Form 4: PACCAR Inc. Vice President/General Counsel Michael K. Walton Reports Stock Option Exercise and Sale
SEC Form 4
Michael K. Walton, Vice President/General Counsel of PACCAR Inc., exercised stock options and sold shares on February 19, 2025, according to a Form 4 filing with the SEC.
Summary
- On February 19, 2025, Michael K. Walton, Vice President/General Counsel of PACCAR Inc., exercised stock options for 6,000 shares at a price of $62.8667 per share.
- Walton then sold 6,000 shares at a weighted average price of $106.1308, with prices ranging from $105.8850 to $106.3800 per share.
- Following these transactions, Walton directly owns 951 shares of common stock and indirectly owns 6,345.269 shares through the PACCAR Savings Investment Plan (SIP).
- Walton also holds derivative securities, including stock options with varying exercise prices and expiration dates, as well as stock units in deferred phantom stock accounts under the PACCAR Deferred Compensation Plan (DCP) and Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There is no indication of positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
- The filing provides transparency to stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date exercisable for stock option with exercise price $62.8667 |
| 02/07/2032 | Expiration date for stock option with exercise price $62.8667 |
| 01/01/2026 | Date exercisable for stock option with exercise price $71.95 |
| 02/08/2033 | Expiration date for stock option with exercise price $71.95 |
| 01/01/2027 | Date exercisable for stock option with exercise price $104.16 |
| 02/05/2034 | Expiration date for stock option with exercise price $104.16 |
| 01/01/2028 | Date exercisable for stock option with exercise price $109.13 |
| 02/03/2035 | Expiration date for stock option with exercise price $109.13 |
| 02/19/2025 | Date of stock option exercise and sale of shares. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
Keywords
PACCAR, Stock Options, Form 4, Insider Trading, Beneficial Ownership, Securities, Walton, PCAR
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