Form 4: PACCAR Executive Michael Walton Reports Stock Sale and Holdings
SEC Form 4
Michael Walton, Vice President/General Counsel of PACCAR Inc., reported the sale of 1,338 shares of common stock at $106.5236 per share and disclosed holdings in common stock, stock options, and stock units.
Summary
- Michael Walton, a Vice President/General Counsel at PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 7, 2024, Walton sold 1,338 shares of PACCAR common stock at a price of $106.5236 per share.
- Following the transaction, Walton directly owns 130 shares of common stock.
- Walton also indirectly owns 6,114.444 shares through the PACCAR Savings Investment Plan (SIP).
- Walton holds stock options for 7,302 shares (exercisable from 01/01/2025), 7,918 shares (exercisable from 01/01/2026), and 6,108 shares (exercisable from 01/01/2027).
- Walton also holds 13,053.217 stock units under the Deferred Compensation Plan (DCP) and 2,856 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an executive's stock sale and holdings; it doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are routinely monitored by investors to gauge management's perspective on the company's valuation and future prospects. Form 4 filings are a standard part of regulatory compliance for corporate insiders.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the overall market perception of insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of stock sale transaction |
| 05/09/2024 | Date of Form 4 filing |
| 01/01/2025 | Earliest exercisable date for 7,302 stock options |
| 02/07/2032 | Expiration date for 7,302 stock options |
| 01/01/2026 | Earliest exercisable date for 7,918 stock options |
| 02/08/2033 | Expiration date for 7,918 stock options |
| 01/01/2027 | Earliest exercisable date for 6,108 stock options |
| 02/05/2034 | Expiration date for 6,108 stock options |
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