Form 4: PACCAR Inc. Vice President Todd R. Hubbard Reports Stock Sale
SEC Form 4 Filing
PACCAR Inc. Vice President Todd R. Hubbard reported the sale of 3,230 shares of common stock at an average price of $107.2713, along with holdings in stock options and restricted stock units.
Summary
- Todd R. Hubbard, a Vice President at PACCAR Inc., filed a Form 4 with the SEC on October 28, 2024.
- On October 25, 2024, Hubbard sold 3,230 shares of PACCAR common stock at a weighted average price of $107.2713 per share.
- The sale price ranged from $107.2400 to $107.3100 per share.
- Following the transaction, Hubbard directly owns 3,061 shares of PACCAR common stock.
- Hubbard also indirectly owns 6,404.095 shares through the PACCAR Savings Investment Plan (SIP).
- Hubbard holds multiple stock options with varying exercise prices and expiration dates, totaling 68,244 shares.
- He also holds 6,330.5 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its officers.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like PACCAR, similar to filings made by executives at competitors such as Daimler Truck Holding AG and Volvo Group.
- The reporting requirements are consistent across the industry, ensuring transparency in insider trading activities.
- The number of shares traded and the value of stock options held are typical for executives at companies of PACCAR's size and market capitalization.
Stakeholder Impact
- The stock sale by a company executive could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a lack of confidence in the company.
- The filing provides transparency to all stakeholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Date exercisable for stock options with an expiration date of 02/07/2028 and an exercise price of $45.7933 |
| 01/01/2022 | Date exercisable for stock options with an expiration date of 02/06/2029 and an exercise price of $43.7067 |
| 01/01/2023 | Date exercisable for stock options with an expiration date of 02/04/2030 and an exercise price of $50.7867 |
| 01/01/2024 | Date exercisable for stock options with an expiration date of 02/02/2031 and an exercise price of $61.26 |
| 01/01/2025 | Date exercisable for stock options with an expiration date of 02/07/2032 and an exercise price of $62.8667 |
| 01/01/2026 | Date exercisable for stock options with an expiration date of 02/08/2033 and an exercise price of $71.95 |
| 01/01/2027 | Date exercisable for stock options with an expiration date of 02/05/2034 and an exercise price of $104.16 |
| 02/07/2028 | Expiration date for stock options with an exercise price of $45.7933 |
| 02/06/2029 | Expiration date for stock options with an exercise price of $43.7067 |
| 02/04/2030 | Expiration date for stock options with an exercise price of $50.7867 |
| 02/02/2031 | Expiration date for stock options with an exercise price of $61.26 |
| 02/07/2032 | Expiration date for stock options with an exercise price of $62.8667 |
| 02/08/2033 | Expiration date for stock options with an exercise price of $71.95 |
| 02/05/2034 | Expiration date for stock options with an exercise price of $104.16 |
| 10/25/2024 | Date of the stock sale transaction. |
| 10/28/2024 | Date the Form 4 was filed. |
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