Form 4: PACCAR INC Executive Paulo Henrique Bolgar Reports Stock Transactions

Paulo Henrique Bolgar, a Vice President at PACCAR INC, reported the conversion of restricted stock units to common stock and the withholding of shares for tax liability.

Summary

• On March 1, 2024, Paulo Henrique Bolgar, a Vice President at PACCAR INC, executed transactions involving PACCAR's common stock.
• Bolgar converted 830 restricted stock units (LTIP) into common stock at a price of $0.00 per share.
• 203 shares were disposed of to cover tax liabilities at a price of $110.89 per share.
• Following these transactions, Bolgar directly owns 2,287 shares of common stock and indirectly owns 396.542 shares through the PACCAR Savings Investment Plan (SIP).
• Bolgar also holds derivative securities including stock options and stock units (LTIP).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedules and exercise prices of the stock options are typical for executive compensation plans in the industry.
• Companies like Daimler Truck, Volvo Group, and Navistar also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
• Shareholders may be interested in the transactions as they provide insight into executive compensation and ownership.

Key Dates