Form 4: PACCAR Director Gregory M. Spierkel Reports Stock Transactions

Director Gregory M. Spierkel reports transactions involving PACCAR Inc. common stock and restricted stock units, including conversion to common stock upon retirement and shares withheld for tax liability.

Summary

• Gregory M. Spierkel, a director of PACCAR Inc., reported changes in beneficial ownership of the company's securities.
• On May 9, 2025, Spierkel converted 69,736 restricted stock units (held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)) to common stock upon retirement.
• Also on May 9, 2025, 1,046 shares were withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units at a price of $90.66.
• Additionally, 5,912.6665 restricted stock units were forfeited upon retirement.
• Following these transactions, Spierkel directly owns 68,690 shares of PACCAR common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, providing transparency to investors regarding the director's holdings and transactions in PACCAR stock.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The transactions have a limited impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

PACCAR, Director, Stock Units, Common Stock, Beneficial Ownership, Form 4, RSDCP, Spierkel, Retirement, Tax Liability