PACCAR (PCAR) director adjusts stock units in deferred compensation plan

Rhea-AI Filing Summary

PACCAR INC director Luiz Antonio Dos Santos Pretti reported updates to his deferred stock-based compensation, not open-market trading in PACCAR shares. One entry records 4,242.1901 stock units in the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP), which are phantom units convertible into common stock on a 1-for-1 basis when he leaves the board.

A separate Form 4 line shows an "other" transaction involving 175.2722 stock units at $121.24 per unit, after which 1,726.4903 such stock units were held. Footnotes explain these units arise from deferred cash compensation and restricted stock units credited into the RSDCP account, making this filing a routine restructuring of deferred director compensation rather than a conventional stock purchase or sale.

Insights

Equity compensation and governance analyst

Routine deferred-comp restructuring with no open-market trading signal.

The Form 4 shows Luiz Antonio Dos Santos Pretti, a PACCAR non-employee director, adjusting and reporting stock units in the company’s Restricted Stock and Deferred Compensation Plan. These are phantom units linked to PACCAR common stock, credited from deferred cash fees and restricted stock awards.

The key derivative entry is a code J "other" transaction for 175.2722 stock units at $121.24 per unit, leaving 1,726.4903 units in that line item. Separately, the RSDCP account reflects 4,242.1901 stock units convertible 1-for-1 into common shares upon leaving the board.

Because there are no P or S codes and transactionSummary shows zero buy or sell shares, this filing does not indicate discretionary open-market buying or selling. It mainly documents ongoing deferred compensation and administrative restructuring of director equity, which is typically neutral from an information standpoint.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Pretti Luiz Antonio Dos Santos

Role null

Type	Security	Shares	Price	Value
Other	Stock Units	175.272	$121.24	$21K
holding	Stock Units (RSDCP)	--	--	--

Holdings After Transaction: Stock Units — 1,726.49 shares (Direct, null); Stock Units (RSDCP) — 4,242.19 shares (Direct, null)

Footnotes (1)

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. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP). 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.

Key Figures

RSDCP stock units balance: 4,242.1901 stock units Other transaction units: 175.2722 stock units Price per stock unit: $121.24 per unit +2 more

5 metrics

RSDCP stock units balance 4,242.1901 stock units Phantom stock units convertible 1-for-1 into common stock under RSDCP

Other transaction units 175.2722 stock units Code J other transaction on stock units line

Price per stock unit $121.24 per unit Reference price for 175.2722 stock units in code J transaction

Units after J transaction 1,726.4903 stock units Total stock units held on that line after other transaction

Restructuring shares flagged 175.2722 units transactionSummary restructuringShares linked to code J

Key Terms

Restricted Stock and Deferred Compensation Plan, phantom stock, Stock Units (RSDCP), Restricted stock units

4 terms

Restricted Stock and Deferred Compensation Plan financial

"under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"

phantom stock financial

"Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

Stock Units (RSDCP) financial

"Stock Units (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis"

Restricted stock units financial

"Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 07:19 PM Accepted by SEC EDGAR 07/01/2026 - 07:19 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^*

Pretti Luiz Antonio Dos Santos

(Last) (First) (Middle)

777 - 106TH AVE. N.E.

(Street)

BELLEVUE WASHINGTON 98004

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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)	07/01/2026		J(2)		175.2722		(1)	(1)	Common Stock	175.2722	$121.24	1,726.4903	D
Stock Units (RSDCP)	(3)							(3)	(3)	Common Stock	4,242.1901		4,242.1901	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. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (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.

	Michael R. Beers, by Power of Attorney	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did PACCAR (PCAR) director Luiz Antonio Dos Santos Pretti report in this Form 4?

He reported changes in deferred stock units under a PACCAR director compensation plan, not open-market trades. The filing updates holdings in phantom stock accounts linked to common shares, reflecting routine deferred compensation and restructuring activity rather than a traditional buy or sell transaction.

Did the PACCAR (PCAR) director buy or sell common stock in this Form 4?

No open-market purchases or sales are reported. The transactionSummary shows zero buy and zero sell shares. Instead, the filing records an "other" transaction in stock units and updates to phantom stock balances within a restricted stock and deferred compensation plan for non-employee directors.

How many PACCAR-related stock units does the director hold after these transactions?

One line shows 1,726.4903 stock units after an "other" transaction, while a separate plan account holds 4,242.1901 stock units. These units are phantom interests tied to PACCAR common stock and are designed to convert on a 1-for-1 basis under specified conditions described in the plan.

What is the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) mentioned in the Form 4?

The RSDCP is a plan for non-employee directors where cash compensation and restricted stock units can be deferred into a phantom stock account. These stock units mirror PACCAR common stock and are generally convertible into shares on a 1-for-1 basis once vesting or service conditions are satisfied.

What does the code J "other" transaction mean in this PACCAR (PCAR) Form 4?

Code J represents an "other acquisition or disposition" rather than a standard market trade. In this filing, it covers 175.2722 stock units at $121.24 per unit, classified as restructuring activity in the transactionSummary, indicating administrative movement within deferred compensation arrangements, not a typical buy or sell in the market.