PACCAR (PCAR) EVP converts stock units and uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR INC Executive Vice President Kevin D. Baney reported equity award activity and related tax withholding. On March 1, he exercised 1,736 stock units (LTIP), converting them into the same number of PACCAR common shares at a stated price of $0.00 per share under the long-term incentive plan.
On March 2, Baney used 684 common shares, valued at $126.09 per share, to satisfy tax obligations tied to vesting restricted shares and restricted stock units, reducing his directly held common shares to 13,644. He also directly holds 8,507 stock units and has multiple stock option positions, plus 5,889.207 common shares held indirectly through the PACCAR Savings Investment Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,736 shares exercised/converted
Mixed
10 txns
Insider
BANEY KEVIN D
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 684 | $126.09 | $86K |
| Exercise | Stock Units (LTIP) | 1,736 | $0.00 | -- |
| Exercise | Common Stock | 1,736 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,644 shares (Direct);
Stock Units (LTIP) — 8,507 shares (Direct);
Stock Option — 11,118 shares (Direct);
Common Stock — 5,889.207 shares (Indirect, By PACCAR Savings Investment Plan (SIP))
Footnotes (1)
- Restricted stock units converted to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units. Restricted stock units awarded under PACCAR Long Term Incentive Plan (LTIP) and convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Each award vests in four equal installments commencing on March 1 following the award and January 1 of the next three years.
FAQ
What insider transactions did PACCAR (PCAR) Executive Vice President Kevin D. Baney report?
Kevin D. Baney reported exercising 1,736 stock units into common shares and using 684 common shares, valued at $126.09 each, to cover tax liabilities from vesting equity awards. He also updated holdings in stock options, stock units, and SIP shares.
What equity awards did PACCAR (PCAR) EVP Baney convert into common stock?
Baney converted 1,736 stock units from the PACCAR Long Term Incentive Plan into 1,736 common shares at a stated price of $0.00 per share. These restricted stock units vest in four equal installments once applicable vesting conditions are met under the plan.
What are Kevin D. Baney’s direct PACCAR (PCAR) common stock holdings after these transactions?
After the reported tax-withholding disposition, Baney directly holds 13,644 PACCAR common shares. In addition, he holds 8,507 stock units and several stock option positions, which are reported as updated holdings rather than new purchases or sales in this Form 4 filing.
Does PACCAR (PCAR) EVP Baney have indirect ownership through a company plan?
Yes. Baney has indirect ownership of 5,889.207 PACCAR common shares through the PACCAR Savings Investment Plan (SIP). These shares are reported as indirectly held, separate from his directly owned common stock, stock units, and stock options disclosed in the Form 4.
Were any of PACCAR (PCAR) EVP Baney’s reported transactions open-market buys or sells?
The filing shows a derivative exercise converting 1,736 stock units to common shares and a tax-withholding disposition of 684 shares at $126.09. These reflect award vesting and tax payments, not open-market buying or selling activity, alongside updated stock option and plan holdings.