Form 4: PACCAR Vice President Todd R. Hubbard Executes Stock Option and Sells Shares
SEC Form 4 Filing
PACCAR Vice President Todd R. Hubbard exercised stock options and sold 2,000 shares of common stock on January 31, 2025.
Summary
- Todd R. Hubbard, a Vice President at PACCAR Inc., executed a stock option to acquire 2,000 shares of common stock at a price of $45.7933 per share on January 31, 2025.
- On the same day, Mr. Hubbard sold 2,000 shares of PACCAR common stock at a price of $112.045 per share.
- Following these transactions, Mr. Hubbard directly owns 5,463 shares of PACCAR common stock.
- He also indirectly owns 6,608.64 shares through the PACCAR Savings Investment Plan (SIP).
- Mr. Hubbard holds various stock options with different exercise prices and expiration dates, as well as 3,052.5 stock units under the Long Term Incentive Plan (LTIP).
Sentiment
Score: 5
Explanation: This is a neutral document detailing routine insider trading activity. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, such as PACCAR, and are required by the SEC to ensure transparency of insider trading.
- The stock option grants and vesting schedules are typical for executive compensation packages in large corporations, similar to those seen at companies like Caterpillar (CAT) and Cummins (CMI).
- The sale of shares after exercising options is a common practice for executives to realize gains from their equity compensation, and is not unusual compared to similar transactions at other companies.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to be significant.
- The filing provides transparency to shareholders regarding executive compensation and trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/01/2021 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/01/2022 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/01/2023 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/01/2024 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/31/2025 | Date of stock option exercise and share sale by Todd R. Hubbard. |
| 01/01/2025 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/01/2026 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 01/01/2027 | Earliest exercisable date for one of Mr. Hubbard's stock option grants. |
| 02/07/2028 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/06/2029 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/04/2030 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/02/2031 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/07/2032 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/08/2033 | Expiration date for one of Mr. Hubbard's stock option grants. |
| 02/05/2034 | Expiration date for one of Mr. Hubbard's stock option grants. |
Keywords
PACCAR, stock options, insider trading, Form 4, equity securities, Todd R. Hubbard, share sale, LTIP, stock units
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