PACCAR (PCAR) Director Adds 248.764 Deferred RSUs via RSDCP
Rhea-AI Filing Summary
Kirk S. Hachigian, a PACCAR director, acquired 248.764 restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) on 09/04/2025 at a reported price of $98.21 per share equivalent. The units are held in a deferred phantom stock account and convert to PACCAR common stock on a 1-for-1 basis when vesting conditions are met. After the reported transaction the filing shows 74,282.4248 shares beneficially owned by Mr. Hachigian as a direct holding. The filing notes the additional units reflect a dividend reinvestment under the RSDCP. The Form 4 was executed by Michael R. Beers by power of attorney on 09/05/2025.
Positive
- Acquisition of 248.764 restricted stock units under the RSDCP, increasing director alignment with shareholders
- Dividend reinvestment into additional restricted stock units, which increases deferred ownership without a cash transaction
Negative
- None.
Insights
TL;DR: Routine director holding increase via plan; no new cash sale or unusual disposition reported.
The filing documents an acquisition of 248.764 restricted stock units under PACCAR's deferred compensation plan, recorded at $98.21 per share equivalent. These units are phantom/deferred stock units that convert 1-for-1 to common shares upon satisfaction of vesting conditions, and the transaction includes dividend reinvestment into additional units. From a financial perspective, this is a governance-aligned retention mechanism rather than an immediate equity issuance or secondary market trade; the reported post-transaction beneficial ownership is 74,282.4248 shares direct. No cash purchase, option exercise, or sale activity is disclosed in this Form 4.
TL;DR: Typical director compensation deferral and dividend reinvestment, signaling award retention under the company plan.
The disclosure shows restricted stock units held in PACCAR's RSDCP for non-employee directors, with dividend reinvestment noted. This is consistent with standard director compensation practices that defer equity and reinvest dividends to grow deferred holdings. The conversion is 1-for-1 upon vesting, indicating these units are economically tied to common stock but remain subject to plan vesting conditions. The Form 4 was signed by a power of attorney, which is a routine filing procedural detail.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units (RSDCP) | 248.764 | $98.21 | $24K |
Footnotes (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. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.
