Form 4: PACCAR Inc. CFO Harrie Schippers Executes Stock Option and Sells Shares
SEC Form 4 Filing
PACCAR Inc.'s CFO, Harrie Schippers, exercised stock options and sold 20,000 shares of common stock on October 28, 2024.
Summary
- On October 28, 2024, Harrie Schippers, the President and CFO of PACCAR Inc., exercised stock options to acquire 20,000 shares of PACCAR's common stock at a price of $61.26 per share.
- Simultaneously, Schippers sold 20,000 shares of PACCAR's common stock at a weighted average price of $106.9282, with prices ranging from $106.79 to $107.06 per share.
- Following these transactions, Schippers directly owns 105,558 shares of PACCAR common stock and indirectly owns 2,898.386 shares through the PACCAR Savings Investment Plan (SIP).
- Schippers also holds various stock options with different exercise prices and expiration dates, as well as 23,922.5 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key company executive.
- The sale of shares could potentially exert downward pressure on the stock price, although the impact is likely to be minimal given the overall trading volume of PACCAR stock.
Key Dates
| Date | Description |
|---|---|
| 01/01/2019 | Date exercisable for stock options with a price of $33.3333 and expiration date of 02/04/2026 |
| 01/01/2024 | Date exercisable for stock options with a price of $61.26 and expiration date of 02/02/2031 |
| 01/01/2025 | Date exercisable for stock options with a price of $62.8667 and expiration date of 02/07/2032 |
| 01/01/2026 | Date exercisable for stock options with a price of $71.95 and expiration date of 02/08/2033 |
| 01/01/2027 | Date exercisable for stock options with a price of $104.16 and expiration date of 02/05/2034 |
| 10/28/2024 | Date of the earliest transaction, exercise of stock options, and sale of shares. |
| 02/04/2026 | Expiration date for stock options with a price of $33.3333 and exercisable date of 01/01/2019 |
| 02/02/2031 | Expiration date for stock options with a price of $61.26 and exercisable date of 01/01/2024 |
| 02/07/2032 | Expiration date for stock options with a price of $62.8667 and exercisable date of 01/01/2025 |
| 02/08/2033 | Expiration date for stock options with a price of $71.95 and exercisable date of 01/01/2026 |
| 02/05/2034 | Expiration date for stock options with a price of $104.16 and exercisable date of 01/01/2027 |
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