Form 4: PACCAR Inc. Executive Kevin D. Baney Reports Acquisition of Common Stock
SEC Form 4 Filing
Senior Vice President Kevin D. Baney reports acquiring additional PACCAR Inc. common stock through a dividend reinvestment and holdings in the PACCAR Savings Investment Plan.
Summary
- Kevin D. Baney, a Senior Vice President at PACCAR Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 6, 2024, Baney acquired 12.212 shares of common stock at a price of $115.47 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Baney's total holdings following the transaction include 7,121 shares of common stock held directly and 5,365.146 shares held indirectly through the PACCAR Savings Investment Plan (SIP).
- He also holds multiple stock options with various exercise prices and expiration dates, as well as 5,790 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating an executive's stock transactions. The acquisition of shares could be seen as slightly positive, but it's not a major event.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a company executive.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date exercisable for stock options with an exercise price of $43.7067 and an expiration date of 02/06/2029. |
| 01/01/2023 | Date exercisable for stock options with an exercise price of $50.7867 and an expiration date of 02/04/2030. |
| 01/01/2024 | Date exercisable for stock options with an exercise price of $61.26 and an expiration date of 02/02/2031. |
| 03/06/2024 | Date of transaction where 12.212 shares of common stock were acquired at $115.47 per share. |
| 03/08/2024 | Date of Form 4 filing. |
| 01/01/2025 | Date exercisable for stock options with an exercise price of $62.8667 and an expiration date of 02/07/2032. |
| 01/01/2026 | Date exercisable for stock options with an exercise price of $71.95 and an expiration date of 02/08/2033. |
| 01/01/2027 | Date exercisable for stock options with an exercise price of $104.16 and an expiration date of 02/05/2034. |
| 02/06/2029 | Expiration date for stock options with an exercise price of $43.7067. |
| 02/04/2030 | Expiration date for stock options with an exercise price of $50.7867. |
| 02/02/2031 | Expiration date for stock options with an exercise price of $61.26. |
| 02/07/2032 | Expiration date for stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date for stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date for stock options with an exercise price of $104.16. |
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