Form 4: PACCAR VP/General Counsel Reports Routine Stock Activity
Insider Transaction Report
PACCAR's Vice President and General Counsel, Michael K. Walton, reported routine acquisitions of common stock and stock units through dividend reinvestment plans.
Summary
- Michael K. Walton, PACCAR's Vice President and General Counsel, reported transactions and holdings as of December 3, 2025.
- Acquired 20.292 shares of Common Stock at $108.54 per share through dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
- Acquired 41.55 Stock Units under the PACCAR Deferred Compensation Plan (DCP) at $108.54 per unit, also through dividend reinvestment.
- Following these transactions, Mr. Walton beneficially owns 6,588.529 shares of Common Stock indirectly through the SIP and 1,332 shares directly.
- He also directly owns 13,707.539 Stock Units (DCP) and 3,200 Stock Units (LTIP).
- The filing also details existing stock options with various exercise prices and expiration dates, totaling 21,172 options.
Sentiment
Score: 6
Explanation: The sentiment is mildly positive as it indicates an executive's continued investment and alignment with the company through routine dividend reinvestments. There are no significant sales or unusual transactions that would suggest a negative outlook.
Positives
- The reporting person's continued acquisition of shares and units through dividend reinvestment plans indicates ongoing alignment of management's interests with shareholder value.
- The transactions are routine and part of established compensation and savings plans, reflecting stability in executive compensation structures.
Negatives
- No negative aspects were identified in this routine insider transaction report.
Future Outlook
The filing does not contain explicit forward-looking statements or guidance beyond the future transaction date of December 3, 2025, and the future exercisable and expiration dates of stock options.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context. It reflects an executive's participation in standard company compensation and savings plans within the heavy-duty truck manufacturing industry.
Related Party Transactions
- The transactions involve an officer of PACCAR (Michael K. Walton) acquiring securities of the company, which are inherently related-party transactions as per SEC regulations for insider reporting.
Stakeholder Impact
- Shareholders: The transactions demonstrate management's continued stake in the company, potentially reinforcing confidence in the company's long-term prospects.
- Employees: The existence of plans like the PACCAR Savings Investment Plan (SIP) and Deferred Compensation Plan (DCP) indicates established employee benefit structures.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date exercisable for 1,302 stock options with an exercise price of $62.8667. |
| 02/07/2032 | Expiration date for 1,302 stock options with an exercise price of $62.8667. |
| 01/01/2026 | Date exercisable for 7,918 stock options with an exercise price of $71.95. |
| 02/08/2033 | Expiration date for 7,918 stock options with an exercise price of $71.95. |
| 01/01/2027 | Date exercisable for 6,108 stock options with an exercise price of $104.16. |
| 02/05/2034 | Expiration date for 6,108 stock options with an exercise price of $104.16. |
| 01/01/2028 | Date exercisable for 5,844 stock options with an exercise price of $109.13. |
| 02/03/2035 | Expiration date for 5,844 stock options with an exercise price of $109.13. |
| 12/03/2025 | Date of earliest transaction reported, involving dividend reinvestment for common stock and stock units. |
| 12/05/2025 | Signature date of the reporting person's power of attorney. |
Keywords
PACCAR, PCAR, Insider Trading, Form 4, Stock Acquisition, Dividend Reinvestment, Executive Compensation, Common Stock, Stock Options, Deferred Compensation Plan, Long Term Incentive Plan
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