Form 4: PACCAR Director Alison J. Carnwath Reports Stock Unit Acquisition

Director Alison J. Carnwath reports acquisition of stock units in PACCAR Inc. through dividend reinvestment.

Summary

• On January 8, 2025, Alison J. Carnwath, a director of PACCAR Inc., acquired 513.6894 stock units.
• These units were obtained through a dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-Employee Directors.
• The price of the stock units was $108.5.
• Following this transaction, Carnwath directly owns 20,785.122 stock units.
• These restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company through dividend reinvestment, which is generally viewed favorably.

Positives

• Director's participation in the dividend reinvestment plan signals confidence in the company's future performance.
• Increased holdings of stock units align the director's interests with those of the shareholders.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like PACCAR, similar to filings made by directors and officers at companies like Daimler Truck Holding AG and Volvo Group.
• Dividend reinvestment plans are a common way for directors to increase their stake in the company, aligning their interests with shareholders, a practice seen across various industries.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's confidence in the company.

Key Dates