Form 4: PACCAR Director Barbara Hulit Increases Stake Through Routine Dividend Reinvestment

PACCAR Director Barbara Hulit acquired an additional 18.8033 restricted stock units through a dividend reinvestment plan, increasing her total beneficial ownership to 5,294.54 units.

Summary

• Barbara B. Hulit, a Director of PACCAR Inc. (PCAR), reported a transaction on June 4, 2025.
• The transaction involved the acquisition of 18.8033 additional restricted stock units (RSDCP) through a dividend reinvestment.
• These restricted stock units are held in a deferred phantom stock account under 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 satisfaction of all applicable vesting conditions.
• The price per unit for this transaction was $92.59.
• Following this transaction, Ms. Hulit beneficially owns a total of 5,294.54 restricted stock units.

Sentiment

Score: 7

Explanation: The transaction reflects a routine dividend reinvestment by a director, which is generally viewed positively as it aligns management's interests with shareholders, though it is not a direct open-market purchase.

Positives

• A Director, Barbara B. Hulit, increased her beneficial ownership in PACCAR Inc. by acquiring additional restricted stock units.
• The acquisition was through a dividend reinvestment plan, indicating continued participation in the company's equity programs and aligning the director's interests with shareholders.
• The total beneficial ownership of 5,294.54 restricted stock units demonstrates a significant holding by a key board member.

Future Outlook

This Form 4 filing is a report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide information relevant to broader industry trends or competitive analysis within the commercial vehicle manufacturing sector where PACCAR operates.

Related Party Transactions

• Acquisition of 18.8033 restricted stock units by Director Barbara B. Hulit through a dividend reinvestment plan under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).

Stakeholder Impact

• Shareholders: May view the director's increased stake, even through dividend reinvestment, as a positive sign of continued alignment and confidence in the company's long-term prospects.

Key Dates

Recommendation

Keywords

PACCAR, PCAR, Form 4, Insider Transaction, Director, Restricted Stock Units, Dividend Reinvestment, Beneficial Ownership, Corporate Governance