Form 4: PACCAR INC: Senior Vice President Kevin D Baney Reports Changes in Beneficial Ownership
SEC Form 4
Senior Vice President Kevin D Baney reports changes in beneficial ownership of PACCAR INC stock, including acquisitions through the PACCAR Savings Investment Plan (SIP) and holdings of stock options and stock units.
Summary
- On September 5, 2024, Kevin D Baney, a Senior Vice President at PACCAR INC, reported changes in beneficial ownership of the company's stock.
- Baney acquired 17.48 shares of common stock at $92.57 through the PACCAR Savings Investment Plan (SIP).
- Following the transaction, Baney directly owns 7,121 shares of common stock.
- Baney also indirectly owns 5,397.501 shares through the PACCAR Savings Investment Plan (SIP).
- Baney holds multiple stock options with varying exercise prices and expiration dates, exercisable starting January 1 of various years from 2022 to 2027.
- Baney also holds 5,790 stock units under the Long Term Incentive Plan (LTIP), convertible to common stock on a one-for-one basis upon vesting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.
Positives
- The acquisition of shares through the SIP indicates continued investment in the company by the reporting person.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like PACCAR INC. It provides transparency into the trading activities of the company's executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in insider trading activities.
- Companies like Daimler Truck Holding AG, Volvo Group, and Traton SE also have similar reporting requirements for their executives' transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company executives.
- The transactions may have a minor impact on the stock price, but are unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date exercisable for some stock options |
| 01/01/2023 | Date exercisable for some stock options |
| 01/01/2024 | Date exercisable for some stock options |
| 01/01/2025 | Date exercisable for some stock options |
| 01/01/2026 | Date exercisable for some stock options |
| 01/01/2027 | Date exercisable for some stock options |
| 02/06/2029 | Expiration date for some stock options |
| 02/04/2030 | Expiration date for some stock options |
| 02/02/2031 | Expiration date for some stock options |
| 02/07/2032 | Expiration date for some stock options |
| 02/08/2033 | Expiration date for some stock options |
| 02/05/2034 | Expiration date for some stock options |
| 09/05/2024 | Date of earliest transaction |
| 09/06/2024 | Date of signature |
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