Form 4: PACCAR Executive Vice President Kevin Baney Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President of PACCAR, Kevin Baney, reports the conversion of restricted stock units and a sale of shares to cover tax liabilities.
Summary
- Kevin Baney, an Executive Vice President at PACCAR, reported several transactions involving PACCAR stock.
- On January 1, 2025, 3,059 restricted stock units were converted to common stock.
- Also on January 1, 2025, 3,059 stock units were converted to common stock under the Long Term Incentive Plan (LTIP).
- On January 2, 2025, 823 shares were disposed of at a price of $104.02 per share to cover tax liabilities.
- Following these transactions, Mr. Baney directly owns 9,357 shares of common stock and indirectly owns 5,411.222 shares through the PACCAR Savings Investment Plan (SIP).
- Mr. Baney also holds various stock options with different exercise prices and expiration dates.
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 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 across publicly traded companies, and the reporting requirements are consistent with SEC regulations.
- The vesting schedules and stock option grants are typical components of executive compensation packages in the industry.
- Companies like Daimler Truck Holding AG, Volvo Group, and Navistar International Corporation also have similar reporting requirements for their executives' stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/01/2023 | Date of exercisable stock options with an exercise price of $50.7867. |
| 01/01/2024 | Date of exercisable stock options with an exercise price of $61.26. |
| 01/01/2025 | Date of restricted stock unit conversion and stock unit conversion under LTIP, and date of exercisable stock options with an exercise price of $62.8667. |
| 01/02/2025 | Date of share disposal to cover tax liabilities. |
| 01/03/2025 | Date of signature for the SEC Form 4 filing. |
| 01/01/2026 | Date of exercisable stock options with an exercise price of $71.95. |
| 01/01/2027 | Date of exercisable stock options with an exercise price of $104.16. |
| 02/04/2030 | Expiration date of stock options with an exercise price of $50.7867. |
| 02/02/2031 | Expiration date of stock options with an exercise price of $61.26. |
| 02/07/2032 | Expiration date of stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date of stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date of stock options with an exercise price of $104.16. |
Keywords
PACCAR, stock transactions, restricted stock units, stock options, insider trading, executive compensation, LTIP, SEC Form 4
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