Form 4: PACCAR Executive Michael Walton Reports Stock Transactions
SEC Form 4
Michael Walton, Vice President/General Counsel of PACCAR Inc., reports the acquisition and disposition of PACCAR common stock and derivative securities on May 6, 2024.
Summary
- On May 6, 2024, Michael Walton, Vice President/General Counsel of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership.
- Walton acquired 6,273 shares of common stock at $61.26, 1,602 shares at $43.7067, and 1,248 shares at $50.7867 through option exercises.
- He also disposed of 9,123 shares of common stock at $105.1102.
- Following these transactions, Walton directly owns 1,468 shares of common stock and indirectly owns 6,114.444 shares through the PACCAR Savings Investment Plan (SIP).
- Walton also holds various stock options with exercise prices ranging from $43.7067 to $104.16, as well as stock units under the Deferred Compensation Plan (DCP) and Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date exercisable for 1,602 shares at $43.7067 |
| 01/01/2023 | Date exercisable for 1,248 shares at $50.7867 |
| 01/01/2024 | Date exercisable for 6,273 shares at $61.26 |
| 01/01/2025 | Date exercisable for 7,302 shares at $62.8667 |
| 01/01/2026 | Date exercisable for 7,918 shares at $71.95 |
| 01/01/2027 | Date exercisable for 6,108 shares at $104.16 |
| 02/06/2029 | Expiration date for 1,602 shares at $43.7067 |
| 02/04/2030 | Expiration date for 1,248 shares at $50.7867 |
| 02/02/2031 | Expiration date for 6,273 shares at $61.26 |
| 02/07/2032 | Expiration date for 7,302 shares at $62.8667 |
| 02/08/2033 | Expiration date for 7,918 shares at $71.95 |
| 02/05/2034 | Expiration date for 6,108 shares at $104.16 |
| 05/06/2024 | Date of earliest transaction |
| 05/06/2024 | Date of report |
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