Form 4: PACCAR Director Breber Pierre R Reports Changes in Beneficial Ownership

Director Breber Pierre R reports acquisition of stock units and deferred compensation into phantom stock account, impacting beneficial ownership of PACCAR INC [PCAR] securities.

Summary

• On October 1, 2024, Director Breber Pierre R acquired stock units under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• The transaction involved 407.9551 stock units converted from cash compensation deferred into a phantom stock account.
• Breber also holds 813.6283 restricted stock units in a deferred phantom stock account under the RSDCP.
• Following the reported transactions, Breber directly owns 8,015 shares of PACCAR common stock and 765.0592 stock units.
• The stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of the director's non-employee status or satisfaction of vesting conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of stock units by a director may signal confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies like PACCAR. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates