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 grantor retained annuity trusts and trusts for children.

Summary

• On March 5, 2025, John Pigott, a director of PACCAR Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• The reported transactions include the acquisition of stock units under PACCAR's Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors.
• These stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of Pigott's status as a non-employee director.
• Dividends on both stock units and restricted stock units held in the phantom stock account under the RSDCP were reinvested in additional units.
• 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.
• Pigott directly owns 1,627.084 stock units and 69,385.4337 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The director's continued investment through dividend reinvestment is a mildly positive signal.

Positives

• The acquisition of stock units through dividend reinvestment demonstrates Pigott's continued investment in PACCAR's future.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their investment activities in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the investment activities of a company director.

Key Dates