Form 4: PACCAR Vice President Paulo Henrique Bolgar Reports Stock Transactions
SEC Form 4 Filing
Paulo Henrique Bolgar, a Vice President at PACCAR INC, reports the conversion of stock units to common stock and shares withheld for tax liability.
Summary
- On March 1, 2025, Paulo Henrique Bolgar, a Vice President of PACCAR INC, executed transactions involving PACCAR's common stock and derivative securities.
- 774 stock units (LTIP) were converted to common stock at a price of $0.00 per share.
- 189 shares of common stock were disposed of at a price of $107.24 to cover tax liabilities.
- Following these transactions, Bolgar directly owns 4,281 shares of common stock and indirectly owns 591.1 shares through the PACCAR Savings Investment Plan (SIP).
- Bolgar also holds derivative securities including stock options with varying exercise prices and expiration dates, as well as stock units (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 transactions, which are common for executives at publicly traded companies like PACCAR. These transactions provide transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of the stock options are typical for executive compensation plans in the industry.
- Companies like Daimler Truck, Volvo Group, and Navistar also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date exercisable for some stock options |
| 02/03/2025 | Date of previous Form 4 filing with a calculation error |
| 03/01/2025 | Date of the reported transactions: conversion of stock units and tax withholding |
| 03/04/2025 | Date of the report |
| 06/20/2032 | Expiration date for some stock options |
| 02/08/2033 | Expiration date for some stock options |
| 02/05/2034 | Expiration date for some stock options |
| 02/03/2035 | Expiration date for some stock options |
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