Form 4: PACCAR Executive Vice President Darrin C. Siver Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Darrin C. Siver of PACCAR Inc. reports the acquisition of common stock and stock units, along with holdings in various stock option plans.
Summary
- Darrin C. Siver, an Executive Vice President at PACCAR Inc., reported several transactions involving the company's stock.
- On January 8, 2025, Siver acquired 649.177 shares of common stock at a price of $108.50 per share through the PACCAR Savings Investment Plan (SIP).
- He also holds 24,158.443 shares indirectly through the PACCAR Savings Investment Plan (SIP).
- Additionally, Siver acquired 331.676 stock units under the PACCAR Deferred Compensation Plan (DCP), also on January 8, 2025.
- Siver has various stock options with different exercise prices and expiration dates, including 24,411 options exercisable from January 1, 2022, and expiring on February 6, 2029.
- He also holds 6,142 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 7
Explanation: The document is a routine disclosure of stock transactions, which is generally neutral. The acquisition of shares by an executive could be seen as a positive sign, but it's not a major event.
Positives
- The acquisition of shares and stock units by an executive may indicate confidence in the company's future performance.
- The reinvestment of dividends in the PACCAR Savings Investment Plan (SIP) and Deferred Compensation Plan (DCP) shows a commitment to long-term investment in the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies like PACCAR, which is comparable to other large industrial manufacturers such as Caterpillar (CAT) and Deere & Company (DE).
- The use of stock options, deferred compensation plans (DCP), and long-term incentive plans (LTIP) are common methods for executive compensation in these types of companies.
- The specific details of the plans and the number of shares and units involved are specific to PACCAR's compensation structure, but the overall approach is consistent with industry norms.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders, as they provide insight into executive holdings and confidence in the company.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Date from which some stock options are exercisable. |
| 01/01/2022 | Date from which some stock options are exercisable. |
| 01/01/2023 | Date from which some stock options are exercisable. |
| 01/01/2024 | Date from which some stock options are exercisable. |
| 01/08/2025 | Date of the reported stock and stock unit transactions. |
| 01/01/2025 | Date from which some stock options are exercisable. |
| 01/01/2026 | Date from which some stock options are exercisable. |
| 01/01/2027 | Date from which some stock options are exercisable. |
| 02/07/2028 | Expiration date of some stock options. |
| 02/06/2029 | Expiration date of some stock options. |
| 02/04/2030 | Expiration date of some stock options. |
| 02/02/2031 | Expiration date of some stock options. |
| 02/07/2032 | Expiration date of some stock options. |
| 02/08/2033 | Expiration date of some stock options. |
| 02/05/2034 | Expiration date of some stock options. |
Keywords
PACCAR, stock options, stock units, executive compensation, insider trading, DCP, LTIP, SIP, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.