Form 4: PACCAR CFO Exercises Options, Sells Shares for Profit
Insider Trading Report
PACCAR's Senior Vice President and CFO, Brice J. Poplawski, exercised stock options and subsequently sold 5,000 shares of common stock, realizing a significant gain.
Summary
- Brice J. Poplawski, PACCAR's Sr. Vice President & CFO, engaged in transactions involving PACCAR common stock on July 25, 2025.
- Exercised options to acquire 3,000 shares of common stock at an exercise price of $62.8667 per share.
- Exercised options to acquire an additional 2,000 shares of common stock at an exercise price of $61.26 per share.
- Sold a total of 5,000 shares of common stock at a weighted average price of $100.9377 per share, with individual sale prices ranging from $100.7500 to $101.1900.
- Following these transactions, direct beneficial ownership of common stock is 468 shares.
- Indirect beneficial ownership through the PACCAR Savings Investment Plan (SIP) is 17,852.929 shares.
- Remaining unexercised stock options include 6,370 shares at a strike price of $71.95, 6,318 shares at $104.16, and 8,012 shares at $109.13.
- Holds 1,855 restricted stock units (LTIP) in a deferred phantom stock account, convertible to common stock on a one-for-one basis upon vesting.
Sentiment
Score: 7
Explanation: The sentiment is positive for the insider due to the profitable exercise and sale of shares. For the company, it's neutral to slightly negative as it represents an executive selling shares, though it's a common practice for liquidity and diversification.
Positives
- The Senior Vice President & CFO realized a significant profit by exercising stock options at lower prices ($61.26 and $62.8667) and selling the shares at a higher weighted average price of $100.9377.
- The transactions demonstrate the executive's ability to monetize vested equity compensation.
Negatives
- The sale of 5,000 shares by a senior executive could be interpreted by some investors as a reduction in direct exposure to the company's stock, although a substantial indirect holding remains.
Future Outlook
NA
Industry Context
This filing details an individual insider transaction and does not directly relate to broader industry trends or competitors, beyond the general context of executive compensation practices within publicly traded companies.
Stakeholder Impact
- Shareholders: The sale by a senior executive might be viewed neutrally or with slight concern, depending on the context of the executive's overall holdings and the market's perception of insider sales.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for 2,000 stock options with an expiration date of 02/02/2031. |
| 01/01/2025 | Date exercisable for 3,000 stock options with an expiration date of 02/07/2032. |
| 07/25/2025 | Date of stock option exercises and common stock sale. |
| 01/01/2026 | Date exercisable for 6,370 stock options with an expiration date of 02/08/2033. |
| 01/01/2027 | Date exercisable for 6,318 stock options with an expiration date of 02/05/2034. |
| 01/01/2028 | Date exercisable for 8,012 stock options with an expiration date of 02/03/2035. |
| 02/02/2031 | Expiration date for 2,000 stock options exercised. |
| 02/07/2032 | Expiration date for 3,000 stock options exercised. |
| 02/08/2033 | Expiration date for 6,370 unexercised stock options. |
| 02/05/2034 | Expiration date for 6,318 unexercised stock options. |
| 02/03/2035 | Expiration date for 8,012 unexercised stock options. |
Keywords
PACCAR, PCAR, insider trading, Form 4, stock options, share sale, executive compensation, beneficial ownership, Brice J. Poplawski
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