Form 4: PACCAR Inc. Vice President & Controller Reports Beneficial Ownership Changes
SEC Form 4 Filing
Brice J. Poplawski, Vice President & Controller of PACCAR Inc., reports changes in beneficial ownership of company stock, including acquisitions through the Savings Investment Plan and holdings of stock options and units.
Summary
- Brice J. Poplawski, Vice President & Controller of PACCAR Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes the acquisition of common stock through the PACCAR Savings Investment Plan (SIP) at a price of $102.97 per share.
- Poplawski acquired 57.152 shares through the SIP and holds 17,789.948 shares indirectly through the SIP.
- He also directly owns 468 shares of common stock.
- The report details holdings of various stock options with exercise prices ranging from $61.26 to $109.13 and expiration dates between 2031 and 2035.
- Poplawski also holds 1,855 stock units under the Long Term Incentive Plan (LTIP), convertible to common stock upon vesting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing transactions by a company officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of shares through the SIP indicates continued investment in the company's stock by a key officer.
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 for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- PACCAR's executive compensation structure, including stock options and LTIP units, is typical for large, publicly traded companies in the industrial sector.
- Companies like Caterpillar (CAT) and Cummins (CMI) also utilize similar equity-based compensation plans to align management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that company officers are subject to regulatory oversight regarding their trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for stock options at $61.26 expiring 02/02/2031 |
| 01/01/2025 | Date exercisable for stock options at $62.8667 expiring 02/07/2032 |
| 03/05/2025 | Date of transaction for common stock acquisition through SIP |
| 03/06/2025 | Date of signature for the report |
| 01/01/2026 | Date exercisable for stock options at $71.95 expiring 02/08/2033 |
| 01/01/2027 | Date exercisable for stock options at $104.16 expiring 02/05/2034 |
| 01/01/2028 | Date exercisable for stock options at $109.13 expiring 02/03/2035 |
| 02/02/2031 | Expiration date for stock options at $61.26 |
| 02/07/2032 | Expiration date for stock options at $62.8667 |
| 02/08/2033 | Expiration date for stock options at $71.95 |
| 02/05/2034 | Expiration date for stock options at $104.16 |
| 02/03/2035 | Expiration date for stock options at $109.13 |
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