Form 4: PACCAR Inc. Vice President Todd R. Hubbard Reports Changes in Beneficial Ownership
SEC Form 4
PACCAR Inc. Vice President Todd R. Hubbard filed a Form 4 detailing changes in beneficial ownership of company stock, including acquisitions through the Savings Investment Plan and holdings of stock options and units.
Summary
- On September 5, 2024, Todd R. Hubbard, a Vice President at PACCAR Inc., reported changes in his beneficial ownership of PACCAR stock.
- He acquired 20.74 shares of common stock at $92.57 per share through the PACCAR Savings Investment Plan (SIP).
- He also disposed of 6,291 shares of common stock.
- Following these transactions, Hubbard directly owns 6,404.095 shares through the SIP.
- Hubbard also holds various stock options with exercise prices ranging from $43.7067 to $104.16, exercisable at various dates from 2021 to 2027 and expiring between 2028 and 2034.
- He also holds 6,330.5 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of shares through the SIP indicates Hubbard's continued investment in PACCAR.
Negatives
- The disposal of 6,291 shares of common stock could be interpreted negatively, although the reason for disposal is not specified.
Risks
- The value of Hubbard's stock options and units is subject to the performance of PACCAR's stock price.
- Changes in company performance or market conditions could impact the value of these holdings.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the executive's holdings in the company. It is common for executives to hold stock options and participate in company stock purchase plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Earliest exercisable date for some stock options. |
| 01/01/2022 | Exercisable date for some stock options. |
| 01/01/2023 | Exercisable date for some stock options. |
| 01/01/2024 | Exercisable date for some stock options. |
| 01/01/2025 | Exercisable date for some stock options. |
| 01/01/2026 | Exercisable date for some stock options. |
| 01/01/2027 | Exercisable date for some stock options. |
| 02/07/2028 | Expiration date 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 the reported transactions. |
| 09/06/2024 | Date of signature. |
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