Form 4: PACCAR Executive Vice President Michael Dozier Reports Beneficial Ownership Changes
SEC Form 4 Filing
Executive Vice President Michael Dozier reports changes in beneficial ownership of PACCAR Inc. stock, including acquisitions through the Savings Investment Plan and holdings of stock options and units.
Summary
- Michael Dozier, Executive Vice President of PACCAR Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 5, 2025, Dozier acquired 63.458 shares of common stock at $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Dozier's total direct holdings of common stock amount to 30,257 shares.
- He also indirectly owns 19,722.769 shares through the PACCAR Savings Investment Plan (SIP).
- Dozier holds multiple stock options with varying exercise prices and expiration dates, totaling 132,156 shares of underlying common stock.
- He also holds 11,669 stock units under the Long Term Incentive Plan (LTIP), convertible to common stock upon vesting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of shares through the dividend reinvestment plan indicates confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation structures, including stock options and LTIPs, are common across publicly traded companies, especially in the manufacturing and automotive industries.
- Companies like Daimler Truck, Volvo Group, and Navistar International also utilize similar equity-based compensation plans to align executive interests with shareholder value.
- The specific terms of the stock options (exercise price, vesting schedule, expiration date) are generally in line with industry practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for stock options at $61.26 expiring 02/02/2031 |
| 01/01/2025 | Date exercisable for stock options at $62.8667 expiring 02/07/2032 |
| 03/05/2025 | Transaction date for common stock acquisition via dividend reinvestment. |
| 03/06/2025 | Date of signature for the report. |
| 01/01/2026 | Date exercisable for stock options at $71.95 expiring 02/08/2033 |
| 01/01/2027 | Date exercisable for stock options at $104.16 expiring 02/05/2034 |
| 01/01/2028 | Date exercisable for stock options at $109.13 expiring 02/03/2035 |
| 02/02/2031 | Expiration date for stock options at $61.26 |
| 02/07/2032 | Expiration date for stock options at $62.8667 |
| 02/08/2033 | Expiration date for stock options at $71.95 |
| 02/05/2034 | Expiration date for stock options at $104.16 |
| 02/03/2035 | Expiration date for stock options at $109.13 |
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