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

Executive Vice President Darrin C. Siver reports changes in beneficial ownership of PACCAR Inc. stock, including acquisitions through dividend reinvestments and holdings in deferred compensation plans.

Summary

• Darrin C. Siver, an Executive Vice President at PACCAR Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• On March 5, 2025, Siver acquired 78.566 shares of common stock at a price of $102.97 per share through a dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
• He also acquired 49.41 stock units through a dividend reinvestment in the PACCAR Deferred Compensation Plan (DCP).
• Following these transactions, Siver directly owns 62,122 shares of PACCAR common stock.
• He also indirectly owns 24,294.942 shares through the PACCAR Savings Investment Plan (SIP) and 15,466.631 stock units in the PACCAR Deferred Compensation Plan (DCP).
• Siver holds options for 38,900 shares exercisable on 01/01/2026 at $71.95, 28,610 shares exercisable on 01/01/2027 at $104.16 and 25,460 shares exercisable on 01/01/2028 at $109.13.
• He also holds 11,669 stock units under the Long Term Incentive Plan (LTIP).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and stock ownership. There's no indication of significant positive or negative news.

Positives

• The reporting person is increasing their holdings in the company, which could be interpreted as a positive signal.

Industry Context

Executive stock ownership changes are a common occurrence in publicly traded companies and are often related to compensation and investment strategies.

Comparison to Industry Standards

• Executive compensation packages, including stock options and restricted stock units, are standard practice among large corporations like PACCAR, similar to companies such as Caterpillar (CAT) and Deere & Company (DE).
• The vesting schedules and exercise prices of the stock options are typical for executive compensation plans.
• Dividend reinvestment plans and deferred compensation plans are also common methods for executives to increase their ownership in the company.

Stakeholder Impact

• The changes in beneficial ownership may have a minor impact on shareholders, as they reflect the executive's alignment with the company's performance.
• Employees participating in the Savings Investment Plan (SIP) and Deferred Compensation Plan (DCP) are also stakeholders, as their investments are affected by the company's stock performance.

Key Dates