Form 4: PACCAR Director John Pigott Reports Stock Unit Transactions
SEC Form 4 Filing
Director John Pigott reports transactions involving stock units and common stock holdings in PACCAR Inc.
Summary
- On June 5, 2024, Director John Pigott reported transactions related to PACCAR Inc. stock.
- These transactions involved stock units held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
- Pigott also reported holdings of common stock, including 2,283,953 shares held directly, 51,526 shares held by Grantor Retained Annuity Trusts, and 1,079,416 shares held by a trust for children.
- The reported transactions included the acquisition of 1.5749 stock units due to dividend reinvestment at a price of $110.01, and 177.5304 restricted stock units due to dividend reinvestment at a price of $110.01.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports transactions related to stock units and common stock holdings. There are no explicit positive or negative indicators.
Positives
- The report indicates continued participation in the company's RSDCP, suggesting confidence in PACCAR's future performance.
Future Outlook
The document does not contain specific forward-looking statements, but it implies continued participation in the company's compensation plans.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director's holdings and transactions.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of the reported transactions (stock units acquisition). |
| 06/06/2024 | Date of signature by Power of Attorney. |
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