Form 4: PACCAR Inc. CFO Harrie Schippers Executes Stock Options and Sells Shares
SEC Form 4 Filing
PACCAR Inc.'s CFO, Harrie Schippers, exercised stock options and sold a portion of the acquired shares on February 18, 2025, while also reporting holdings in common stock and derivative securities.
Summary
- On February 18, 2025, Harrie Schippers, the President and CFO of PACCAR Inc., engaged in transactions involving the company's stock.
- Schippers exercised stock options to acquire 28,676 shares of common stock at prices of $61.26 and $33.3333.
- Following the exercise of these options, Schippers sold 28,676 shares at a weighted average price of $105.9697, with prices ranging from $105.6250 to $106.2500 per share.
- After these transactions, Schippers directly owns 114,659 shares of common stock.
- Schippers also indirectly owns 3,006.775 shares through the PACCAR Savings Investment Plan (SIP).
- Additionally, Schippers holds various stock options with exercise prices ranging from $33.3333 to $109.13, exercisable at future dates, and 23,887.5 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. The information is used by investors to gauge management's perspective on the company's stock and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The exercise and sale of shares are typical activities for executives to manage their personal finances and diversify their holdings.
- Companies like Daimler Truck, Volvo Group, and Navistar International also have similar executive compensation structures that include stock-based awards.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as they provide insight into management's actions regarding their stock holdings.
- The filing ensures transparency and compliance with SEC regulations, which is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 01/01/2019 | Date exercisable for some stock options |
| 01/01/2024 | Date exercisable for some stock options |
| 01/01/2025 | Date exercisable for some stock options |
| 01/01/2026 | Date exercisable for some stock options |
| 01/01/2027 | Date exercisable for some stock options |
| 01/01/2028 | Date exercisable for some stock options |
| 02/04/2026 | Expiration date for some stock options |
| 02/02/2031 | Expiration date for some stock options |
| 02/07/2032 | Expiration date for some stock options |
| 02/08/2033 | Expiration date for some stock options |
| 02/05/2034 | Expiration date for some stock options |
| 02/03/2035 | Expiration date for some stock options |
| 02/18/2025 | Date of earliest transaction: Stock option exercise and sale of shares. |
Keywords
PACCAR, Harrie Schippers, Stock Options, SEC Form 4, Insider Trading, Common Stock, LTIP, SIP
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.