Form 4: PACCAR Director Alison Carnwath Increases Stock Unit Stake

Director Alison J. Carnwath acquired 70.2123 additional restricted stock units in PACCAR Inc via dividend reinvestment.

Summary

• Director Alison J. Carnwath received 70.2123 additional restricted stock units (RSUs) under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• The acquisition occurred on June 3, 2026, at a price of $114.38 per unit.
• The total number of securities beneficially owned following this transaction is 23,015.5884 units.
• These units are held in a deferred phantom stock account and are convertible to common stock on a 1-for-1 basis upon vesting.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard director compensation practices.

Positives

• Demonstrates continued alignment of director interests with shareholders through the accumulation of equity-based compensation.

Negatives

• None identified; this is a routine administrative transaction related to dividend reinvestment.

Risks

• Value of the deferred phantom stock is subject to the market performance of PACCAR common stock.

Future Outlook

The filing does not provide forward-looking financial guidance for the company.

Industry Context

StockSavvy.ai notes that routine dividend reinvestment by board members is a standard corporate governance practice, signaling long-term commitment to the issuer's equity without indicating a change in strategic direction.

Comparison to Industry Standards

• The use of deferred phantom stock plans for non-employee directors is consistent with compensation structures at other large-cap industrial firms like Caterpillar or Deere & Co.

Stakeholder Impact

• Minimal impact on shareholders as this represents a routine internal compensation adjustment.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

PACCAR, PCAR, Form 4, Director, Insider Trading, Dividend Reinvestment, Restricted Stock Units