PACCAR (PCAR) vice president reports plan dividends and deferred stock units on Form 4
Rhea-AI Filing Summary
PACCAR INC Vice President William Lance Walters reported routine plan-related updates to his equity holdings. The filing shows indirect ownership of common stock through the PACCAR Savings Investment Plan, where 79.668 shares had dividends reinvested at $114.38 per share, bringing that plan balance to 26,243.924 shares.
He also reported 8.702 stock units in the PACCAR Deferred Compensation Plan at $114.38 per share, increasing his deferred phantom stock account to 2,852.431 units, each convertible into one share of common stock after plan conditions are met. The filing lists several outstanding stock option awards on PACCAR common stock with exercise prices ranging from about $43.71 to $127.35 and expiration dates between 2029 and 2036, indicating a continuing long-term equity-based compensation position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 79.668 shares
Net Buy
10 txns
Insider
Walters William Lance
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units (DCP) | 8.702 | $114.38 | $995.33 |
| Other | Common Stock | 79.668 | $114.38 | $9K |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Stock Units (DCP) — 2,852.431 shares (Direct);
Common Stock — 26,243.924 shares (Indirect, By PACCAR Savings Investment Plan (SIP));
Stock Option — 33,467 shares (Direct)
Footnotes (5)
- F1. Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.
- F2. Balance includes shares awarded under PACCAR Savings Investment Plan (Company match) in exempt transaction(s) under Rule16b-3(c) and Rule 16b-3(d).
- F3. Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable conditions.
- F4. Dividend on share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) reinvested pursuant to DCP.
- F5. Balance includes shares deferred under PACCAR Deferred Compensation Plan in exempt transaction(s) under Rule16b-3(c) and Rule 16b-3(d).
Key Figures
SIP dividend reinvestment: 79.668 shares at $114.38
SIP balance: 26,243.924 shares
Deferred stock units added: 8.702 units at $114.38
+3 more
6 metrics
SIP dividend reinvestment
79.668 shares at $114.38
PACCAR Savings Investment Plan common stock transaction
SIP balance
26,243.924 shares
Indirect PACCAR common stock via Savings Investment Plan after transaction
Deferred stock units added
8.702 units at $114.38
Stock Units (DCP) transaction on PACCAR common stock
Deferred stock unit balance
2,852.431 units
PACCAR Deferred Compensation Plan phantom stock account
Largest option grant
4,728 shares at $127.35
Stock option on PACCAR common stock expiring 2036-02-06
Long-dated option range
$43.7067–$127.35
Exercise prices for multiple PACCAR stock options expiring 2029–2036
Key Terms
PACCAR Savings Investment Plan (SIP), PACCAR Deferred Compensation Plan (DCP), deferred phantom stock account, Rule16b-3(c), +2 more
6 terms
PACCAR Savings Investment Plan (SIP) financial
"Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP."
PACCAR Deferred Compensation Plan (DCP) financial
"Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP)"
deferred phantom stock account financial
"Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP)"
Rule16b-3(c) regulatory
"in exempt transaction(s) under Rule16b-3(c) and Rule 16b-3(d)."
Rule 16b-3(d) regulatory
"in exempt transaction(s) under Rule16b-3(c) and Rule 16b-3(d)."
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Stock Option financial
"Stock Option on PACCAR common stock with specified exercise prices and expiration dates."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PACCAR (PCAR) executive William Lance Walters report in this Form 4?
William Lance Walters reported routine updates to his equity holdings, mainly dividend reinvestments and deferred compensation stock units. These include changes in PACCAR Savings Investment Plan shares and Deferred Compensation Plan units rather than open-market stock purchases or sales.
Were there any open-market stock purchases or sales by PACCAR (PCAR) executive Walters?
The Form 4 shows no open-market purchases or sales by Walters. Reported changes are categorized as “other” transactions, such as dividend reinvestments and deferred compensation adjustments, with no transactions flagged as traditional buys or sells in the summary data.
What PACCAR (PCAR) deferred stock units are reported for Walters on this Form 4?
Walters holds 2,852.431 stock units in the PACCAR Deferred Compensation Plan after the reported transaction. These units are maintained in a deferred phantom stock account and are convertible into an equal number of PACCAR common shares once all applicable plan conditions are satisfied.
What do the PACCAR (PCAR) Form 4 footnotes say about the reported transactions?
Footnotes explain that Savings Investment Plan dividends are reinvested, balances include company match awards, and deferred units are held in a phantom stock account. They also note that certain transactions are exempt under Rule16b-3(c) and Rule 16b-3(d) of the securities rules.