Form 4: PACCAR Director Mark A. Schulz Reports Changes in Beneficial Ownership

Director Mark A. Schulz reports changes in beneficial ownership of PACCAR Inc. common stock and stock units.

Summary

• On September 5, 2024, Mark A. Schulz, a director of PACCAR Inc., reported changes in beneficial ownership.
• The report indicates Schulz holds 13,456 shares of common stock directly.
• Schulz also holds 31,966.6206 stock units (RSDCP) which are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• A dividend on restricted stock units was reinvested in additional restricted stock units pursuant to the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP), resulting in the acquisition of 103.2625 stock units at a price of $92.57.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting changes in stock ownership. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like PACCAR. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for directors and officers of publicly traded companies in the United States, ensuring transparency in their trading activities.
• Companies like Daimler Truck, Volvo Group, and Navistar International also have similar reporting requirements for their executives and directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.
• It helps stakeholders understand the alignment of interests between management and shareholders.

Key Dates