Form 4: PACCAR CEO Preston Feight Reports Stock Transactions
SEC Form 4 Filing
PACCAR CEO Preston Feight reports acquisition of common stock through dividend reinvestment and holdings of derivative securities.
Summary
- On September 5, 2024, Preston Feight, CEO of PACCAR INC, acquired 52.985 shares of common stock at a price of $92.57 per share through a dividend reinvestment within the PACCAR Savings Investment Plan (SIP).
- Following this transaction, Feight directly owns 162,782 shares of PACCAR common stock.
- Feight also indirectly owns 16,360.859 shares through the PACCAR Savings Investment Plan (SIP).
- Feight holds derivative securities including stock options with various exercise prices and expiration dates, as well as stock units (LTIP).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by the CEO. The dividend reinvestment could be seen as a slightly positive signal.
Positives
- The CEO's participation in the dividend reinvestment plan signals confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding the CEO's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for stock option with exercise price of $61.26 |
| 01/01/2025 | Date exercisable for stock option with exercise price of $62.8667 |
| 01/01/2026 | Date exercisable for stock option with exercise price of $71.95 |
| 01/01/2027 | Date exercisable for stock option with exercise price of $104.16 |
| 02/02/2031 | Expiration date for stock option with exercise price of $61.26 |
| 02/07/2032 | Expiration date for stock option with exercise price of $62.8667 |
| 02/08/2033 | Expiration date for stock option with exercise price of $71.95 |
| 02/05/2034 | Expiration date for stock option with exercise price of $104.16 |
| 09/05/2024 | Date of transaction: Acquisition of common stock through dividend reinvestment. |
| 09/06/2024 | Date of signature for the report. |
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