PACCAR (PCAR) director adds 405 stock units via dividend under RSDCP plan

Rhea-AI Filing Summary

PACCAR director Mark A. Schulz reported a change in his deferred equity holdings related to his service as a non-employee director. On 01/07/2026, he acquired 405.1814 stock units under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) at a reference price of $115.3 per unit, coded as transaction type J.

The footnotes explain that these restricted stock units are held in a deferred phantom stock account and are convertible into PACCAR common stock on a 1-for-1 basis after vesting conditions are met, and that the new units reflect a dividend on restricted stock units reinvested into additional units. Following this transaction, Schulz held 33,774.7629 stock units under the plan and 16,718 shares of PACCAR common stock, all shown as directly owned.

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

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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^*

SCHULZ MARK A

(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)
01/07/2026

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
Common Stock								16,718	D

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 (RSDCP)	(1)	01/07/2026		J(2)		405.1814		(1)	(1)	Common Stock	405.1814	$115.3	33,774.7629	D

Explanation of Responses:

1. 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.

2. 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	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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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FAQ

What insider transaction did PACCAR (PCAR) director Mark A. Schulz report?

Director Mark A. Schulz reported a derivative transaction dated 01/07/2026 involving 405.1814 Stock Units (RSDCP). The transaction is coded J and reflects a dividend on existing restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors, which was reinvested in additional restricted stock units.

How many PACCAR stock units does Mark A. Schulz hold after this Form 4 filing?

After the reported transaction, Mark A. Schulz beneficially owned 33,774.7629 Stock Units (RSDCP), as shown in the derivative securities table. These units are held directly and are linked to PACCAR common stock on a 1-for-1 basis upon satisfaction of vesting conditions.

How many PACCAR common shares does Mark A. Schulz own following the reported transaction?

The non-derivative securities table shows that Mark A. Schulz beneficially owned 16,718 shares of PACCAR common stock following the reported transaction. This holding is reported as direct ownership.

What is the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) mentioned in the filing?

The filing explains that the RSDCP is the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors. Under this plan, restricted stock units are held in a deferred phantom stock account and are convertible to PACCAR common stock on a 1-for-1 basis once all applicable vesting conditions are met.

Why did Mark A. Schulz receive 405.1814 additional stock units under the RSDCP?

A footnote states that the 405.1814 additional restricted stock units resulted from a dividend on restricted stock units under the RSDCP that was reinvested in additional restricted stock units pursuant to the plan. The transaction was recorded at a price of $115.3 per unit.

Is the reported PACCAR Form 4 transaction a direct or indirect holding for Mark A. Schulz?

Both the 33,774.7629 Stock Units (RSDCP) and the 16,718 shares of PACCAR common stock are reported with ownership form D, indicating they are held directly by Mark A. Schulz, with no separate entity or indirect ownership noted in the nature of ownership field.