PCAR Form 4: Director Hachigian Acquires 248.764 RSUs at $98.21

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.

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

Financial Analyst

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.

Corporate Governance Expert

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

Other: 248.764 shares

Other 1 txn

Insider HACHIGIAN KIRK S

Role Director

Type	Security	Shares	Price	Value
Other	Stock Units (RSDCP)	248.764	$98.21	$24K

Holdings After Transaction: Stock Units (RSDCP) — 74,282.4248 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.

FAQ

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What did PACCAR director Kirk S. Hachigian report on Form 4 (PCAR)?

The filing reports an acquisition of 248.764 restricted stock units on 09/04/2025 under PACCAR's RSDCP, recorded at $98.21 per share equivalent.

How many PACCAR shares does Kirk S. Hachigian beneficially own after the transaction?

The Form 4 shows 74,282.4248 shares beneficially owned following the reported transaction, reported as a direct holding.

Are the reported units convertible to PACCAR common stock?

Yes. The restricted stock units are held in a deferred phantom stock account and are convertible 1-for-1 to PACCAR common stock upon satisfaction of applicable vesting conditions.

Did the transaction involve a cash purchase or a sale of PACCAR stock?

No. The Form 4 describes restricted stock units and a dividend reinvestment; it does not disclose any cash purchase or sale of shares.

Who signed the Form 4 for Kirk S. Hachigian?

The Form 4 was signed by Michael R. Beers, by Power of Attorney, dated 09/05/2025.

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

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Accepted by SEC EDGAR 09/05/2025 - 07:27 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^*

HACHIGIAN KIRK S

(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)
09/04/2025

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 (RSDCP)	(1)	09/04/2025		J(2)		248.764		(1)	(1)	Common Stock	248.764	$98.21	74,282.4248	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	09/05/2025
	** 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.