[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Feight R. Preston, identified as a Director and the company's Chief Executive Officer, reported insider transactions for PACCAR Inc. (PCAR) with the earliest transaction dated 09/04/2025. The filing shows a dividend reinvestment adding 58.074 shares at $98.21 into the PACCAR Savings Investment Plan (SIP), resulting in 17,192.101 shares beneficially owned indirectly via the SIP. The report also discloses a disposition of 223,190 common shares. Outstanding derivative holdings comprise multiple stock option tranches exercisable from 2025 to 2028 totaling 491,415 options and 65,305 long-term incentive stock units convertible one-for-one to common stock. The form is signed by a power of attorney on 09/05/2025.

Positive

• Full disclosure of dividend reinvestment into the PACCAR Savings Investment Plan, with exact share amount and price
• Detailed listing of outstanding stock options and LTIP units including exercise prices and exercisable dates

Negative

• Reported disposition of 223,190 common shares, a large sale that materially changes reported holdings

Insights

Financial Analyst

TL;DR: CEO reported a dividend reinvestment and a large share disposition; substantial outstanding options and LTIP units remain.

The filing documents a routine dividend reinvestment of 58.074 shares at $98.21 into the PACCAR Savings Investment Plan, increasing indirect SIP holdings to 17,192.101 shares. Simultaneously, the report shows a reported disposition of 223,190 common shares on the same filing, which represents a meaningful change in the reporting person's direct holdings. Material outstanding equity incentives include option tranches exercisable 2025–2028 totaling 491,415 options and 65,305 LTIP units convertible to common stock on a one-for-one basis upon vesting. For valuation and dilution analysis, investors should note the exercise prices listed and the aggregate option counts when assessing potential future share issuance.

Corporate Governance Expert

TL;DR: Disclosure is complete for Section 16 reporting: trade, dividend reinvestment, and long-term incentive holdings are itemized.

The Form 4 provides required transparency on insider activity by the CEO and director. It specifies the nature of indirect ownership via the SIP and explains LTIP restricted stock units held in a deferred phantom stock account convertible to common shares upon vesting. The presence of a power of attorney signature is noted. The reported disposition of 223,190 shares should be cross-referenced with prior filings to understand whether it reflects planned diversification, tax-related sales, or other governance matters; the form itself does not state the reason.

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^*

FEIGHT R PRESTON

(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
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

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)		58.074	A	$98.21	17,192.101	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								223,190	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	51,165		51,165	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	141,038		141,038	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	104,244		104,244	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	92,768		92,768	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	65,305		65,305	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 insider is filing this Form 4 for PCAR?

The filing is by Feight R. Preston, identified as a Director and Chief Executive Officer of PACCAR Inc.

When did the reported transactions occur?

The earliest transaction date listed is 09/04/2025 and the form is signed by power of attorney on 09/05/2025.

How many shares were added via dividend reinvestment and at what price?

A dividend was reinvested for 58.074 shares at a price of $98.21 into the PACCAR Savings Investment Plan.

How many shares were disposed of by the reporting person?

The report discloses a disposition of 223,190 common shares.

What equity incentives does the CEO hold according to this filing?

The CEO holds stock options exercisable from 01/01/2025 through 01/01/2028 totaling 491,415 options across four tranches and 65,305 LTIP stock units convertible one-for-one to common stock upon vesting.