PACCAR (PCAR) director’s dividend reinvested into deferred restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR director Kirk S. Hachigian recorded an administrative adjustment to his deferred stock units. On the reporting date, a dividend on his existing restricted stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors was reinvested as an additional 236.1852 stock units.
These units are held in a deferred phantom stock account and are convertible into PACCAR common stock on a 1-for-1 basis once all vesting conditions are met. Following this routine plan-related transaction, Hachigian’s deferred stock unit balance under the plan is 77,421.5145 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HACHIGIAN KIRK S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units (RSDCP) | 236.185 | $114.38 | $27K |
Holdings After Transaction:
Stock Units (RSDCP) — 77,421.515 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
Dividend RSUs added: 236.1852 units
Reference share value: $114.3800 per unit
Post-transaction RSU balance: 77,421.5145 units
+1 more
4 metrics
Dividend RSUs added
236.1852 units
Restricted stock units credited as dividend reinvestment
Reference share value
$114.3800 per unit
Price per stock unit used in the Form 4 entry
Post-transaction RSU balance
77,421.5145 units
Deferred stock units held after the transaction
Transaction code
J
Other acquisition or disposition of derivative securities
Key Terms
Restricted stock units, Deferred phantom stock account, Restricted Stock and Deferred Compensation Plan, Reinvested in additional restricted stock units
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)"
Reinvested in additional restricted stock units financial
"Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan reinvested in additional restricted stock units"
FAQ
What insider activity did PACCAR (PCAR) report for Kirk S. Hachigian?
PACCAR reported that director Kirk S. Hachigian had a dividend on his restricted stock units reinvested into 236.1852 additional stock units in a deferred phantom stock account, a routine plan-related adjustment rather than an open-market trade.
How many PACCAR (PCAR) deferred stock units does Kirk S. Hachigian hold after this filing?
After the reported transaction, Kirk S. Hachigian holds 77,421.5145 stock units in PACCAR’s deferred phantom stock account. These units represent restricted stock units credited under the company’s Restricted Stock and Deferred Compensation Plan for non-employee directors.
Was the PACCAR (PCAR) Form 4 transaction a buy or sell of common stock?
The Form 4 transaction was not an open-market buy or sell. It reflects a “J” code other transaction, specifically the reinvestment of a dividend into additional restricted stock units within PACCAR’s deferred compensation plan for non-employee directors.
What is the PACCAR (PCAR) Restricted Stock and Deferred Compensation Plan mentioned in the Form 4?
The filing describes PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors as using a deferred phantom stock account, where restricted stock units are credited and later convertible into PACCAR common stock on a 1-for-1 basis after vesting.
How were dividends treated on PACCAR (PCAR) restricted stock units in this filing?
According to the footnote, a dividend on PACCAR restricted stock units was reinvested into additional restricted stock units under the company’s Restricted Stock and Deferred Compensation Plan (RSDCP), increasing the director’s deferred phantom stock balance instead of paying cash.