Form 4: PACCAR Director Kirk Hachigian Reports Stock Unit Acquisition

Director Kirk Hachigian reports acquisition of stock units through dividend reinvestment in PACCAR's Restricted Stock and Deferred Compensation Plan.

Summary

• On June 5, 2024, Kirk S. Hachigian, a director of PACCAR INC, acquired 189.0323 stock units.
• These units were obtained through a dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors.
• The price of the stock units was $110.01.
• Following the transaction, Hachigian directly owns 69,507.1675 derivative securities.
• The stock units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through dividend reinvestment, which is generally viewed favorably.

Positives

• The acquisition of stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates