Form 4: PACCAR Director Mark A. Schulz Acquires Shares and Holds Stock Units

Director Mark A. Schulz acquired 1,693 shares of PACCAR common stock at $103.42 per share and holds 32,047.6103 stock units.

Summary

• Mark A. Schulz, a director at PACCAR Inc., acquired 1,693 shares of common stock on January 2, 2025, at a price of $103.42 per share.
• Following this transaction, Mr. Schulz directly owns 15,149 shares of PACCAR common stock.
• Mr. Schulz also holds 32,047.6103 stock units, which are convertible to common stock on a 1-for-1 basis upon vesting.
• These stock units are held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).

Sentiment

Score: 6

Explanation: The document is a routine filing of a director's stock transactions, which is neither positive nor negative in itself. It indicates normal activity within the company.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.
• The holding of stock units aligns the director's interests with those of the shareholders.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US, including PACCAR's competitors such as Daimler Truck Holding AG and Volvo Group.
• The reporting of stock acquisitions and stock units by directors is a common occurrence and is generally in line with industry standards for executive compensation and transparency.

Stakeholder Impact

• The stock acquisition by a director may be viewed positively by shareholders, indicating confidence in the company's prospects.
• The holding of stock units aligns the director's interests with those of the shareholders.

Key Dates

Keywords

PACCAR, Director, Stock Acquisition, Stock Units, RSDCP, Common Stock, Beneficial Ownership, Form 4