Form 4: PACCAR Vice President Bolgar Reports Stock Transactions

PACCAR's Vice President, Paulo Henrique Bolgar, reports stock acquisitions via dividend reinvestment and holdings in savings and investment plans, along with stock option holdings.

Summary

• Paulo Henrique Bolgar, a Vice President at PACCAR INC, filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2025, Bolgar acquired 1.982 shares of common stock at $102.97 per share through dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
• Bolgar directly owns 4,281 shares of common stock.
• Bolgar indirectly owns 747.695 shares through the PACCAR Savings Investment Plan (SIP).
• Bolgar holds stock options for 12,183 shares at an exercise price of $54.6133, exercisable from January 1, 2025, and expiring on June 20, 2032.
• He also holds stock options for 11,374 shares at $71.95, exercisable from January 1, 2026, and expiring on February 8, 2033.
• Further, he holds stock options for 8,294 shares at $104.16, exercisable from January 1, 2027, and expiring on February 5, 2034.
• Additionally, he holds stock options for 9,792 shares at $109.13, exercisable from January 1, 2028, and expiring on February 3, 2035.
• Bolgar also holds 5,115 stock units under the Long Term Incentive Plan (LTIP), convertible to common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The reporting person is increasing their holdings in the company through dividend reinvestment, which can be seen as a positive sign.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like PACCAR. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice across all publicly traded companies in the US, including PACCAR's competitors such as Daimler Truck, Volvo Group, and Navistar International.
• The structure and content of this Form 4 are consistent with SEC regulations and industry norms for reporting insider transactions.
• The types of compensation (stock options and stock units) are common forms of executive compensation in the automotive and manufacturing industries.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It assures stakeholders that executive compensation includes equity, aligning management's interests with those of shareholders.

Key Dates