[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Mark A. Schulz, a director of PACCAR Inc. (PCAR), filed a Form 4 reporting changes in beneficial ownership on 09/04/2025. The filing shows a disposition of 15,149 shares of PACCAR common stock. The report also documents activity in the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP): 111.4124 stock units are shown with a reported price of $98.21, and the filing lists 33,268.4336 shares as beneficially owned following the reported derivative transaction. The form explains that RSDCP units are restricted stock units held in a deferred phantom stock account convertible to common stock on a 1-for-1 basis upon vesting, and that dividends on those units are reinvested into additional restricted stock units.

Insights

Financial Analyst

TL;DR: Routine director sale and deferred stock-unit reporting; no forward-looking guidance or company operational data provided.

The Form 4 discloses a 15,149-share disposition by Director Mark A. Schulz and reporting of 111.4124 RSDCP stock units at a per-unit price shown as $98.21. This appears to reflect customary director compensation and deferred-plan mechanics rather than an operational development. The filing clarifies the RSDCP units convert 1-for-1 to common stock when vested and that dividends are reinvested as additional units, which affects the director's future delivered share count but does not itself change company financials.

Corporate Governance Expert

TL;DR: Standard Section 16 disclosure of an insider sale and deferred-compensation accounting; disclosure aligns with executive compensation plan terms.

The filing identifies Mr. Schulz as a director and discloses both an open-market disposition and activity in the non-employee director deferred-compensation plan (RSDCP). The explanation describes plan mechanics: restricted stock units are held in a phantom account, convert on a 1-for-1 basis upon vesting, and dividends are reinvested into units. From a governance and compliance perspective, the Form 4 meets Section 16 reporting requirements for timing and content; no governance concerns or unusual arrangements are evident from the disclosed items.

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
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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)
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
Common Stock								15,149	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)	09/04/2025		J(2)		111.4124		(1)	(1)	Common Stock	111.4124	$98.21	33,268.4336	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	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 transaction did Mark A. Schulz report on the Form 4 for PCAR?

The Form 4 reports a disposition of 15,149 shares of PACCAR common stock on 09/04/2025.

How many restricted stock units were reported and at what price?

The filing shows 111.4124 stock units (RSDCP) with a reported price of $98.21.

What is the nature of the RSDCP units reported in the Form 4?

RSDCP units are restricted stock units held in a deferred phantom stock account for non-employee directors and convert to common stock on a 1-for-1 basis upon vesting.

Did the Form 4 indicate reinvestment of dividends for the RSDCP?

Yes. The filing explains that dividends on restricted stock units are reinvested in additional restricted stock units pursuant to the RSDCP.

How many shares are shown as beneficially owned following the reported transactions?

The Form 4 lists 33,268.4336 shares as beneficially owned following the reported derivative transaction.