Form 4: PACCAR Inc. Executive Michael K. Walton Reports Stock Transactions
SEC Form 4
Vice President and General Counsel of PACCAR Inc., Michael K. Walton, reports acquisition of common stock and stock units through dividend reinvestments and the PACCAR Savings Investment Plan.
Summary
- Michael K. Walton, Vice President/General Counsel of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 5, 2025, Walton acquired 20.662 shares of common stock at $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Walton also acquired 43.356 stock units through a dividend reinvestment in the PACCAR Deferred Compensation Plan (DCP).
- Following these transactions, Walton directly owns 1,332 shares of common stock and indirectly owns 6,522.957 shares through the PACCAR Savings Investment Plan (SIP).
- Walton also holds 13,571.852 stock units in a deferred phantom stock account under the PACCAR Deferred Compensation Plan (DCP) and 3,200 stock units under the Long Term Incentive Plan (LTIP).
- Walton also holds stock options for various amounts of common stock at strike prices of $62.8667, $71.95, $104.16 and $109.13.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine stock transactions by an executive. There is no indication of positive or negative sentiment towards the company's performance.
Positives
- The reporting person increased their holdings in the company.
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 investment activities in the company's stock.
Comparison to Industry Standards
- Executive compensation and stock ownership are common practices in publicly traded companies like PACCAR.
- Companies like Daimler Truck, Volvo Group, and Navistar also have similar executive compensation structures that include stock options and stock units.
- These instruments are designed to align executive interests with shareholder value.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They reflect the executive's continued investment in the company, which can be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/07/2032 | Expiration date for stock options with exercise price of $62.8667 |
| 02/08/2033 | Expiration date for stock options with exercise price of $71.95 |
| 02/05/2034 | Expiration date for stock options with exercise price of $104.16 |
| 02/03/2035 | Expiration date for stock options with exercise price of $109.13 |
| 03/05/2025 | Date of earliest transaction: acquisition of common stock and stock units. |
| 03/06/2025 | Date of signature for the Form 4 filing. |
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