Form 4: PACCAR Director John Pigott Boosts Stock Unit Holdings

PACCAR Director John Pigott increased his beneficial ownership of PACCAR common stock through dividend reinvestments in stock units and restricted stock units.

Summary

• John Pigott, a Director of PACCAR INC, reported changes in his beneficial ownership of company securities.
• He acquired 7.8851 stock units and 233.9762 restricted stock units through dividend reinvestments on September 4, 2025.
• These units are held under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• Stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of his non-employee director status.
• Restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.
• Following these transactions, his direct beneficial ownership includes 2,283,953 shares of Common Stock, 2,354.5419 stock units, and 69,866.7065 restricted stock units.
• Indirect beneficial ownership includes 51,526 shares of Common Stock held by Grantor Retained Annuity Trusts and 1,079,416 shares of Common Stock held by a Trust for Children.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director increasing their holdings through dividend reinvestment generally indicates confidence in the company's future, although it's a routine transaction.

Positives

• Director John Pigott increased his beneficial ownership in PACCAR through dividend reinvestment, further aligning his interests with shareholders.
• The reinvestment of dividends into additional stock units and restricted stock units demonstrates continued confidence in the company's future prospects.

Risks

• No specific risks were mentioned in this Form 4 filing.

Future Outlook

Stock units held under the RSDCP are convertible to PACCAR common stock on a 1-for-1 basis upon termination of the reporting person's non-employee director status. Restricted stock units are convertible upon satisfaction of all applicable vesting conditions.

Industry Context

This filing represents a routine insider transaction for a director of a major truck manufacturer, PACCAR, and is consistent with common practices for executive compensation and deferred plans in the industrial sector.

Corporate Governance

Related Party Transactions

• The transactions involve a director's participation in a company-sponsored deferred compensation plan, which is a common form of related-party compensation arrangement.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through increased beneficial ownership.

Next Steps

• Conversion of stock units to PACCAR common stock upon termination of non-employee director status.
• Conversion of restricted stock units to PACCAR common stock upon satisfaction of all applicable vesting conditions.

Key Dates

Keywords

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