Form 4: PACCAR Director Acquires 1,693 Stock Units

PACCAR director Kirk S. Hachigian acquired 1,693 stock units on January 2, 2025, under the company's Restricted Stock and Deferred Compensation Plan.

Summary

• Kirk S. Hachigian, a director at PACCAR Inc., acquired 1,693 stock units on January 2, 2025.
• These stock units were granted under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• The units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• The price of the stock units at the time of acquisition was $103.42.
• Following the transaction, Mr. Hachigian beneficially owns 71,602.0977 stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as a neutral to slightly positive indicator of company health and alignment of interests.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.
• The use of a restricted stock plan aligns director interests with those of shareholders.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align the interests of directors and shareholders.
• The PACCAR Restricted Stock and Deferred Compensation Plan is similar to those used by other large industrial companies such as Caterpillar and Deere & Company.
• The vesting conditions for these stock units are not detailed in this document, but are likely to be tied to continued service or performance metrics, which is standard practice.

Stakeholder Impact

• The acquisition of stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

PACCAR, stock units, director, insider trading, RSDCP, compensation, equity