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PACCAR director acquires 318.3555 stock units

PACCAR's deferred accounts specify separate conversion conditions: director-status termination for Stock Units and vesting conditions for restricted stock units.

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Form Type
4

Rhea-AI Filing Summary

PACCAR Inc director Sreeganesh Ramaswamy acquired 318.3555 Stock Units on October 1, 2026, at a reported $109.9400 per unit. The units reflect cash compensation deferred into a phantom stock account; 11,218.3662 Stock Units were reported after the transaction. A separate RSDCP account lists 13,518.0234 restricted stock units. The Stock Units convert to common stock 1-for-1 upon termination of his non-employee director status; the restricted stock units convert 1-for-1 upon satisfaction of applicable vesting conditions.

Insider RAMASWAMY SREEGANESH
Role Director
Type Security Shares Price Value
Other Stock Units F1, F2 318.3555 $109.94 $35K
holding Stock Units (RSDCP) F3 -- -- --
Holdings After Transaction: Stock Units — 11,218.3662 contracts (Direct); Stock Units (RSDCP) — 13,518.0234 contracts (Direct)
Footnotes (3)
  1. F1. 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. F2. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).
  3. F3. 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.
Stock Units acquired 318.3555 Stock Units October 1, 2026
Reported price per unit $109.9400 per unit Stock Units acquired October 1, 2026
Stock Units after transaction 11,218.3662 Stock Units Reported following the October 1, 2026 transaction
Restricted stock units 13,518.0234 restricted stock units Separate RSDCP holding
Conversion basis 1-for-1 Stock Units and restricted stock units convert to common stock subject to their respective conditions
deferred phantom stock account financial
"held in deferred phantom stock account"
PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) financial
"PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"
vesting conditions financial
"upon satisfaction of all applicable vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

FAQ

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How many PCAR Stock Units did director Sreeganesh Ramaswamy acquire?

Sreeganesh Ramaswamy acquired 318.3555 Stock Units on October 1, 2026, at a reported $109.9400 per unit. The units reflect cash compensation deferred into a phantom stock account.

How many PCAR restricted stock units does Sreeganesh Ramaswamy hold?

A separate RSDCP deferred phantom account lists 13,518.0234 restricted stock units. They convert to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
RAMASWAMY SREEGANESH

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)10/01/2026J(2)318.3555 (1) (1)Common Stock318.3555$109.9411,218.3662D
Stock Units (RSDCP)(3) (3) (3)Common Stock13,518.023413,518.0234D
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 Attorney10/02/2026
** Signature of Reporting PersonDate
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)

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