Form 4: PACCAR Executive Michael Walton Reports Stock Transactions

Michael Walton, Vice President/General Counsel of PACCAR Inc., reports the conversion of restricted stock units to common stock and shares withheld for tax liability.

Summary

• On March 1, 2024, Michael Walton, Vice President/General Counsel of PACCAR Inc., engaged in transactions involving PACCAR's common stock and derivative securities.
• Walton converted 522 restricted stock units (LTIP) into 522 shares of common stock at a price of $0.00.
• 128 shares were withheld for payment of tax liability at a price of $110.89.
• Following these transactions, Walton directly owns 1,468 shares of common stock and indirectly owns 5,938.148 shares through the PACCAR Savings Investment Plan (SIP).
• Walton also holds various stock options with exercise prices ranging from $43.7067 to $104.16 and expiration dates between 2029 and 2034.
• Additionally, Walton holds 2,856 stock units (LTIP) and 13,022.767 stock units (DCP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect executive compensation and tax obligations.

Key Dates