Form 4: PACCAR Executive Vice President Michael Dozier Reports Stock Transactions

Executive Vice President Michael Dozier reports transactions involving PACCAR Inc. common stock and derivative securities, including the conversion of restricted stock units and shares withheld for tax liability.

Summary

• Michael Dozier, Executive Vice President of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 1, 2024, Dozier converted 2,071 restricted stock units into common stock at a price of $0.00.
• Also on March 1, 2024, 815 shares were withheld for payment of tax liability at a price of $110.89.
• Following these transactions, Dozier directly owns 24,660 shares of common stock and indirectly owns 18,601.14 shares through the PACCAR Savings Investment Plan (SIP).
• Dozier also holds derivative securities, including stock options with various exercise prices and expiration dates, and 12,163.5 stock units (LTIP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like PACCAR. These filings are monitored by investors for insights into management's view of the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies, including competitors like Daimler Truck Holding AG, Volvo Group, and Navistar International Corporation.
• The reported transactions are typical for executive compensation packages, which often include stock options and restricted stock units.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates