Form 4: PACCAR Director John Pigott Reports Stock Unit Transactions

Director John Pigott reports acquisition of stock units and restricted stock units through dividend reinvestments in PACCAR's deferred compensation plan.

Summary

• John Pigott, a director of PACCAR INC, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of stock units and restricted stock units under PACCAR's Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors on September 5, 2024.
• These acquisitions resulted from dividend reinvestments within the RSDCP.
• Pigott directly owns 2,283,953 shares of PACCAR common stock.
• He indirectly owns 51,526 shares through Grantor Retained Annuity Trusts and 1,079,416 shares through a trust held for his children.
• The price of the stock units was $92.57.
• 2.8711 stock units were acquired.
• 211.5522 restricted stock units were acquired.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard compensation practices and insider confidence, but do not represent a major shift in ownership or company outlook.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard director compensation practices.

Key Dates