Form 4: PACCAR Director Gregory M. Spierkel Reports Changes in Beneficial Ownership

Director Gregory M. Spierkel reports acquisition of stock units through dividend reinvestment in PACCAR's Restricted Stock and Deferred Compensation Plan.

Summary

• Gregory M. Spierkel, a director of PACCAR INC, filed a Form 4 with the SEC on March 7, 2024.
• The report details changes in beneficial ownership of PACCAR securities.
• On March 6, 2024, Spierkel acquired 165.9198 stock units through dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• These restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• The price of the stock units was $115.47.
• Following the transaction, Spierkel directly owns 71,124.3039 shares.
• The filing was signed by Michael R. Beers, by Power of Attorney, on behalf of Gregory M. Spierkel.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (dividend reinvestment) by a director, indicating continued alignment with the company's performance.

Positives

• The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's ongoing investment in the company through participation in a deferred compensation plan.

Stakeholder Impact

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

Key Dates