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

Director Alison J. Carnwath reported the acquisition of stock units in PACCAR Inc. through a dividend reinvestment under the company's deferred compensation plan.

Summary

• On March 6, 2024, Alison J. Carnwath, a director of PACCAR Inc., acquired 42.9737 stock units.
• The acquisition was a result of a dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-Employee Directors.
• The price of the stock units was $115.47.
• These stock units are held in a deferred phantom stock account and are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• Following the transaction, Carnwath directly owns 18,421.3835 stock units.

Sentiment

Score: 7

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

Positives

• The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company.
• The RSDCP plan aligns the interests of non-employee directors with those of shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's ownership in the company.
• The dividend reinvestment plan aligns the interests of the director with those of the shareholders.

Key Dates