Form 4: PACCAR Inc. Executive Laura J. Bloch Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Laura J. Bloch reports the conversion of restricted stock units to common stock and shares withheld for tax liability.
Summary
- Laura J. Bloch, a Senior Vice President at PACCAR Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 1, 2025, she converted 735 restricted stock units (LTIP) into common stock at a price of $0.00, acquiring 735 shares.
- Also on March 1, 2025, 179 shares were withheld to cover tax liabilities at a price of $107.24.
- Following these transactions, Bloch directly owns 4,475 shares of common stock and indirectly owns 2,122.716 shares through the PACCAR Savings Investment Plan (SIP).
- She also holds various stock options with different exercise prices and expiration dates, as well as 4,461 stock units (LTIP).
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard executive stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation and stock ownership are common practices in publicly traded companies like PACCAR.
- Companies such as Daimler Truck, Volvo Group, and Navistar also have similar executive compensation structures that include stock options and restricted stock units.
- These instruments are designed to align executive interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- It assures stakeholders that executives have a vested interest in the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for stock options with an expiration date of 02/02/2031 and an exercise price of $61.26 |
| 01/01/2025 | Date exercisable for stock options with an expiration date of 02/07/2032 and an exercise price of $62.8667 |
| 01/01/2026 | Date exercisable for stock options with an expiration date of 02/08/2033 and an exercise price of $71.95 |
| 01/01/2027 | Date exercisable for stock options with an expiration date of 02/05/2034 and an exercise price of $104.16 |
| 01/01/2028 | Date exercisable for stock options with an expiration date of 02/03/2035 and an exercise price of $109.13 |
| 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 |
| 02/03/2035 | Expiration date for stock options with an exercise price of $109.13 |
| 03/01/2025 | Date of transaction: conversion of restricted stock units to common stock and shares withheld for tax liability. |
| 03/04/2025 | Date of filing. |
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