Form 4: PACCAR SVP Bloch Reports Stock Transactions
Insider Transaction Report
PACCAR Senior Vice President Laura J. Bloch reported recent transactions involving common stock and restricted stock units, including conversions and tax-related dispositions.
Summary
- Senior Vice President Laura J. Bloch reported the conversion of 2,255 restricted stock units (RSUs) into PACCAR common stock on January 1, 2026, with a transaction price of $0.
- Following the RSU conversion, 628 shares of common stock were disposed of on January 2, 2026, at a price of $109.51 per share, to cover tax liabilities.
- After these transactions, Laura J. Bloch directly beneficially owns 6,102 shares of common stock and indirectly owns 2,307.663 shares through the PACCAR Savings Investment Plan (SIP).
- The filing also details various outstanding stock options with exercise prices ranging from $61.26 to $109.13 and expiration dates extending to February 3, 2035.
Sentiment
Score: 5
Explanation: The filing is a factual report of routine insider transactions (vesting and tax withholding) and does not contain information that would typically indicate a positive or negative sentiment regarding the company's operational or financial performance.
Positives
- The vesting of 2,255 restricted stock units indicates the realization of executive compensation, converting derivative securities into common stock.
- The conversion of restricted stock units occurred at a $0 price, reflecting the nature of RSU awards as compensation.
Negatives
- 628 shares of common stock were withheld for payment of tax liability, reducing the net shares received by the executive from the vesting event.
Future Outlook
The PACCAR Long Term Incentive Plan (LTIP) awards, including restricted stock units, typically vest in four equal installments commencing on March 1 following the award and January 1 of the next three years. This indicates a structured, ongoing compensation plan for executives.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies. It reflects the standard practice of executive compensation through equity awards and subsequent tax-related share dispositions, rather than specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and insider ownership changes, which is standard for corporate governance.
- Employees: The PACCAR Savings Investment Plan (SIP) mentioned indicates a benefit program for employees, though the specific transaction relates to an executive.
Next Steps
- Future vesting of remaining restricted stock units under the PACCAR Long Term Incentive Plan (LTIP) in four equal installments commencing on March 1 following the award and January 1 of the next three years.
- Potential exercise of outstanding stock options by the reporting person on or after their respective exercisable dates and before their expiration dates.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date exercisable for 6,588 stock options with an exercise price of $61.26. |
| 01/01/2025 | Date exercisable for 8,832 stock options with an exercise price of $62.8667. |
| 01/01/2026 | Earliest transaction date; conversion of 2,255 restricted stock units to common stock; date exercisable for 9,668 stock options with an exercise price of $71.95. |
| 01/02/2026 | Date of disposition of 628 shares for tax liability; signature date of the reporting person. |
| 01/01/2027 | Date exercisable for 7,504 stock options with an exercise price of $104.16. |
| 01/01/2028 | Date exercisable for 13,588 stock options with an exercise price of $109.13. |
| 02/02/2031 | Expiration date for 6,588 stock options with an exercise price of $61.26. |
| 02/07/2032 | Expiration date for 8,832 stock options with an exercise price of $62.8667. |
| 02/08/2033 | Expiration date for 9,668 stock options with an exercise price of $71.95. |
| 02/05/2034 | Expiration date for 7,504 stock options with an exercise price of $104.16. |
| 02/03/2035 | Expiration date for 13,588 stock options with an exercise price of $109.13. |
Keywords
PACCAR, PCAR, Form 4, Insider Transaction, Restricted Stock Units, Stock Options, Executive Compensation, Beneficial Ownership
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