Form 4: PACCAR Executive Poplawski Exercises Stock Options and Sells Shares
SEC Form 4 Filing
PACCAR's Vice President & Controller, Brice J. Poplawski, executed stock options and sold shares of common stock on May 10, 2024.
Summary
- On May 10, 2024, Brice J. Poplawski, Vice President & Controller of PACCAR INC, engaged in transactions involving PACCAR's common stock.
- Poplawski exercised stock options to acquire 1,396 shares at $61.26 and 671 shares at $50.7867.
- He then sold 2,067 shares at a weighted average price of $109.4032.
- Following these transactions, Poplawski directly owns no shares and indirectly owns 16,949.973 shares through the PACCAR Savings Investment Plan (SIP).
- He also holds options for 25,427 shares at prices ranging from $62.8667 to $104.16.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides information for investors to interpret.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The filing provides transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 01/01/2023 | Date exercisable for some stock options |
| 01/01/2024 | Date exercisable for some stock options |
| 01/01/2025 | Date exercisable for some stock options |
| 01/01/2026 | Date exercisable for some stock options |
| 01/01/2027 | Date exercisable for some stock options |
| 02/04/2030 | Expiration date for some stock options |
| 02/02/2031 | Expiration date for some stock options |
| 02/07/2032 | Expiration date for some stock options |
| 02/08/2033 | Expiration date for some stock options |
| 02/05/2034 | Expiration date for some stock options |
| 05/10/2024 | Date of stock option exercise and share sale |
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