Form 4: PACCAR Inc. Vice President Todd R. Hubbard Reports Changes in Beneficial Ownership
SEC Form 4 Filing
PACCAR Inc. Vice President Todd R. Hubbard reports the acquisition of common stock through a dividend reinvestment and updates on derivative securities holdings.
Summary
- Todd R. Hubbard, a Vice President at PACCAR Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 6, 2024, he acquired 14.544 shares of common stock at $115.47 per share through a dividend reinvestment within the PACCAR Savings Investment Plan (SIP).
- Following this transaction, Hubbard directly owns 6,291 shares of common stock and indirectly owns 6,365.706 shares through the SIP.
- He also holds various stock options with exercise prices ranging from $43.7067 to $104.16, exercisable between January 1, 2021, and January 1, 2027, and expiring between February 6, 2028, and February 5, 2034.
- Hubbard also possesses 6,330.5 stock units under the Long Term Incentive Plan (LTIP), which are convertible to common stock upon vesting.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing an executive's transactions, with a slight positive leaning due to the dividend reinvestment.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company's stock.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the executive's continued investment in the company.
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 | Latest expiration date for stock options |
| 03/06/2024 | Date of common stock acquisition via dividend reinvestment |
| 03/08/2024 | Date of signature on the Form 4 |
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