Form 4: PACCAR VP Increases Holdings via Reinvestment Plans

PACCAR's Vice President and General Counsel, Michael K. Walton, reported the acquisition of common stock and deferred compensation units through dividend reinvestment plans.

Summary

• Michael K. Walton, PACCAR's Vice President and General Counsel, reported changes in his beneficial ownership of company securities.
• On January 7, 2026, Walton acquired 79.208 shares of PACCAR Common Stock at a price of $115.3 per share through dividend reinvestment in the PACCAR Savings Investment Plan (SIP).
• Following this transaction, Walton beneficially owns 6,675.163 shares of Common Stock indirectly through the SIP.
• On the same date, Walton acquired 166.441 Stock Units in a deferred phantom stock account under the PACCAR Deferred Compensation Plan (DCP) through dividend reinvestment, with an equivalent price of $115.3 per unit.
• These DCP Stock Units are convertible to common stock on a one-for-one basis upon satisfaction of applicable conditions.
• Following this transaction, Walton beneficially owns 13,873.98 Stock Units (DCP) directly.
• Walton also holds various stock options with exercise prices ranging from $62.8667 to $109.13, and expiration dates between February 7, 2032, and February 3, 2035.
• Additionally, Walton holds 1,529 Restricted Stock Units in a deferred phantom stock account under the Long Term Incentive Plan (LTIP), convertible to common stock upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an increase in insider ownership through routine company plans, suggesting continued alignment with shareholder interests, though it's not a discretionary open market purchase.

Positives

• Increased insider ownership, albeit through routine dividend reinvestment plans, can signal continued alignment of management interests with shareholders.
• The acquisition of additional shares and units through company plans demonstrates ongoing participation in PACCAR's long-term incentive and savings programs.

Future Outlook

This Form 4 filing reports past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape. It reflects an individual executive's participation in company compensation and savings plans.

Comparison to Industry Standards

• A Form 4 filing primarily details individual insider transactions and does not offer sufficient data for a direct comparison to industry-wide financial performance or operational benchmarks.
• The reported transactions are consistent with standard executive compensation and savings plans (SIP, DCP, LTIP) commonly found across publicly traded companies, including peers in the heavy-duty truck manufacturing sector like Daimler Truck Holding AG or Volvo Group.

Related Party Transactions

• The transactions occurred through the PACCAR Savings Investment Plan (SIP) and PACCAR Deferred Compensation Plan (DCP), which are company-sponsored employee benefit plans.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders due to higher beneficial ownership.
• Employees: The filing highlights the existence and utilization of company-sponsored savings and deferred compensation plans, which are part of employee benefits.

Next Steps

• The stock options held by the reporting person will become exercisable on various dates between January 1, 2025, and January 1, 2028.
• The restricted stock units (LTIP) will convert to common stock upon satisfaction of applicable vesting conditions.

Key Dates

Keywords

PACCAR, PCAR, Form 4, Insider Transaction, Stock Acquisition, Executive Compensation, Dividend Reinvestment, Stock Options, Deferred Compensation