Form 4: PACCAR Executive Kevin Baney Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Kevin Baney reports the vesting of restricted stock units and associated tax withholding, along with a correction to a previously filed Form 4.
Summary
- Kevin Baney, an Executive Vice President at PACCAR INC, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On March 1, 2025, 1,237 restricted stock units (LTIP) vested and were converted to common stock.
- 302 shares were withheld for payment of tax liability related to the vesting of restricted shares and/or restricted stock units at a price of $107.24.
- A minor calculation error on a previous Form 4 filed on February 3, 2025, resulted in a downward adjustment to the number of shares.
- Baney directly owns 10,292 shares of common stock after the reported transactions.
- Baney indirectly owns 5,579.07 shares through the PACCAR Savings Investment Plan (SIP).
- Baney also holds various stock options with exercise prices ranging from $50.7867 to $109.13 and expiration dates between 2030 and 2035.
- The filing was signed by Michael R. Beers under Power of Attorney on March 4, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the vesting of previously awarded compensation and provides insight into executive stock ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/01/2023 | Date exercisable for stock options with expiration date 02/04/2030 and exercise price $50.7867 |
| 01/01/2024 | Date exercisable for stock options with expiration date 02/02/2031 and exercise price $61.26 |
| 01/01/2025 | Date exercisable for stock options with expiration date 02/07/2032 and exercise price $62.8667 |
| 01/01/2025 | Vesting date of 1,237 restricted stock units (LTIP). |
| 01/01/2026 | Date exercisable for stock options with expiration date 02/08/2033 and exercise price $71.95 |
| 01/01/2027 | Date exercisable for stock options with expiration date 02/05/2034 and exercise price $104.16 |
| 01/01/2028 | Date exercisable for stock options with expiration date 02/03/2035 and exercise price $109.13 |
| 02/03/2025 | Date of previously filed Form 4 that contained a minor calculation error. |
| 03/01/2025 | Transaction date for the vesting of restricted stock units and tax withholding. |
| 03/04/2025 | Date of the Form 4 filing. |
| 02/04/2030 | Expiration date for stock options with exercise price $50.7867 |
| 02/02/2031 | Expiration date for stock options with exercise price $61.26 |
| 02/07/2032 | Expiration date for stock options with exercise price $62.8667 |
| 02/08/2033 | Expiration date for stock options with exercise price $71.95 |
| 02/05/2034 | Expiration date for stock options with exercise price $104.16 |
| 02/03/2035 | Expiration date for stock options with exercise price $109.13 |
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