Form 4: PACCAR CEO Preston Feight Reports Stock Transactions
SEC Form 4
PACCAR CEO Preston Feight reports acquisition of common stock through dividend reinvestment and holdings in savings and investment plans, along with stock options and units.
Summary
- On March 5, 2025, Preston Feight, CEO of PACCAR INC, acquired 55.044 shares of common stock at $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Feight's direct holdings include 211,990 shares of common stock.
- Feight also indirectly owns 17,073.582 shares through the PACCAR Savings Investment Plan (SIP).
- Feight holds stock options for 102,330 shares exercisable from 01/01/2025 at $62.8667, expiring on 02/07/2032.
- Feight holds stock options for 141,038 shares exercisable from 01/01/2026 at $71.95, expiring on 02/08/2033.
- Feight holds stock options for 104,244 shares exercisable from 01/01/2027 at $104.16, expiring on 02/05/2034.
- Feight holds stock options for 92,768 shares exercisable from 01/01/2028 at $109.13, expiring on 02/03/2035.
- Feight also holds 65,305 stock units (LTIP).
Sentiment
Score: 6
Explanation: The document is a neutral regulatory filing. The CEO's stock ownership and participation in dividend reinvestment are mildly positive signals.
Positives
- The CEO's participation in the dividend reinvestment plan signals confidence in the company's future performance.
- The CEO's significant holdings of common stock and stock options align his interests with those of shareholders.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies like PACCAR. These transactions are subject to regulatory scrutiny to prevent insider trading.
Comparison to Industry Standards
- Executive compensation packages in the automotive and truck manufacturing industry often include a mix of salary, stock options, and restricted stock units.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans in large corporations.
- Companies like Daimler Truck, Volvo Group, and Navistar also utilize similar compensation structures for their executives.
Stakeholder Impact
- The CEO's stock transactions can influence investor sentiment, but the impact is likely to be minimal given the routine nature of the filing.
- The alignment of executive interests with shareholders through stock ownership can positively impact long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date stock options for 102,330 shares become exercisable at $62.8667. |
| 02/07/2032 | Expiration date for stock options for 102,330 shares at $62.8667. |
| 01/01/2026 | Date stock options for 141,038 shares become exercisable at $71.95. |
| 02/08/2033 | Expiration date for stock options for 141,038 shares at $71.95. |
| 01/01/2027 | Date stock options for 104,244 shares become exercisable at $104.16. |
| 02/05/2034 | Expiration date for stock options for 104,244 shares at $104.16. |
| 01/01/2028 | Date stock options for 92,768 shares become exercisable at $109.13. |
| 02/03/2035 | Expiration date for stock options for 92,768 shares at $109.13. |
| 03/05/2025 | Date of common stock acquisition through dividend reinvestment. |
| 03/06/2025 | Date of report filing. |
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