Form 4: PACCAR Director John Pigott Reports Changes in Beneficial Ownership

Director John Pigott reports changes in beneficial ownership of PACCAR Inc. stock, including acquisitions of stock units and adjustments in holdings through trusts and deferred compensation plans.

Summary

• On January 8, 2025, John Pigott, a director of PACCAR Inc., reported changes in his beneficial ownership of the company's stock.
• These changes include the acquisition of stock units under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors.
• Pigott directly owns 2,283,953 shares of PACCAR common stock.
• He also indirectly owns 51,526 shares through Grantor Retained Annuity Trusts and 1,079,416 shares through a trust held for his children.
• The reported transactions involve the reinvestment of dividends into additional stock units and restricted stock units under the RSDCP.
• The price of the stock units was $108.5.
• Following the reported transactions, Pigott beneficially owns 1,621.8862 stock units and 69,163.7765 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, which carries a neutral sentiment.

Positives

• The director's continued participation in the company's stock plans demonstrates confidence in PACCAR's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director, which is common and doesn't necessarily signal a major shift in the company's outlook.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• The level of ownership and participation in stock plans is typical for directors of large corporations like PACCAR.
• Companies like Daimler Truck, Volvo Group, and Navistar also have similar insider ownership structures.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates