PACCAR (PCAR) director Scheiter adds dividend-based restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR INC director Dietmar A. Scheiter reported a small adjustment to his deferred stock-based compensation. On the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, dividends on his existing restricted stock units were reinvested, adding 3.3599 stock units tied to PACCAR common stock at a reference price of $114.38 per share.
Following this routine, non-market transaction, his deferred phantom stock account reflected a total of 1,101.3599 stock units, which remain subject to plan vesting conditions and are convertible into PACCAR common stock on a one-for-one basis when those conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scheiter Dietmar A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units (RSDCP) | 3.36 | $114.38 | $384.31 |
Holdings After Transaction:
Stock Units (RSDCP) — 1,101.36 shares (Direct, null)
Footnotes (1)
- Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.
Key Figures
Additional stock units: 3.3599 units
Reference price per unit: $114.38 per share
Total units after transaction: 1,101.3599 units
+1 more
4 metrics
Additional stock units
3.3599 units
Dividend reinvested into restricted stock units on Stock Units (RSDCP)
Reference price per unit
$114.38 per share
Price field for RSDCP stock unit transaction
Total units after transaction
1,101.3599 units
Deferred phantom stock account balance following transaction
Underlying security
3.3599 shares
Underlying PACCAR common stock tied to new stock units
Key Terms
Restricted stock units, Deferred phantom stock account, Restricted Stock and Deferred Compensation Plan, Dividend reinvested
4 terms
Restricted stock units financial
"Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Deferred phantom stock account financial
"Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
Restricted Stock and Deferred Compensation Plan financial
"under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"
Dividend reinvested financial
"Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units"
FAQ
What insider transaction did PACCAR (PCAR) director Dietmar Scheiter report?
Dietmar Scheiter reported a small, routine adjustment in deferred stock units. Dividends on his existing restricted stock units were reinvested, adding 3.3599 stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors.
How many PACCAR (PCAR) stock units were added in this Form 4 filing?
The filing shows 3.3599 additional stock units credited to Scheiter’s deferred phantom stock account. These units result from dividends being reinvested into restricted stock units, rather than from any open-market purchase or sale of PACCAR common shares.
What is Scheiter’s total PACCAR (PCAR) deferred stock unit balance after the transaction?
After the dividend reinvestment, Scheiter’s deferred phantom stock account shows 1,101.3599 stock units. These units are part of the PACCAR Restricted Stock and Deferred Compensation Plan and remain subject to vesting before converting into PACCAR common stock.
Did PACCAR (PCAR) director Scheiter buy or sell common stock in this Form 4?
The Form 4 does not report any open-market buy or sell of common stock. Instead, it records a non-market adjustment where dividends on existing restricted stock units were reinvested into 3.3599 additional stock units within the deferred compensation plan.
What plan is referenced in PACCAR (PCAR) director Scheiter’s Form 4 filing?
The filing references the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP). Under this plan, restricted stock units are held in a deferred phantom stock account and can convert 1-for-1 into PACCAR common stock after vesting conditions are satisfied.