Form 4: PACCAR Director Niekamp Reports Acquisition of Stock Units
SEC Form 4
Director Cynthia A. Niekamp reports the acquisition of stock units in PACCAR Inc. through dividend reinvestment.
Summary
- On March 6, 2024, Cynthia A. Niekamp, a director of PACCAR Inc. [PCAR], acquired 8.0263 stock units.
- These stock units were acquired through a dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
- The price of the derivative security was $115.47.
- Following the transaction, Niekamp directly owns 3,440.6075 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through dividend reinvestment.
Positives
- The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Acquisition of stock units. |
| 03/07/2024 | Date of signature on the report. |
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