Form 4: PACCAR Executive Michael K. Walton Reports Changes in Beneficial Ownership
SEC Form 4
Vice President and General Counsel of PACCAR Inc., Michael K. Walton, reports transactions involving common stock and derivative securities, including acquisitions through the company's Savings Investment Plan and deferred compensation plans.
Summary
- Michael K. Walton, Vice President/General Counsel of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership of the company's securities.
- On March 6, 2024, Walton acquired 13.936 shares of common stock at $115.47 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Walton also acquired 30.45 stock units through a dividend reinvestment in the PACCAR Deferred Compensation Plan (DCP).
- The report indicates Walton holds 1,468 shares of common stock directly.
- Walton indirectly holds 6,114.444 shares through the PACCAR Savings Investment Plan (SIP).
- Walton directly holds 13,053.217 stock units (DCP), 2,856 stock units (LTIP), and various stock options with exercise prices ranging from $43.7067 to $104.16 and expiration dates between 2029 and 2034.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisitions of shares and stock units through dividend reinvestment plans indicate Walton's continued investment in PACCAR's future.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their investment activities in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives at publicly traded companies like PACCAR, similar to filings made by executives at competitors such as Daimler Truck Holding AG and Volvo Group.
- The details disclosed, such as the number of shares, transaction prices, and option details, are consistent with the level of information required in these filings across the industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company insider.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date exercisable for some stock options with an exercise price of $43.7067. |
| 01/01/2023 | Date exercisable for some stock options with an exercise price of $50.7867. |
| 01/01/2024 | Date exercisable for some stock options with an exercise price of $61.26. |
| 03/06/2024 | Date of the reported transactions: acquisition of common stock and stock units. |
| 03/08/2024 | Date of signature for the report. |
| 02/06/2029 | Expiration date for some stock options with an exercise price of $43.7067. |
| 02/04/2030 | Expiration date for some stock options with an exercise price of $50.7867. |
| 02/02/2031 | Expiration date for some stock options with an exercise price of $61.26. |
| 02/07/2032 | Expiration date for some stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date for some stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date for some stock options with an exercise price of $104.16. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.