Form 4: PACCAR EVP Siver Converts RSUs, Sells Shares for Tax

PACCAR Executive Vice President Darrin C. Siver converted restricted stock units to common stock and sold shares to cover tax obligations.

Summary

• Darrin C. Siver, Executive Vice President of PACCAR INC, reported transactions involving company stock.
• On January 1, 2026, 5,915 restricted stock units (RSUs) from the Long Term Incentive Plan (LTIP) converted into common stock on a one-for-one basis.
• On January 2, 2026, 1,516 shares of common stock were disposed of at a price of $109.51 per share to satisfy tax liabilities related to the vesting of restricted shares and/or restricted stock units.
• Following these transactions, Siver directly beneficially owns 66,521 shares of common stock.
• Siver also indirectly owns 24,645.556 shares of common stock through the PACCAR Savings Investment Plan (SIP).
• Derivative holdings include 5,754 Stock Units (LTIP), 38,900 Stock Options with an exercise price of $71.95, 28,610 Stock Options with an exercise price of $104.16, 25,460 Stock Options with an exercise price of $109.13, and 19,702.349 Stock Units (DCP).

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction filing (Form 4) disclosing the conversion of restricted stock units and subsequent sale of shares for tax purposes. It does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• Conversion of restricted stock units indicates vesting and the successful realization of long-term incentive compensation for the executive.

Negatives

• The disposition of 1,516 common stock shares, while for tax purposes, reduces the executive's direct common stock holdings.

Future Outlook

This Form 4 filing is a routine disclosure of insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context or trends. It reflects an executive's compensation and tax planning activities within the heavy-duty truck and industrial equipment manufacturing sector.

Stakeholder Impact

• Shareholders: Provides transparency on executive stock ownership and compensation activities.
• Employees: Reflects standard executive compensation practices, potentially influencing morale or understanding of incentive structures.

Key Dates

Keywords

PACCAR, PCAR, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Executive Compensation, Darrin C. Siver, Common Stock, Stock Options