Form 4: PACCAR Executive Chairman Mark Pigott Reports Changes in Beneficial Ownership

Mark Pigott, Executive Chairman of PACCAR Inc., reports changes in his beneficial ownership of PACCAR stock due to dividend reinvestments in various company plans.

Summary

• On June 5, 2024, Mark Pigott, the Executive Chairman of PACCAR Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• These changes primarily involve the acquisition of common stock and stock units through dividend reinvestments in the PACCAR Savings Investment Plan (SIP), Deferred Compensation Plan (DCP), Deferred Incentive Compensation Plan (DICP), and Long Term Incentive Plan (LTIP).
• Pigott's indirect ownership through the PACCAR Savings Investment Plan (SIP) increased by 453.109 shares at a price of $110.01.
• He also indirectly owns 424,920 shares through his wife and children.
• Additionally, he acquired 175.836 stock units (DCP), 575.15 stock units (DICP), and 230.775 stock units (LTIP) through dividend reinvestments, all priced at $110.01.
• Following these transactions, Pigott directly owns 4,843,277 common shares and indirectly owns 164,575.961 shares through the PACCAR Savings Investment Plan (SIP).
• He also holds 64,654.6735 stock units (DCP), 211,482.6755 stock units (DICP), and 84,856.1445 stock units (LTIP).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to dividend reinvestments, indicating continued investment by the executive chairman.

Positives

• The increased holdings reflect Pigott's continued investment and confidence in PACCAR's future.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding the Executive Chairman's stake in the company.

Key Dates