[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

John Pigott, a PACCAR (PCAR) director, reported transactions on 09/04/2025. The filing shows a large disposition of 2,283,953 shares of PACCAR common stock. After the reported transactions Pigott directly or indirectly beneficially owns 51,526 shares directly by Grantor Retained Annuity Trusts and 1,079,416 shares held in trusts for children. The report also lists movements in deferred compensation and restricted stock unit accounts: 2,354.5419 stock units (converted 1-for-1 to common stock) and 69,866.7065 restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan, with a reported transaction price reference of $98.21 per share on the derivative entries. The form was signed by Michael R. Beers by power of attorney on 09/05/2025.

Positive

• Retained indirect ownership: 51,526 shares held by Grantor Retained Annuity Trusts are reported as beneficially owned following the transaction
• Substantial trust holdings: 1,079,416 shares are held in trusts for children, explicitly disclosed
• Deferred compensation balances disclosed: 2,354.5419 stock units and 69,866.7065 restricted stock units are reported under the PACCAR RSDCP

Negative

• Large disposition: 2,283,953 shares of PACCAR common stock were disposed of on 09/04/2025 as reported
• Significant insider sale amount: The absolute size of the reported disposition is material in magnitude as presented in the filing

Insights

Securities Analyst

TL;DR: A director reported a very large share disposition; insider ownership still includes sizable trust and deferred-comp balances.

The report documents a 2,283,953-share disposition on 09/04/2025 by John Pigott, which is sizable in absolute terms. Despite the disposition, Pigott retains beneficial ownership via 51,526 shares held by Grantor Retained Annuity Trusts and 1,079,416 shares held in trusts for children. Additionally, the filing records 2,354.5419 stock units and 69,866.7065 restricted stock units in PACCAR's director deferred compensation plan, convertible to common stock on a 1-for-1 basis. All figures are reported exactly as stated in the Form 4.

Corporate Governance Expert

TL;DR: The filing shows typical director compensation vehicles and a large sale disclosed under Section 16.

Form 4 details both direct disposals and indirect holdings via trusts and the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors. The filing explicitly describes the nature of indirect ownership (Grantor Retained Annuity Trusts and trusts for children) and the deferred plan mechanics (1-for-1 conversion upon termination or vesting). The disclosure is consistent with Section 16 reporting requirements and includes a power-of-attorney signature dated 09/05/2025.

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
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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^*

Pigott John

(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
Common Stock								2,283,953	D
Common Stock								51,526	I	By Grantor Retained Annuity Trusts
Common Stock								1,079,416	I	By Trust held for Children

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	(1)	09/04/2025		J(2)		7.8851		(1)	(1)	Common Stock	7.8851	$98.21	2,354.5419	D
Stock Units (RSDCP)	(3)	09/04/2025		J(4)		233.9762		(3)	(3)	Common Stock	233.9762	$98.21	69,866.7065	D

Explanation of Responses:

1. 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 termination of the Reporting Person's status as a non-employee director.

2. Dividend on stock units held in phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) reinvested in additional stock units pursuant to RSDCP.

3. 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.

4. 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.

FAQ

What did John Pigott report in the PCAR Form 4 dated 09/04/2025?

The Form 4 reports a disposition of 2,283,953 PACCAR common shares on 09/04/2025 and shows remaining beneficial ownership via trusts and deferred-compensation accounts.

How many PACCAR shares does Pigott beneficially own after the reported transaction?

The filing shows 51,526 shares beneficially owned via Grantor Retained Annuity Trusts and 1,079,416 shares held in trusts for children.

What deferred compensation or restricted units are disclosed for PCAR director Pigott?

The Form 4 lists 2,354.5419 stock units and 69,866.7065 restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).

Was an execution or signature provided on the filing?

Yes. The form is signed by Michael R. Beers, by Power of Attorney with the signature date 09/05/2025 as shown.

Is a per-share price shown in the Form 4 entries?

Yes. The derivative entries reference a price of $98.21 per share in the table rows presented.