Form 4: PACCAR CEO Preston Feight Reports Stock Transactions

PACCAR CEO Preston Feight reports the conversion of restricted stock units to common stock and shares withheld for tax liability.

Summary

• On March 1, 2024, Preston Feight, CEO of PACCAR Inc., converted 10,859 restricted stock units (LTIP) into common stock at a price of $0.00 per share.
• The transaction increased his direct holdings of common stock by 10,859 shares, bringing the total to 156,354 shares.
• Additionally, 4,274 shares were disposed of at $110.89 per share to cover tax liabilities related to the vesting of restricted shares and/or restricted stock units, reducing his direct holdings to 152,080 shares.
• Feight also indirectly owns 16,055.171 shares of common stock through the PACCAR Savings Investment Plan (SIP).
• He also holds multiple stock options with varying exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details provided are consistent with regulatory requirements for disclosing changes in beneficial ownership.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They reflect the CEO's compensation and tax obligations.

Key Dates