Form 4: PACCAR Director Sreeganesh Ramaswamy Reports Stock Unit Transactions

Director Sreeganesh Ramaswamy reports transactions involving PACCAR stock units related to deferred compensation plans.

Summary

• On April 1, 2025, Sreeganesh Ramaswamy, a director of PACCAR INC, reported transactions involving stock units.
• These transactions are related to the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP).
• Ramaswamy acquired 394.2415 stock units at a price of $98.29, representing cash compensation deferred into a phantom stock account.
• He also holds 11,576.1667 restricted stock units in a deferred phantom stock account under the same plan.
• Following the reported transactions, Ramaswamy beneficially owns 8,812.7559 stock units and 11,576.1667 restricted stock units.
• These stock units are convertible to PACCAR common stock on a 1-for-1 basis upon termination of his status as a non-employee director or satisfaction of vesting conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions described are part of a routine compensation plan. Therefore, the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice among publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to director compensation and deferred stock units.

Key Dates

Keywords

PACCAR, stock units, director, Ramaswamy, deferred compensation, RSDCP, Form 4, beneficial ownership