Form 4: PACCAR CEO Preston Feight Reports Stock Transactions
SEC Form 4 Filing
PACCAR CEO Preston Feight reports the conversion of restricted stock units to common stock, tax liability shares withheld, and a correction to a previously reported amount.
Summary
- On March 1, 2025, Preston Feight, CEO of PACCAR INC, converted 9,664 restricted stock units to common stock at a price of $0.00.
- Feight also disposed of 3,803 shares of common stock at $107.24 to cover tax liabilities related to vesting restricted shares and/or restricted stock units.
- Following these transactions, Feight directly owns 211,990 shares of common stock and indirectly owns 16,886.049 shares through the PACCAR Savings Investment Plan (SIP).
- A downward adjustment was made to correct a minor calculation error on a previous Form 4 filed on February 3, 2025.
- Feight also holds derivative securities including stock units (LTIP) and stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of previously filed Form 4 that contained a minor calculation error. |
| 03/01/2025 | Date of restricted stock unit conversion and tax liability share disposal. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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