Form 4: PACCAR Inc. Executive Harrie Schippers Reports Changes in Beneficial Ownership
SEC Form 4
Harrie Schippers, President & CFO of PACCAR Inc., reports acquisition of common stock through dividend reinvestment and holdings in the PACCAR Savings Investment Plan, along with stock options and stock units.
Summary
- On March 5, 2025, Harrie Schippers, President & CFO of PACCAR Inc., reported changes in beneficial ownership of the company's stock.
- Schippers acquired 9.894 shares of common stock at $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Schippers directly owns 116,577 shares of PACCAR common stock.
- Schippers indirectly owns 3,159.717 shares through the PACCAR Savings Investment Plan (SIP).
- Schippers holds multiple stock options with varying exercise prices and expiration dates, including options for 8,676 shares at $33.3333, 25,490 shares at $61.26, 64,971 shares at $62.8667, 60,662 shares at $71.95, 44,226 shares at $104.16, and 42,168 shares at $109.13.
- Schippers also holds 20,671 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports transactions and holdings, without indicating a strong positive or negative outlook.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company's future by the CFO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge management's sentiment and confidence in the company's prospects.
- Comparing the volume and nature of insider transactions (purchases vs. sales) with those of peers like Daimler Truck Holding AG, Volvo Group, and Navistar International Corporation can provide insights into relative valuation and growth expectations.
Stakeholder Impact
- The report provides transparency to shareholders regarding the holdings and transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2019 | Date exercisable for stock options at $33.3333, expiring 02/04/2026 |
| 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 | Date of earliest transaction (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 |
| 02/04/2026 | Expiration date for stock options at $33.3333 |
| 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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