Form 4: PACCAR Executive Chairman Mark Pigott Reports Stock Transactions

Mark Pigott, Executive Chairman of PACCAR Inc., reports the conversion of share units into common stock and shares withheld for tax liability.

Summary

• On May 6, 2025, Mark Pigott, the Executive Chairman of PACCAR Inc., reported transactions involving PACCAR's common stock.
• Pigott converted share units held in deferred phantom stock accounts into 374,316 shares of common stock at a price of $88.98 per share.
• Additionally, 135,248 shares were withheld for payment of tax liability related to the vesting of restricted shares and/or restricted stock units at $88.98.
• Following these transactions, Pigott directly owns 5,082,345 shares of PACCAR common stock.
• Pigott also indirectly owns 170,820.776 shares through the PACCAR Savings Investment Plan (SIP) and 424,920 shares through his wife and children.
• Pigott also holds stock units in deferred compensation plans (DCP, DICP, and LTIP) which convert to common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding, but the impact is likely minimal given the size of the transactions relative to the overall market capitalization of PACCAR.

Key Dates

Keywords

PACCAR, Mark Pigott, stock transaction, common stock, Form 4, deferred compensation, share units, tax liability, beneficial ownership, executive chairman