[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Brice J. Poplawski, Sr. Vice President & CFO of PACCAR Inc (PCAR), reported insider transactions dated 09/04/2025. The filing shows a dividend reinvestment under the PACCAR Savings Investment Plan that resulted in an acquisition of 60.51 shares at $98.21 per share. The report lists 468 shares disposed of common stock. Following the reported transactions, the filing records 17,913.439 shares beneficially owned indirectly via the PACCAR Savings Investment Plan. The report also discloses outstanding equity awards: nonqualified stock options exercisable for a total of 23, (3,369 + 6,370 + 6,318 + 8,012) options with exercise prices ranging from $62.8667 to $109.13 and expirations from 02/07/2032 to 02/03/2035, plus 1,855 restricted stock units (LTIP) convertible one-for-one upon vesting.

Positive

• Dividend reinvestment indicates continued equity ownership via the PACCAR Savings Investment Plan
• Substantial indirect holdings remain (17,913.439 shares via SIP), showing ongoing alignment with shareholder interests
• Long-term incentive awards are disclosed (stock options and 1,855 LTIP units), reflecting retention-focused compensation

Negative

• Disposition of 468 shares was reported on the same filing
• Concentration in stock options exposes compensation value to share-price volatility

Insights

Financial Analyst

TL;DR: Routine insider activity; dividend reinvestment and a small sale with sizable outstanding options and LTIP units.

The Form 4 shows a dividend reinvestment acquisition of 60.51 shares at $98.21 and a separate reported disposition of 468 common shares. The reporting person remains significantly exposed to company equity through indirect ownership of 17,913.439 shares via the SIP and large option grants totaling 23, which mature across 2032–2035 with exercise prices from $62.8667 to $109.13. The filing reflects compensation-related holdings rather than a market-timing trade. From a financial perspective, the position and option schedule are notable for compensation and long-term alignment but do not, by themselves, indicate a material change to company control or capital structure.

Corporate Governance Expert

TL;DR: Disclosure aligns with expected officer reporting; shows compensation instruments and SIP activity.

The submission is consistent with Section 16 reporting for an executive officer. It documents dividend reinvestment into the SIP, a modest sale of common stock, and multiple outstanding stock option awards plus LTIP units held in deferred accounts. The filing includes a Power of Attorney signature and explanatory footnotes clarifying SIP reinvestment and LTIP conversion mechanics. There are no reported gifts, unusual derivative transactions, or plan-based 10b5-1 sales noted, so governance implications appear routine based on the disclosed items.

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^*

Poplawski Brice 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President & CFO

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
Common Stock	09/04/2025		J(1)		60.51	A	$98.21	17,913.439	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								468	D

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 Option	$62.8667							01/01/2025	02/07/2032	Common Stock	3,369		3,369	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	6,370		6,370	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	6,318		6,318	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	8,012		8,012	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	1,855		1,855	D

Explanation of Responses:

1. Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.

2. Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

	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.

FAQ

What transactions did PCAR officer Brice Poplawski report on 09/04/2025?

The Form 4 reports a dividend reinvestment acquiring 60.51 shares at $98.21 and a reported disposition of 468 common shares.

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

The filing shows 17,913.439 shares beneficially owned indirectly through the PACCAR Savings Investment Plan following the reported transactions.

What equity awards does the Form 4 disclose for the reporting person?

Disclosed awards include stock options exercisable for 3,369; 6,370; 6,318; and 8,012 shares with exercise prices from $62.8667 to $109.13, expiring 2032–2035, plus 1,855 LTIP restricted stock units.

Was the SIP dividend reinvestment explained in the filing?

Yes. The filing states the dividend on PACCAR SIP shares was reinvested pursuant to the SIP.

Does the Form 4 indicate any 10b5-1 plan or amendment?

No 10b5-1 plan or amendment is indicated in the disclosed content.