Form 4: PACCAR Director Mark Schulz Boosts Stock Unit Holdings

PACCAR Director Mark Schulz reported an increase in his beneficial ownership of common stock and acquired additional restricted stock units through dividend reinvestment.

Summary

• Mark A. Schulz, a Director of PACCAR INC (PCAR), reported changes in his beneficial ownership of company securities.
• He directly owns 15,149 shares of PACCAR Common Stock.
• On December 3, 2025, Mr. Schulz acquired 101.1479 additional restricted stock units (RSDCP) through dividend reinvestment.
• These restricted stock units are held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• The units are convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.
• The price of the derivative security (stock units) at the time of the transaction was $108.54.
• Following this transaction, Mr. Schulz beneficially owns a total of 33,369.5815 derivative securities (Stock Units (RSDCP)).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director increasing their holdings, even through routine dividend reinvestment, generally signals confidence in the company's long-term prospects and aligns their interests with shareholders.

Positives

• Director Mark Schulz increased his holdings of restricted stock units through dividend reinvestment, indicating continued alignment with shareholder interests and confidence in the company's long-term prospects.

Future Outlook

NA

Industry Context

This filing details an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: A director's increased holdings through dividend reinvestment may be viewed as a positive signal of confidence in the company's future performance and management alignment.

Key Dates

Recommendation

This Form 4 filing details a routine dividend reinvestment by a director, which slightly increases their beneficial ownership. While it signals continued confidence, it is not a significant open-market purchase or sale that would warrant a change in investment recommendation. The transaction is part of a compensation plan and does not provide new fundamental information to alter a 'hold' stance.

Keywords

PACCAR, PCAR, Form 4, Insider Transaction, Director, Stock Units, Restricted Stock, Dividend Reinvestment, Beneficial Ownership