Form 4: PACCAR Director Mark Schulz Reports RSU Dividend Reinvestment

PACCAR Director Mark A. Schulz reported the acquisition of 111.4124 restricted stock units through dividend reinvestment under the company's deferred compensation plan.

Summary

• Director Mark A. Schulz acquired 111.4124 restricted stock units (RSUs) of PACCAR Inc. on September 4, 2025.
• The acquisition occurred through dividend reinvestment as part of the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) for non-Employee Directors.
• These RSUs are convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.
• The transaction price for the acquired RSUs was $98.21 per unit.
• Following this transaction, Director Schulz beneficially owns 15,149 shares of common stock directly and 33,268.4336 derivative securities (RSUs).

Sentiment

Score: 5

Explanation: Neutral, as this is a routine insider transaction related to director compensation via dividend reinvestment, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• Director Mark A. Schulz increased his beneficial ownership of PACCAR through the acquisition of additional restricted stock units, aligning his interests with shareholders.
• The dividend reinvestment indicates a routine, ongoing compensation mechanism for non-employee directors, reflecting standard corporate governance practices.

Future Outlook

The restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions, indicating future share issuance.

Industry Context

This filing represents a routine insider transaction related to director compensation, common across publicly traded companies, and does not reflect broader industry trends or competitive shifts.

Comparison to Industry Standards

• NA

Related Party Transactions

• Acquisition of restricted stock units by Director Mark A. Schulz under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP), which is a form of compensation for a related party.

Stakeholder Impact

• Shareholders: Minor potential for future dilution upon RSU conversion, but generally viewed as a routine part of director compensation aligning interests.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• Conversion of restricted stock units to PACCAR common stock upon satisfaction of vesting conditions.

Key Dates

Keywords

PACCAR, PCAR, Mark A. Schulz, Director, Form 4, Insider Trading, Restricted Stock Units, RSU, Dividend Reinvestment, Deferred Compensation, Corporate Governance, Executive Compensation