Dividend reinvestment boosts PACCAR (PCAR) director’s deferred stock units

Rhea-AI Filing Summary

PACCAR Inc director Alison J. Carnwath reported an administrative change in her deferred stock units under the company’s Restricted Stock and Deferred Compensation Plan for non-employee directors. A dividend on existing restricted stock units was reinvested into an additional 60.4549 stock units, based on a reference price of $124.92 per unit.

After this transaction, she held a total of 22,945.3761 stock units in the deferred phantom stock account, which are convertible into PACCAR common stock on a one-for-one basis once all vesting conditions are met. The filing reflects an automatic plan-related adjustment rather than an open-market purchase or sale.

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^*

CARNWATH ALISON J

(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)
03/04/2026

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

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)	03/04/2026		J(2)		60.4549		(1)	(1)	Common Stock	60.4549	$124.92	22,945.3761	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	03/04/2026
	** 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.

FAQ

What insider transaction did PACCAR (PCAR) report for Alison J. Carnath?

PACCAR reported that director Alison J. Carnath had a dividend on existing restricted stock units reinvested into 60.4549 additional stock units. This occurred within the Restricted Stock and Deferred Compensation Plan for non-employee directors, as disclosed in a Form 4 filing.

What are the stock units reported in PACCAR (PCAR) director’s Form 4?

The stock units are restricted stock units in a deferred phantom stock account under PACCAR’s Restricted Stock and Deferred Compensation Plan. Each unit is convertible into one share of PACCAR common stock when all applicable vesting conditions are satisfied, according to the filing footnotes.

How many PACCAR (PCAR) stock units were added through the dividend reinvestment?

The filing shows that 60.4549 additional restricted stock units were credited due to dividend reinvestment. These units were valued using a reference price of $124.92 per unit under the company’s deferred compensation plan for non-employee directors.

How many PACCAR (PCAR) stock units does Alison J. Carnath hold after this transaction?

After the dividend reinvestment, Alison J. Carnath held 22,945.3761 restricted stock units. These units are in a deferred phantom stock account and are designed to convert into PACCAR common stock on a one-for-one basis once vesting conditions are fulfilled.

Was the PACCAR (PCAR) Form 4 transaction an open-market stock purchase or sale?

No, the transaction was categorized as an “other” acquisition or disposition. It reflects dividends on existing restricted stock units being reinvested into additional units within the PACCAR deferred compensation plan, rather than an open-market share purchase or sale.