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

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

Summary

• On March 5, 2025, Mark Pigott, the Executive Chairman of PACCAR Inc., reported 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 PACCAR's Savings Investment Plan (SIP), Deferred Compensation Plan (DCP), Deferred Incentive Compensation Plan (DICP), and Long Term Incentive Plan (LTIP).
• Pigott acquired 553.001 shares of common stock at a price of $102.97 through the SIP dividend reinvestment.
• He also acquired 214.167 stock units through the DCP, 700.531 stock units through the DICP, and 281.083 stock units through the LTIP, all at a price of $102.97 per unit.
• Following these transactions, Pigott directly owns 4,843,277 shares of PACCAR common stock.
• He also indirectly owns 170,820.776 shares through the PACCAR Savings Investment Plan, and 424,920 shares through his wife and children.
• Additionally, he holds 67,040.73 stock units in the DCP, 219,287.377 stock units in the DICP, and 87,987.723 stock units in the LTIP.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reflects routine transactions indicating continued investment by a key executive, which is generally viewed favorably.

Positives

• The document indicates continued investment in PACCAR by its Executive Chairman through dividend reinvestments.
• Pigott's significant direct and indirect ownership stake aligns his interests with those of other shareholders.

Industry Context

This filing is a routine disclosure related to insider trading regulations and provides transparency regarding the ownership stake of a key executive in PACCAR. It is common for executives to participate in company-sponsored investment plans and reinvest dividends.

Comparison to Industry Standards

• Executive compensation and stock ownership structures vary across the industry.
• Comparing Pigott's ownership stake and participation in company plans to those of executives at competitors like Daimler Truck, Volvo Group, and Navistar would provide a more comprehensive understanding of PACCAR's executive compensation practices.
• Generally, high levels of executive stock ownership are viewed positively as they align management's interests with shareholder value.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive stock ownership.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates