Form 4: PACCAR Director Sreeganesh Ramaswamy Reports Stock Unit Transactions

Director Sreeganesh Ramaswamy reports acquisition of stock units and restricted stock units through dividend reinvestments in PACCAR's deferred compensation plan.

Summary

• On June 5, 2024, Sreeganesh Ramaswamy, a director of PACCAR INC, reported transactions involving stock units and restricted stock units.
• These transactions occurred under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• Ramaswamy acquired 19.0883 stock units and 25.9075 restricted stock units through dividend reinvestments.
• The price for both stock units and restricted stock units was $110.01.
• Following these transactions, Ramaswamy beneficially owns 7,018.7747 stock units and 9,526.18 restricted stock units.
• The stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of the director's non-employee status.
• The restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and reinvestment in the company, indicating confidence.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Director compensation packages often include stock and restricted stock units to align their interests with shareholders, a common practice among publicly traded companies like PACCAR.
• Dividend reinvestment plans are a typical feature of deferred compensation plans for non-employee directors, similar to those offered by companies such as Caterpillar and Deere & Company.

Stakeholder Impact

• The transactions reflect the director's continued investment in the company, which can be viewed positively by shareholders.

Key Dates