[Form 4] PACCAR INC Insider Trading Activity

Rhea-AI Filing Summary

PACCAR Inc. director Luiz Antonio Dos Santos reported changes in his holdings under the company's non-employee director deferred compensation plan. The filing shows a cash compensation deferral converted into 217.4803 stock units at an attributed price of $97.71, recorded under transaction code J. After the reported transaction the filing lists 1,154.2196 common shares beneficially owned directly and 2,609.3921 restricted stock units held in a deferred phantom stock account (RSDCP) that convert 1-for-1 to common stock when plan conditions are met.

The disclosure reflects routine director compensation deferral and holdings reporting rather than an open-market purchase or sale. The form identifies the reporting person as a director and notes the form was filed by one reporting person with a power of attorney attestation.

Positive

• Director deferred cash compensation into the PACCAR Restricted Stock and Deferred Compensation Plan, creating 217.4803 stock units.
• Clear disclosure of holdings: 1,154.2196 common shares directly owned and 2,609.3921 restricted stock units in the RSDCP.
• Deferrals convert 1-for-1 to PACCAR common stock upon plan termination or vesting conditions, per the filing explanation.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director compensation deferral converted to phantom stock units; no open-market trading or disposal reported.

The transaction shows a director electing to defer cash compensation into the company's non-employee director deferred compensation plan, resulting in 217.4803 stock units recorded at an attributed price of $97.71. The filing also discloses 1,154.2196 common shares held directly and 2,609.3921 restricted stock units in the RSDCP. This is a standard Section 16 reporting of compensation-related equity and does not indicate a purchase or sale in the market.

Corporate Governance Expert

TL;DR: Director aligned compensation via deferral into phantom stock; disclosure consistent with director compensation policies.

The filing documents use of the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, with deferred cash converted into phantom stock units and restricted stock units held subject to vesting. The reporting person is identified as a director and the ownership form for the reported units is direct. This disclosure fulfills Section 16 requirements for director equity-related transactions.

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).

1. Name and Address of Reporting Person^*

Pretti Luiz Antonio Dos Santos

(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)
10/01/2025

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

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)	10/01/2025		J(2)		217.4803		(1)	(1)	Common Stock	217.4803	$97.71	1,154.2196	D
Stock Units (RSDCP)	(3)							(3)	(3)	Common Stock	2,609.3921		2,609.3921	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	10/01/2025
	** 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 PACAR director Luiz Antonio Dos Santos report on Form 4 (PCAR)?

The report discloses a cash compensation deferral converted into 217.4803 stock units under PACCAR's non-employee director deferred compensation plan (RSDCP).

How many PACCAR shares does the reporting person beneficially own after the transaction?

The filing lists 1,154.2196 common shares beneficially owned directly and 2,609.3921 restricted stock units held in the RSDCP.

What is the meaning of transaction code J on this Form 4?

Transaction code J denotes a cash or other non-stock payment converted into equity under the company's deferred compensation plan, per the filing entries.

Are the restricted stock units convertible to PACCAR common stock?

Yes. The filing states RSDCP stock units are convertible on a 1-for-1 basis to PACCAR common stock upon termination of non-employee director status or satisfaction of vesting conditions.

Who signed or authorized the Form 4 filing?

The document shows the filing was submitted by one reporting person and indicates Michael R. Beers, by Power of Attorney, on the form.