Form 4: PACCAR Executive John N. Rich Reports Stock Transactions
SEC Form 4 Filing
John N. Rich, V.P. & Chief Tech. Officer of PACCAR INC, reports transactions involving common stock and derivative securities.
Summary
- On January 1, 2025, John N. Rich converted 2,102 restricted stock units to common stock.
- Also on January 1, 2025, Rich exercised stock options.
- On January 2, 2025, 588 shares were withheld for payment of tax liability at a price of $104.02.
- Following these transactions, Rich directly owns 3,939 shares of common stock and indirectly owns 953.152 shares through the PACCAR Savings Investment Plan (SIP).
- Rich also holds derivative securities including stock units and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of these instruments are typical for executive compensation plans in the industry.
- Companies like Daimler Truck, Volvo Group, and Navistar also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- The vesting of restricted stock units and exercise of stock options are part of the executive's compensation package, impacting their personal financial situation.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Conversion of restricted stock units to common stock and exercise of stock options. |
| 01/02/2025 | Shares withheld for payment of tax liability. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
| 02/07/2032 | Expiration date of stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date of stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date of stock options with an exercise price of $104.16. |
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