition of 53.113 shares through a dividend reinvestment plan and updated his beneficial ownership of common stock and derivative securities.
Summary
- PACCAR CEO R. Preston Feight acquired 53.113 shares of PACCAR Common Stock on December 3, 2025, at a price of $108.54 per share.
- This acquisition was a dividend reinvestment through the PACCAR Savings Investment Plan (SIP).
- Following this transaction, Feight's beneficial ownership includes 17,245.214 shares held indirectly through the SIP and 223,190 shares held directly.
- The filing also details beneficial ownership of various stock options, including 51,165 options with an exercise price of $62.8667, 141,038 options at $71.95, 104,244 options at $104.16, and 92,768 options at $109.13.
- Additionally, 65,305 restricted stock units (LTIP) are beneficially owned, convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.
- The transaction was made pursuant to a Rule 10b5-1 plan.
Sentiment
Score: 5
Explanation: The filing reports a routine dividend reinvestment and an update to beneficial ownership, which is a neutral event for market sentiment. The transaction was pre-scheduled under a Rule 10b5-1 plan.
Positives
- Increased indirect beneficial ownership of PACCAR common stock through dividend reinvestment in the company's Savings Investment Plan.
Future Outlook
N/A. Form 4 filings report past transactions and beneficial ownership, not future outlook.
Industry Context
N/A. This Form 4 filing reports an individual insider transaction and does not provide broader industry context.
Stakeholder Impact
- Minimal impact on shareholders as it represents a routine, pre-scheduled insider transaction (dividend reinvestment) and an update to beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Exercisable date for stock options with an exercise price of $62.8667. |
| 12/03/2025 | Transaction date for the acquisition of common stock. |
| 12/05/2025 | Signature date of the reporting person for the filing. |
| 01/01/2026 | Exercisable date for stock options with an exercise price of $71.95. |
| 01/01/2027 | Exercisable date for stock options with an exercise price of $104.16. |
| 01/01/2028 | Exercisable date for stock options with an exercise price of $109.13. |
| 02/07/2032 | Expiration date for stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date for stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date for stock options with an exercise price of $104.16. |
| 02/03/2035 | Expiration date for stock options with an exercise price of $109.13. |
Recommendation
holdThe Form 4 filing details a routine, pre-scheduled dividend reinvestment by the CEO and an update to beneficial ownership. This type of transaction does not typically provide new material information that would warrant a change in investment recommendation. The company's fundamental outlook remains unchanged based on this filing.
Keywords
PACCAR, PCAR, Form 4, insider transaction, beneficial ownership, stock options, CEO, R. Preston Feight, dividend reinvestment, 10b5-1 plan
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