Form 4: PACCAR VP Bolgar Reinvests Dividends, Updates Holdings

PACCAR Vice President Paulo Henrique Bolgar reported a dividend reinvestment in common stock and updated his beneficial ownership of both non-derivative and derivative securities.

Summary

• Paulo Henrique Bolgar, Vice President of PACCAR INC, reported changes in his beneficial ownership of company securities.
• On December 3, 2025, 2.326 shares of PACCAR Common Stock were acquired through dividend reinvestment in the PACCAR Savings Investment Plan (SIP) at a price of $108.54 per share.
• Following this transaction, Mr. Bolgar indirectly beneficially owns 755.212 shares of Common Stock through the SIP.
• Additionally, Mr. Bolgar directly beneficially owns 4,281 shares of Common Stock.
• He holds various stock options: 12,183 options exercisable from January 1, 2025, at $54.6133; 11,374 options exercisable from January 1, 2026, at $71.95; 8,294 options exercisable from January 1, 2027, at $104.16; and 9,792 options exercisable from January 1, 2028, at $109.13.
• Mr. Bolgar also holds 5,115 Stock Units (LTIP) in a deferred phantom stock account, which are convertible to common stock on a one-for-one basis upon satisfaction of vesting conditions.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of an insider transaction, specifically a dividend reinvestment, which is generally viewed as a neutral to slightly positive signal of management's confidence in the company's long-term prospects. It does not contain information that would significantly alter the company's financial outlook.

Positives

• The dividend reinvestment indicates a continued commitment and confidence in the company by a key executive.
• Increased indirect ownership through the PACCAR Savings Investment Plan aligns executive interests with long-term shareholder value.

Future Outlook

The future outlook for the reporting person's holdings includes the vesting of 5,115 restricted stock units under the Long Term Incentive Plan, which will convert to common stock on a one-for-one basis upon satisfaction of applicable vesting conditions. Additionally, various tranches of stock options will become exercisable on their respective dates between 2025 and 2028.

Management Comments

• Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.
• Restricted stock units (LTIP) are held in a deferred phantom stock account and are convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies. It provides transparency into executive stock ownership and compensation structures, which is standard practice in the financial industry.

Stakeholder Impact

• Shareholders gain transparency into the beneficial ownership and compensation structure of a key executive.
• The dividend reinvestment aligns the executive's financial interests with those of long-term shareholders.

Next Steps

• Satisfaction of vesting conditions for 5,115 Stock Units (LTIP) to convert into common stock.
• Exercise of various tranches of stock options as they become exercisable between 2025 and 2028.

Key Dates

Keywords

PACCAR, PCAR, Form 4, Insider Transaction, Beneficial Ownership, Stock Options, Restricted Stock Units, Dividend Reinvestment, Executive Compensation