Form 4: PACCAR Director McGeary Reports Stock Unit Acquisition
SEC Form 4 Filing
Director Roderick C. McGeary reports acquisition of stock units in PACCAR Inc. through dividend reinvestment.
Summary
- On June 5, 2024, Roderick C. McGeary, a director of PACCAR Inc., acquired 128.816 stock units through dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
- These restricted stock units are held in a deferred phantom stock account and are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
- The price of the stock units was $110.01.
- Following the transaction, McGeary directly owns 47,365.6285 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding insider transactions, and does not contain information that would significantly impact sentiment.
Positives
- The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company.
Future Outlook
The report does not contain any specific forward-looking statements regarding PACCAR's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: Acquisition of stock units. |
| 06/06/2024 | Date of report filing. |
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