PACCAR director updates deferred stock unit holdings
PACCAR Inc director Sreeganesh Ramaswamy reported updates to his deferred stock units under the company’s non-employee director plan.
Rhea-AI Filing Summary
PACCAR Inc director Sreeganesh Ramaswamy reported updates to his deferred stock units under the company’s non-employee director plan. He now holds 13,479.3942 stock units in a deferred phantom stock account that is convertible into an equal number of PACCAR common shares when his board service ends.
The filing also shows an "other" derivative transaction involving 319.614 stock units at a reference value of $121.24 per unit, leaving 10,868.8627 stock units in that particular deferred account. These entries reflect compensation and deferral activity rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 319.614 shares
Other
2 txns
Insider
RAMASWAMY SREEGANESH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units | 319.614 | $121.24 | $39K |
| holding | Stock Units (RSDCP) | -- | -- | -- |
Holdings After Transaction:
Stock Units — 10,868.8627 contracts (Direct);
Stock Units (RSDCP) — 13,479.3942 contracts (Direct)
Footnotes (3)
- F1. 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.
- F2. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).
- F3. 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.
Key Figures
Deferred stock units held: 13,479.3942 units
Restructuring transaction units: 319.6140 units
Reference price per unit: $121.2400 per unit
+2 more
5 metrics
Deferred stock units held
13,479.3942 units
Stock units (RSDCP) convertible 1-for-1 into common stock
Restructuring transaction units
319.6140 units
Other derivative transaction in stock units
Reference price per unit
$121.2400 per unit
Value used for 319.614 stock unit transaction
Units after derivative transaction
10,868.8627 units
Stock units balance following 319.614-unit transaction
Exercise price of units
$0.0000
Stock units and RSDCP units have zero exercise price
Key Terms
Deferred phantom stock account, Restricted Stock and Deferred Compensation Plan, Non-Employee Directors (RSDCP), Restricted stock units
4 terms
Deferred phantom stock account financial
"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)"
Non-Employee Directors (RSDCP) financial
"Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PACCAR (PCAR) director Sreeganesh Ramaswamy report in this Form 4?
He reported updated holdings in deferred stock units under PACCAR’s non-employee director plan. The filing reflects compensation and deferral activity, not open-market trades, and shows his current phantom stock units tied to PACCAR common shares.
How many PACCAR deferred stock units does Ramaswamy hold after this reporting event?
He holds 13,479.3942 stock units in a deferred phantom stock account. These units track PACCAR common stock on a one-for-one basis and are generally settled in shares when his non-employee director service ends.
What is the 319.614 PACCAR stock unit transaction disclosed for Ramaswamy?
The filing shows an "other" derivative transaction for 319.614 stock units at $121.24 per unit. This relates to cash compensation deferred into the phantom stock account, rather than an open-market purchase or sale of PACCAR shares.
Are Ramaswamy’s PACCAR stock units immediately convertible into common stock?
The phantom stock units are generally convertible into PACCAR common stock on a one-for-one basis at specific times. For non-employee directors, conversion typically occurs when board service ends or when vesting conditions on restricted stock units are satisfied.
Does this PACCAR Form 4 show insider buying or selling in the market?
No, the transactions relate to deferred compensation and restricted stock units in a phantom stock account. The codes and descriptions indicate plan-based awards and deferrals, not direct open-market purchases or sales of PACCAR common stock by the director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
