Form 4: PACCAR Executive Todd R. Hubbard Reports Stock Transactions

PACCAR Vice President Todd R. Hubbard reports the acquisition and disposal of company stock and stock units, including transactions related to vesting and tax obligations.

Summary

• Todd R. Hubbard, a Vice President at PACCAR Inc., reported several transactions involving PACCAR common stock and stock units.
• On January 1, 2025, 3,278 restricted stock units converted to common stock at a price of $0.00 per share.
• Also on January 1, 2025, 3,278 stock units were acquired and 6,339 shares were disposed of.
• On January 2, 2025, 876 shares were disposed of at a price of $104.02 per share to cover tax liabilities.
• Following these transactions, Mr. Hubbard directly owns 5,463 shares of common stock and indirectly owns 6,420.375 shares through the PACCAR Savings Investment Plan (SIP).
• Mr. Hubbard also holds various stock options with different exercise prices and expiration dates, including options for 9,904 shares at $43.7067, 2,000 shares at $45.7933, 11,055 shares at $50.7867, 12,279 shares at $61.26, 11,574 shares at $62.8667, 12,512 shares at $71.95, and 9,320 shares at $104.16.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like PACCAR, which is comparable to other large industrial manufacturers such as Caterpillar (CAT) and Deere & Company (DE).
• The vesting schedules and stock option grants are typical components of executive compensation packages in these types of companies.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of shares.
• The transactions are part of the executive's compensation and do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

PACCAR, stock transactions, insider trading, stock options, restricted stock units, executive compensation, SEC Form 4