Form 4: PACCAR Director Mark Schulz Increases Stock Unit Holdings

Director Mark A. Schulz acquired additional restricted stock units in PACCAR Inc through a dividend reinvestment plan.

Summary

• Director Mark A. Schulz acquired 103.6229 restricted stock units (RSUs) on June 3, 2026.
• The acquisition was executed via a dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• The units were acquired at a price of $114.38 per unit.
• Following this transaction, the director holds a total of 33,967.6083 restricted stock units in the deferred phantom stock account.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation and dividend reinvestment.

Positives

• Demonstrates continued alignment of director interests with shareholders through dividend reinvestment.
• Reflects ongoing participation in the company's deferred compensation plan.

Negatives

• None identified; this is a routine administrative transaction related to dividend reinvestment.

Risks

• Value of holdings is subject to market fluctuations in PACCAR common stock price.
• Vesting conditions of the RSDCP must be met for conversion to common stock.

Future Outlook

The filing does not provide forward-looking guidance regarding company performance, focusing solely on director equity holdings.

Industry Context

StockSavvy.ai notes that routine dividend reinvestment by board members is a standard corporate governance practice, signaling long-term confidence in the issuer's dividend policy and equity value.

Comparison to Industry Standards

• The transaction aligns with standard executive and director compensation practices in the heavy-duty truck manufacturing sector.
• Dividend reinvestment plans (DRIPs) are common among S&P 500 industrial companies to encourage long-term equity retention.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine internal compensation adjustment.

Next Steps

• Future conversion of restricted stock units to common stock upon satisfaction of vesting conditions.

Key Dates

Keywords

PACCAR, PCAR, Form 4, Insider Trading, Director, Dividend Reinvestment, Restricted Stock Units