Form 4: PACCAR Executive Exercises Options and Sells Shares
SEC Form 4
Brice J. Poplawski, Vice President & Controller of PACCAR INC, executed stock options and sold shares on October 25, 2024.
Summary
- On October 25, 2024, Brice J. Poplawski, Vice President & Controller of PACCAR INC, exercised stock options to acquire 3,000 shares of common stock at a price of $61.26 per share.
- Simultaneously, Poplawski sold 3,000 shares of common stock at a weighted average price of $106.067 per share, with prices ranging from $105.9350 to $106.1800.
- Following these transactions, Poplawski directly owns 2,000 stock options with an exercise price of $61.26, 6,369 stock options with an exercise price of $62.8667, 6,370 stock options with an exercise price of $71.95, and 6,318 stock options with an exercise price of $104.16.
- Poplawski also indirectly owns 17,052.192 shares of common stock through the PACCAR Savings Investment Plan (SIP).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are standard across the automotive and manufacturing industries.
- Companies like Caterpillar (CAT) and Cummins (CMI) also utilize stock options as part of their executive compensation packages.
- The exercise and sale of shares by executives are typical events and are usually disclosed through SEC filings like this Form 4.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding executive compensation and trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for 3,000 stock options with an expiration date of 02/02/2031. |
| 01/01/2025 | Date exercisable for 6,369 stock options with an expiration date of 02/07/2032. |
| 01/01/2026 | Date exercisable for 6,370 stock options with an expiration date of 02/08/2033. |
| 01/01/2027 | Date exercisable for 6,318 stock options with an expiration date of 02/05/2034. |
| 10/25/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 10/28/2024 | Date of signature on the Form 4 filing. |
| 02/02/2031 | Expiration date for 3,000 stock options. |
| 02/07/2032 | Expiration date for 6,369 stock options. |
| 02/08/2033 | Expiration date for 6,370 stock options. |
| 02/05/2034 | Expiration date for 6,318 stock options. |
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