Form 4: PACCAR Inc. Executive John N. Rich Reports Changes in Beneficial Ownership
SEC Form 4
John N. Rich, V.P. & Chief Tech. Officer of PACCAR Inc., reports transactions involving common stock and stock options.
Summary
- John N. Rich, V.P. & Chief Tech. Officer of PACCAR INC [PCAR], filed a Form 4 on March 6, 2025, reporting changes in beneficial ownership.
- On March 5, 2025, Rich acquired 3.289 shares of common stock at $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Following the reported transaction, Rich directly owns 4,825 shares of common stock and indirectly owns 1,147.401 shares through the PACCAR Savings Investment Plan (SIP).
- Rich also holds derivative securities, including stock options with various exercise prices and expiration dates, and stock units (LTIP).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating insider transactions, with a slight positive leaning due to the executive's continued investment in the company's stock.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies like PACCAR. These filings are monitored by investors for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice among publicly traded companies, including PACCAR's competitors such as Daimler Truck, Volvo Group, and Navistar.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans designed to align management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The executive's stock ownership aligns his interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date exercisable for stock option with exercise price $62.8667 |
| 03/05/2025 | Date of common stock transaction (dividend reinvestment) |
| 03/06/2025 | Date of Form 4 filing |
| 01/01/2026 | Date exercisable for stock option with exercise price $71.95 |
| 01/01/2027 | Date exercisable for stock option with exercise price $104.16 |
| 01/01/2028 | Date exercisable for stock option with exercise price $109.13 |
| 02/07/2032 | Expiration date for stock option with exercise price $62.8667 |
| 02/08/2033 | Expiration date for stock option with exercise price $71.95 |
| 02/05/2034 | Expiration date for stock option with exercise price $104.16 |
| 02/03/2035 | Expiration date for stock option with exercise price $109.13 |
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