Form 4: PACCAR Executive Vice President Darrin C. Siver Reports Changes in Beneficial Ownership

Darrin C. Siver, Executive Vice President of PACCAR Inc., reports transactions involving common stock and derivative securities, including acquisitions through dividend reinvestments and holdings in deferred compensation plans.

Summary

• On September 5, 2024, Darrin C. Siver, an Executive Vice President at PACCAR Inc., reported changes in beneficial ownership of the company's securities.
• Siver acquired 75.9 shares of common stock at $92.57 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
• He also acquired 38.652 stock units under the PACCAR Deferred Compensation Plan (DCP) due to dividend reinvestment.
• Siver directly owns 56,526 shares of PACCAR common stock.
• He indirectly owns 23,436.508 shares through the PACCAR Savings Investment Plan (SIP).
• Siver holds various stock options with exercise prices ranging from $43.7067 to $104.16, expiring between 2028 and 2034.
• He also holds 12,164 stock units under the Long Term Incentive Plan (LTIP).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The executive is increasing their holdings, which suggests confidence, but the transactions are routine and expected.

Positives

• The reporting person is increasing their holdings in the company through dividend reinvestments, which can be seen as a positive sign of confidence in the company's future.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates the executive's continued investment in the company through dividend reinvestments and deferred compensation plans.

Comparison to Industry Standards

• Executive compensation structures, including stock options and deferred compensation plans, are common across publicly traded companies, particularly in the manufacturing and automotive sectors.
• Companies like Daimler Truck, Volvo Group, and Navistar International also utilize similar compensation methods to align executive interests with shareholder value.
• The specific terms of the stock options (exercise price, expiration date) are typical for executive compensation packages designed to incentivize long-term performance.

Stakeholder Impact

• The reported transactions have a minor positive impact on shareholders as they reflect the executive's continued investment in the company.

Key Dates