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 stock units.
Summary
- On March 1, 2024, John N. Rich, V.P. & Chief Tech. Officer of PACCAR INC, engaged in transactions involving the company's stock.
- 913 restricted stock units were converted to common stock at a price of $0.0000.
- 223 shares were disposed of at $110.89 per share to cover tax liabilities related to vesting.
- Following these transactions, Rich directly owns 2,425 shares of common stock and indirectly owns 779.665 shares through the PACCAR Savings Investment Plan (SIP).
- Rich also holds derivative securities, including stock options with various exercise prices and expiration dates, and stock units (LTIP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of earliest transaction: conversion of restricted stock units and tax liability share disposal. |
| 03/04/2024 | Date of signature on the report. |
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