Form 4: PACCAR Senior Vice President Laura J. Bloch Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President of PACCAR, Laura J. Bloch, reports the acquisition and disposal of company stock and stock units, including transactions related to vesting and tax obligations.
Summary
- Laura J. Bloch, a Senior Vice President at PACCAR, reported several transactions involving PACCAR stock.
- On January 1, 2025, 1,521 restricted stock units converted to common stock, and 1,521 stock units were acquired under the Long Term Incentive Plan (LTIP).
- Also on January 1, 2025, 4,370 shares of common stock were disposed of.
- On January 2, 2025, 451 shares were disposed of at a price of $104.02 per share to cover tax liabilities.
- Following these transactions, Ms. Bloch directly owns 3,919 shares of common stock and indirectly owns 2,056.227 shares through the PACCAR Savings Investment Plan (SIP).
- Ms. Bloch also holds various stock options with different exercise prices and expiration dates, including 6,588 options exercisable at $61.26, 8,832 at $62.8667, 9,668 at $71.95, and 7,504 at $104.16.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and PACCAR's filing is consistent with these requirements.
- The stock option grants and vesting schedules are typical for executive compensation packages in the automotive and manufacturing industries.
- Companies like Cummins, Navistar, and Volvo also have similar reporting requirements for their executives' stock transactions.
Stakeholder Impact
- The stock transactions reported in this filing may be of interest to shareholders, as they provide insight into the trading activities of company executives.
- The transactions are not expected to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date of exercisability for some stock options. |
| 01/01/2025 | Date of restricted stock unit conversion, LTIP stock unit acquisition, and disposal of common stock. |
| 01/02/2025 | Date of common stock disposal for tax liability. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
| 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. |
Keywords
PACCAR, stock transactions, insider trading, Form 4, Laura J. Bloch, stock options, restricted stock units, LTIP, executive compensation
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