Form 4: PACCAR CFO Harrie Schippers Reports Stock Transactions and Holdings

PACCAR's President and CFO, Harrie Schippers, reported the acquisition of common stock through a dividend reinvestment and updated holdings of common stock and stock options.

Summary

• Harrie Schippers, President and CFO of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On January 8, 2025, Schippers acquired 80.284 shares of common stock at a price of $108.5 per share through a dividend reinvestment within the PACCAR Savings Investment Plan (SIP).
• Schippers also holds 114,659 shares of common stock directly.
• The filing also details Schippers' holdings of various stock options with different exercise prices and expiration dates, as well as restricted stock units under the Long Term Incentive Plan (LTIP).
• The stock options have exercise prices ranging from $33.3333 to $104.16 and expire between 2026 and 2034.
• Schippers holds 11,183.5 restricted stock units (LTIP) that convert to common stock on a one-for-one basis upon vesting.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of insider transactions, which is generally neutral. The acquisition of shares through dividend reinvestment is a slightly positive signal.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the CFO.
• The large number of stock options held by the CFO suggests a strong alignment of interests with the company's long-term performance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like PACCAR. It provides transparency into the holdings of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for all publicly traded companies in the US, including PACCAR's competitors such as Daimler Truck Holding AG and Volvo Group.
• The reported transactions are typical for executive compensation and investment plans, similar to what would be seen at other large industrial companies.
• The stock option grants are a common method of aligning executive interests with shareholder value, a practice widely used across the industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock holdings of a key executive.
• The transactions are unlikely to have a significant impact on employees, customers, or suppliers.

Key Dates

Keywords

PACCAR, Harrie Schippers, stock options, common stock, Form 4, insider trading, LTIP, dividend reinvestment, beneficial ownership, executive compensation