[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Pretti Luiz Antonio Dos Santos, a PACCAR Inc (PCAR) director, reported transactions dated 09/04/2025 converting deferred stock units and restricted stock units to common stock equivalents and recording dividend reinvestments under PACCAR's Restricted Stock and Deferred Compensation Plan for non-employee directors (RSDCP). The filing shows 3.137 stock units (price $98.21) and 8.7386 restricted stock units (price $98.21) recorded on that date, resulting in total reported beneficial holdings of 936.7393 and 2,609.3921 units respectively. The transactions reflect dividend reinvestment and plan-defined conversions; the form was signed by Michael R. Beers by power of attorney on 09/05/2025.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation activity under the company's deferred stock plan, reflecting dividend reinvestment and unit conversion.

The Form 4 documents standard, non-cash adjustments to a director's deferred compensation accounts under PACCAR's RSDCP. The reported amounts are small unit increases (<10 units each) recorded as dividend reinvestment and unit conversion at $98.21 per share. These entries align with plan mechanics and do not indicate open-market purchases or sales by the director. From a governance perspective this is transactional disclosure compliance with no apparent governance or control implications.

Securities/Insider Transactions Analyst

TL;DR: Non-derivative reporting of plan-based unit accruals; immaterial to market pricing or ownership control.

The filing reports reinvested dividends and conversions of deferred and restricted stock units into common stock equivalents under the RSDCP, with transaction codes consistent with plan reinvestment (J codes). The numeric changes are small and recorded as direct beneficial ownership. There is no cash sale, exercise, or open-market trade disclosed. This is routine Section 16 reporting; impact on float or insider concentration is negligible given the unit sizes shown.

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

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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^*

Pretti Luiz Antonio Dos Santos

(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)		3.137		(1)	(1)	Common Stock	3.137	$98.21	936.7393	D
Stock Units (RSDCP)	(3)	09/04/2025		J(4)		8.7386		(3)	(3)	Common Stock	8.7386	$98.21	2,609.3921	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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PCAR director Pretti Luiz Antonio Dos Santos report on Form 4?

The Form 4 reports conversions and dividend reinvestments of deferred stock units and restricted stock units under PACCAR's RSDCP dated 09/04/2025, recorded at $98.21 per share equivalent.

How many stock units were reported in the Form 4 for PCAR?

The filing shows 3.137 stock units added and 8.7386 restricted stock units added, with total beneficial holdings of 936.7393 and 2,609.3921 units respectively.

Were these Form 4 transactions open-market purchases or plan-based adjustments?

They are plan-based adjustments: dividend reinvestments and conversions under the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors (RSDCP), not open-market trades.

What transaction codes were used on the Form 4 filing?

The filing uses J-class transaction codes indicating non-cash plan-based transactions such as dividend reinvestment and unit conversion under the RSDCP.

Who signed the Form 4 for Pretti Luiz Antonio Dos Santos?

The Form 4 was signed by Michael R. Beers by Power of Attorney on 09/05/2025.