Form 4: PACCAR Director Cynthia A. Niekamp Reports Acquisition of Stock Units

Director Cynthia A. Niekamp acquired 1,693 stock units of PACCAR Inc. on January 2, 2025, under the company's Restricted Stock and Deferred Compensation Plan.

Summary

• Cynthia A. Niekamp, a director at PACCAR Inc., reported the acquisition of 1,693 stock units on January 2, 2025.
• These stock units were granted under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• The stock units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• The price of the underlying common stock at the time of the transaction was $103.42.
• Following this transaction, Ms. Niekamp beneficially owns 5,162.9399 stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. It indicates alignment of interests between the director and the company.

Positives

• The acquisition of stock units by a director demonstrates alignment with the company's long-term success.
• The use of a restricted stock plan incentivizes directors to contribute to the company's growth.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for directors in publicly traded companies like PACCAR.
• Many companies in the automotive and manufacturing sectors use restricted stock units as part of their director compensation packages.
• The vesting schedules and terms of these plans are generally aligned with industry norms to incentivize long-term performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

PACCAR, stock units, director, RSDCP, insider trading, beneficial ownership, compensation plan