PACCAR (PCAR) director logs phantom stock unit changes under RSDCP plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR Inc director Sreeganesh Ramaswamy reported two "other" transactions in deferred stock-based awards. The filing shows 26.8418 stock units and 35.4062 stock units (RSDCP) at $124.92 each, bringing his balances to 10,187.6999 and 13,438.2734 units, respectively. Footnotes explain these are phantom stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors, convertible into PACCAR common stock on a 1-for-1 basis, with dividends reinvested into additional units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
RAMASWAMY SREEGANESH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units | 26.842 | $124.92 | $3K |
| Other | Stock Units (RSDCP) | 35.406 | $124.92 | $4K |
Holdings After Transaction:
Stock Units — 10,187.7 shares (Direct);
Stock Units (RSDCP) — 13,438.273 shares (Direct)
Footnotes (1)
- 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 termination of the Reporting Person's status as a non-employee director. Dividend on stock units held in phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) reinvested in additional stock units pursuant to RSDCP. 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.