Form 4: PACCAR Director Acquires Stock Units Under Deferred Compensation Plan

PACCAR director Roderick C. McGeary acquired 1,693 stock units under the company's deferred compensation plan on January 2, 2025.

Summary

• Director Roderick C. McGeary acquired 1,693 stock units of PACCAR Inc. on January 2, 2025.
• The stock units were acquired under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• These units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• The price of the stock units was $103.42 per unit.
• Following the transaction, Mr. McGeary beneficially owns 49,332.5236 stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of stock units by a director demonstrates confidence in the company's future performance.
• The use of a deferred compensation plan aligns director interests with long-term shareholder value.

Industry Context

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

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units and deferred compensation plans as part of their director compensation packages.
• The vesting conditions and conversion ratios are typical for such plans.
• The price of the stock units is based on the market price of PACCAR common stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

PACCAR, Director, Stock Units, Deferred Compensation, RSDCP, Beneficial Ownership, Form 4