PACCAR (PCAR) director logs 255 RSDCP stock units from dividend

Rhea-AI Filing Summary

PACCAR Inc director Alison J. Carnwath reported a routine update to her deferred equity holdings. On January 7, 2026, she acquired 255.718 Stock Units (RSDCP) coded as transaction type "J," which the footnotes describe as a dividend on existing restricted stock units reinvested into additional units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors. These stock units are convertible into PACCAR common stock on a 1-for-1 basis after vesting conditions are met. Following this transaction, she beneficially holds 22,884.9212 RSDCP stock units, all reported as directly owned derivative securities, with no common stock sales or open-market purchases disclosed.

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

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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^*

CARNWATH ALISON 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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)	01/07/2026		J(2)		255.718		(1)	(1)	Common Stock	255.718	$115.3	22,884.9212	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	01/08/2026
	** 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 transaction did PACCAR (PCAR) disclose in this Form 4?

The filing reports that director Alison J. Carnwath received 255.718 Stock Units (RSDCP) on January 7, 2026, recorded as transaction code "J" and described as a dividend on existing restricted stock units reinvested into additional units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors.

Did the PACCAR director buy or sell common stock in the open market?

No open-market purchases or sales of PACCAR common stock are shown. The reported activity involves derivative Stock Units (RSDCP) credited as a dividend reinvestment within the company’s deferred compensation and restricted stock plan for non-employee directors.

How many PACCAR RSDCP stock units does Alison J. Carnwath hold after the transaction?

After the reported transaction, Alison J. Carnwath beneficially owns 22,884.9212 Stock Units (RSDCP), according to the Form 4. These are reported in Table II as derivative securities held directly.

What is the nature of the PACCAR Stock Units (RSDCP) reported in this Form 4?

The Stock Units (RSDCP) are restricted stock units held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors. The footnotes state they are convertible into PACCAR common stock on a 1-for-1 basis once all applicable vesting conditions are satisfied.

What does transaction code "J" mean in this PACCAR Form 4 filing?

In this filing, transaction code "J" is used for a dividend on restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) that was reinvested into additional restricted stock units, as explained in the second footnote.

At what price were the additional PACCAR stock units credited to the director?

The 255.718 Stock Units (RSDCP) were credited at a price of $115.3 per unit, as shown in Table II of the Form 4, which is used to calculate the number of units received through the dividend reinvestment.