BANEY KEVIN D 4
Research Summary
AI-generated summary
PACCAR (PCAR) EVP Kevin D. Baney Acquires 18 Shares via Dividend Reinvestment
What Happened
Kevin D. Baney, Executive Vice President of PACCAR Inc. (PCAR), acquired 18.387 shares on 2026-06-03 at $114.38 per share, a total value of roughly $2,103. The transaction is reported as an "other acquisition or disposition" (code J) and reflects shares acquired through dividend reinvestment rather than an open-market purchase.
Key Details
- Transaction date: 2026-06-03; filing date: 2026-06-05 (filed within the typical 2-business-day Form 4 window).
- Price per share: $114.38; total value: ~$2,103.
- Shares acquired: 18.387 (reported as an acquisition).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: F1 — dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP; F2 — restricted stock units in a deferred phantom stock account under the LTIP convertible one-for-one upon vesting.
- Transaction code J typically denotes a non-standard acquisition (here, dividend reinvestment), not a market buy.
Context
This was a dividend reinvestment into PACCAR shares under the company's SIP, a routine way insiders can increase holdings without an open-market trade. Such reinvestments are common and are not the same signal as an outright discretionary purchase. The filing appears timely under SEC Form 4 rules.