PACCAR (PCAR) director reports RSDCP deferred stock unit change
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR INC director Barbara B. Hulit reported an other-type transaction involving deferred stock units under the company’s Restricted Stock and Deferred Compensation Plan for non-employee directors. A dividend on existing restricted stock units was reinvested, adding 18.3919 stock units at a reference price of $124.92, bringing her total to 6,980.5734 stock units tied 1-for-1 to PACCAR common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hulit Barbara B.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units (RSDCP) | 18.392 | $124.92 | $2K |
Holdings After Transaction:
Stock Units (RSDCP) — 6,980.573 shares (Direct)
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.
FAQ
What insider transaction did PACCAR (PCAR) director Barbara Hulit report?
Director Barbara Hulit reported an other-type transaction in deferred stock units. A dividend on existing restricted stock units was reinvested, adding 18.3919 stock units and bringing her total holdings to 6,980.5734 units under PACCAR’s RSDCP plan.
How many PACCAR stock units were added in Barbara Hulit’s latest Form 4?
The filing shows 18.3919 stock units were added to Barbara Hulit’s deferred account. These units resulted from dividends on restricted stock units being reinvested under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors.
What is the total PACCAR stock unit balance for Barbara Hulit after this transaction?
After the reported transaction, Barbara Hulit holds 6,980.5734 stock units. These restricted stock units are in a deferred phantom stock account and are convertible into PACCAR common stock on a 1-for-1 basis when vesting conditions are fully satisfied.
What plan governs the PACCAR stock units in Barbara Hulit’s Form 4 filing?
The stock units are held under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP). This plan uses a deferred phantom stock account where restricted stock units convert 1-for-1 into PACCAR common shares after vesting conditions are met.
How were the additional PACCAR stock units in the Form 4 created?
Additional units came from dividends on existing restricted stock units being reinvested. Under PACCAR’s Restricted Stock and Deferred Compensation Plan, these dividends are automatically reinvested into more restricted stock units instead of being paid out in cash.
What does the price of $124.92 represent in PACCAR director Barbara Hulit’s Form 4?
The reported $124.92 figure is the reference price per stock unit used for the dividend reinvestment. It applies to the 18.3919 additional restricted stock units credited to Barbara Hulit’s deferred phantom stock account under PACCAR’s non-employee director compensation plan.