PACCAR (PCAR) Form 4: Director Converts Deferred Units to Shares

Ramaswamy Sreeganesh, a PACCAR (PCAR) director, reported Form 4 transactions dated 09/04/2025.

Rhea-AI Filing Summary

Ramaswamy Sreeganesh, a PACCAR (PCAR) director, reported Form 4 transactions dated 09/04/2025. The filing shows two entries converting phantom stock or restricted stock units under PACCAR's Restricted Stock and Deferred Compensation Plan for non-employee directors into the equivalent of common stock. One entry records 31.0436 stock units with a reported price of $98.21 and a post-transaction beneficial ownership of 9,269.8119 shares. The second records 39.0363 restricted stock units with the same reported price and a post-transaction beneficial ownership of 11,656.4616 shares. Explanations state these are deferred phantom stock and restricted stock units convertible 1-for-1 to common stock, and dividends on those units were reinvested as additional units per the plan.

Positive

• Director participation in company deferred equity plan shows alignment with shareholder interests through equity-denominated compensation
• Dividend reinvestment into additional units increases the director's long-term stake under plan terms

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity accruals via company deferred compensation plan; immaterial market impact.

The reported transactions reflect internal plan mechanics rather than open-market purchases or sales. The entries indicate conversion of phantom stock and restricted stock units and dividend reinvestment under PACCAR's non-employee director plan at an indicated price of $98.21, resulting in total beneficial holdings of 9,269.8119 and 11,656.4616 shares respectively. This is a governance/compensation disclosure showing director compensation settled in equity units; there is no evidence in the form of market trading or change in outstanding share count beyond the director's beneficial position.

Corporate Governance Expert

TL;DR: Disclosure documents standard director deferred compensation conversions and dividend reinvestments; no governance red flags shown.

The Form 4 explains that the holdings originate in PACCAR's Restricted Stock and Deferred Compensation Plan (RSDCP) for non-employee directors and convert 1-for-1 into common stock upon termination or vesting. Dividend reinvestment into additional units is specifically noted. The filing is procedural, documenting beneficial ownership levels after plan-related conversions and reinvestments. There are no indicated amendments, unusual transaction codes beyond J (plan-related) or indications of insider selling or unusual transfers.

Insider Trade Summary

Other: 70.0799 shares

Other 2 txns

Insider RAMASWAMY SREEGANESH

Role Director

Type	Security	Shares	Price	Value
Other	Stock Units	31.0436	$98.21	$3K
Other	Stock Units (RSDCP)	39.0363	$98.21	$4K

Holdings After Transaction: Stock Units — 9,269.8119 contracts (Direct); Stock Units (RSDCP) — 11,656.4616 contracts (Direct)

Footnotes (4)

1. F1. Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon termination of the Reporting Person's status as a non-employee director.
2. F2. Dividend on stock units held in phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) reinvested in additional stock units pursuant to RSDCP.
3. F3. Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.
4. F4. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PCAR director Ramaswamy Sreeganesh report on Form 4?

He reported plan-related conversions and dividend reinvestments of phantom stock and restricted stock units under PACCAR's RSDCP resulting in specified beneficial ownership amounts.

How many units and shares are shown after the reported transactions?

Post-transaction beneficial ownership is 9,269.8119 shares for the stock units entry and 11,656.4616 shares for the restricted stock units entry as reported.

What transaction date is listed on the Form 4 for PCAR (PCAR)?

The transaction date listed is 09/04/2025 with the Form signed or filed on 09/05/2025 by Michael R. Beers by Power of Attorney.

Were these open-market purchases or sales reported?

No. The form indicates these were plan-related conversions and dividend reinvestments under the RSDCP (transaction code J), not open-market trades.

What is the reported price associated with the units?

The filing lists a price of $98.21 associated with the reported entries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/05/2025 - 07:29 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RAMASWAMY SREEGANESH

(Last) (First) (Middle)

777 - 106TH AVE. N.E.

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACCAR INC [ PCAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units	(1)	09/04/2025		J(2)		31.0436		(1)	(1)	Common Stock	31.0436	$98.21	9,269.8119	D
Stock Units (RSDCP)	(3)	09/04/2025		J(4)		39.0363		(3)	(3)	Common Stock	39.0363	$98.21	11,656.4616	D

Explanation of Responses:

1. Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon termination of the Reporting Person's status as a non-employee director.

2. Dividend on stock units held in phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) reinvested in additional stock units pursuant to RSDCP.

3. Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.

4. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.

	Michael R. Beers, by Power of Attorney	09/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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