Form 4: PACCAR Director Pierre Breber Reports Dividend Reinvestment

Director Pierre Breber acquired additional stock units through dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan.

Summary

• Director Pierre R. Breber acquired 11.0549 stock units and 12.7781 restricted stock units on June 3, 2026.
• The acquisitions were the result of dividend reinvestments within the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• The transaction price for the units was $114.38 per unit.
• Following these transactions, the director holds 3,623.7949 stock units and 4,188.6652 restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard dividend reinvestment activity.

Positives

• Demonstrates continued alignment of director interests with shareholders through the accumulation of equity-based units.

Negatives

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

Risks

• Value of stock units is subject to market fluctuations in PACCAR common stock price.

Future Outlook

The stock units are convertible to PACCAR common stock on a 1-for-1 basis upon the termination of the director's status or satisfaction of vesting conditions.

Industry Context

StockSavvy.ai notes that dividend reinvestment by directors is a standard corporate governance practice that signals long-term confidence in the company's capital allocation strategy.

Comparison to Industry Standards

• The use of deferred phantom stock accounts for non-employee directors is consistent with standard compensation practices among large-cap industrial firms like Cummins or Deere & Co.

Stakeholder Impact

• Minimal impact on shareholders as this represents internal dividend reinvestment rather than open market trading.

Next Steps

• No specific future actions required by the reporting person.

Key Dates

Keywords

PACCAR, PCAR, Director, Insider Trading, Dividend Reinvestment, Form 4