Form 4: PACCAR Director Alison J. Carnwath Acquires 1,693 Stock Units

Director Alison J. Carnwath acquired 1,693 stock units of PACCAR Inc. on January 2, 2025, through a deferred compensation plan.

Summary

• Alison J. Carnwath, a director at PACCAR Inc., acquired 1,693 stock units on January 2, 2025.
• These stock units were obtained through 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 was $103.42 per unit.
• Following the transaction, Ms. Carnwath directly owns 20,271.4326 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 signals 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

• Director compensation through stock units is a common practice among publicly traded companies, including PACCAR's competitors such as Daimler Truck Holding AG and Volvo AB.
• These companies also use similar deferred compensation plans to align director interests with long-term shareholder value.
• The vesting conditions and conversion ratios are generally consistent with industry standards for such plans.

Stakeholder Impact

• The acquisition of stock units by a director can be viewed positively by shareholders as it demonstrates confidence in the company's future.

Key Dates

Keywords

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