Form 4: PACCAR Director Luiz Antonio Dos Santos Pretti Reports Stock Unit Transactions

Director Luiz Antonio Dos Santos Pretti reports acquisition of stock units in PACCAR INC through deferred compensation and restricted stock plans.

Summary

• Luiz Antonio Dos Santos Pretti, a director of PACCAR INC, filed a Form 4 with the SEC.
• The report details transactions involving stock units acquired through the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• On September 3, 2024, Pretti acquired 66.1148 stock units at a price of $95.56, resulting from deferred cash compensation.
• Additionally, 864 restricted stock units (RSDCP) were acquired on the same date.
• Following these transactions, Pretti directly owns 66.1148 stock units and 864 restricted stock units.
• These stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of the director's status or satisfaction of vesting conditions.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and ownership.

Key Dates