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 6,022 shares of common stock and the disposal of 1,543 shares for tax liabilities.
Summary
- Darrin C. Siver, an Executive Vice President at PACCAR Inc., reported several transactions involving the company's stock.
- On January 1, 2025, 6,022 shares of common stock were acquired through the conversion of restricted stock units at a price of $0.00.
- On January 2, 2025, 1,543 shares were disposed of at a price of $104.02 to cover tax liabilities.
- Following these transactions, Siver directly owns 61,005 shares of common stock and indirectly owns 23,496.086 shares through the PACCAR Savings Investment Plan (SIP).
- Siver also holds various stock options and stock units under the PACCAR Long Term Incentive Plan (LTIP) and Deferred Compensation Plan (DCP).
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. It is a neutral event.
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 company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The reported transactions are typical for executives who receive stock-based compensation, such as restricted stock units and stock options.
- The vesting schedules and exercise prices of the stock options are consistent with common practices in executive compensation packages.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a significant change in the company's financial health or outlook.
- The transactions are part of the executive's compensation package and do not directly affect employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Date stock options exercisable at $45.7933. |
| 01/01/2022 | Date stock options exercisable at $43.7067. |
| 01/01/2023 | Date stock options exercisable at $50.7867. |
| 01/01/2024 | Date stock options exercisable at $61.26. |
| 01/01/2025 | Date of restricted stock unit conversion and stock option exercisable at $62.8667. |
| 01/02/2025 | Date of stock disposal for tax liabilities. |
| 01/03/2025 | Date of filing. |
| 01/01/2026 | Date stock options exercisable at $71.95. |
| 01/01/2027 | Date stock options exercisable at $104.16. |
Keywords
PACCAR, stock transactions, insider trading, executive compensation, stock options, restricted stock units, Form 4, Darrin C. Siver
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