Form 4: PACCAR EVP Siver Boosts Holdings via Dividend Reinvestment

PACCAR Executive Vice President Darrin C. Siver increased his beneficial ownership of PACCAR common stock and deferred compensation units through dividend reinvestment plans.

Summary

• Darrin C. Siver, Executive Vice President of PACCAR INC (PCAR), reported changes in beneficial ownership of company securities.
• On December 3, 2025, Siver acquired 75.905 shares of Common Stock at a price of $108.54 per share through dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
• Following this transaction, Siver indirectly beneficially owns 24,645.556 shares of Common Stock via the SIP.
• Additionally, on December 3, 2025, Siver acquired 59.721 Stock Units (DCP) at a price of $108.54 per unit, representing dividend reinvestment in the PACCAR Deferred Compensation Plan.
• After this transaction, Siver directly owns 19,702.349 Stock Units (DCP), which are convertible to common stock on a one-for-one basis.
• The filing also details existing direct holdings of Stock Options: 38,900 options exercisable from January 1, 2026, at $71.95, expiring February 8, 2033; 28,610 options exercisable from January 1, 2027, at $104.16, expiring February 5, 2034; and 25,460 options exercisable from January 1, 2028, at $109.13, expiring February 3, 2035.
• Siver also directly holds 11,669 Stock Units (LTIP) which are restricted stock units convertible to common stock upon vesting conditions.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to an executive increasing their beneficial ownership, even if through routine dividend reinvestment. It indicates continued alignment and confidence in the company.

Positives

• The Executive Vice President's increased beneficial ownership through dividend reinvestment signals continued confidence in the company's long-term performance.
• Participation in dividend reinvestment plans (SIP and DCP) demonstrates alignment of executive interests with shareholder returns.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the exercisable and expiration dates of existing stock options.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not contain information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders may view the executive's increased holdings as a positive signal of management's commitment and belief in the company's future prospects.

Key Dates

Recommendation

This Form 4 filing reports routine dividend reinvestment transactions by an executive, which, while a minor positive signal of insider confidence, does not provide new fundamental information to warrant a change in investment recommendation. The transactions are part of pre-arranged plans and are not indicative of a significant shift in company outlook or valuation.

Keywords

PACCAR, PCAR, Darrin C. Siver, Insider Transaction, Form 4, Beneficial Ownership, Dividend Reinvestment, Executive Compensation, Stock Options, Deferred Compensation Plan, Long Term Incentive Plan