Form 4: PACCAR CFO Harrie Schippers Reports Stock Transactions

PACCAR's CFO, Harrie Schippers, executed stock transactions involving the vesting of restricted stock units and shares withheld for tax obligations.

Summary

• Harrie Schippers, the President and CFO of PACCAR Inc., reported transactions involving PACCAR common stock and stock units.
• On January 1, 2025, 12,739 restricted stock units converted to common stock at a price of $0.00 per share.
• Following this conversion, Mr. Schippers directly owned 118,297 shares of common stock.
• On January 2, 2025, 3,638 shares were withheld at a price of $104.02 per share to cover tax liabilities related to the vesting of restricted shares and/or restricted stock units.
• After this transaction, Mr. Schippers directly owned 114,659 shares of common stock.
• Mr. Schippers also indirectly owns 2,905.754 shares through the PACCAR Savings Investment Plan (SIP).
• The report also details various stock options held by Mr. Schippers with different exercise prices and expiration dates.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock transactions by a company executive, which is neither positive nor negative in itself. The transactions are part of standard compensation practices.

Industry Context

This is a routine SEC Form 4 filing, which is standard practice for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key executives.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the US, including PACCAR's competitors such as Daimler Truck, Volvo Group, and Navistar.
• The transactions reported are typical for executive compensation, involving the vesting of restricted stock units and the withholding of shares for tax purposes, which is common across the industry.
• The stock option grants are also a standard part of executive compensation packages, with vesting schedules and expiration dates that are typical for the industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

PACCAR, stock transactions, Form 4, insider trading, restricted stock units, stock options, Harrie Schippers, executive compensation