[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Kevin D. Baney, an executive of PACCAR Inc. (PCAR), reported a non-derivative acquisition on 09/04/2025 when 19.561 shares of PACCAR common stock were acquired at a price of $98.21 per share through dividend reinvestment in the PACCAR Savings Investment Plan (SIP). The filing shows 5,790.598 shares held indirectly via the SIP after the transaction and 10,292 shares held directly. The Form 4 also lists outstanding stock options exercisable into common shares (ranging from $50.7867 to $109.13 strike prices) and 6,442 restricted stock units under the Long Term Incentive Plan (LTIP) convertible one-for-one upon vesting.

Positive

• Dividend reinvestment purchase of 19.561 shares at $98.21 shows continued ownership alignment with shareholders
• Substantial holdings confirmed: 5,790.598 shares indirectly via SIP plus 10,292 shares directly
• Long-term incentives present: multiple stock option grants and 6,442 LTIP restricted stock units indicate alignment with long-term performance

Negative

• None.

Insights

Securities Analyst

TL;DR Insider reinvested dividends and continues to hold significant equity and option positions, a neutral routine disclosure.

The Form 4 documents a small SIP dividend reinvestment acquisition of 19.561 shares at $98.21 and reconfirms the reporting person’s holdings: 5,790.598 shares indirectly via the SIP and 10,292 shares directly. The filing also details multiple outstanding stock options across vintages and 6,442 LTIP restricted stock units convertible on vesting. This is a routine Section 16 disclosure reflecting compensation and SIP activity rather than an opportunistic market trade.

Corporate Governance Expert

TL;DR Filing shows standard executive compensation and plan activity; no governance red flags disclosed.

The report is limited to a dividend reinvestment purchase and the schedule of existing option and LTIP holdings. There are no indications of sales, unusual transfers, or transactions under Rule 10b5-1 plans in the provided content. The presence of deferred LTIP units and multi-year option grants is consistent with long-term incentive structures disclosed by issuers.

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^*

BANEY KEVIN D

(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)
	Executive Vice President

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)		19.561	A	$98.21	5,790.598	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								10,292	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	$50.7867							01/01/2023	02/04/2030	Common Stock	9,672		9,672	D
Stock Option	$61.26							01/01/2024	02/02/2031	Common Stock	11,118		11,118	D
Stock Option	$62.8667							01/01/2025	02/07/2032	Common Stock	11,547		11,547	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	10,806		10,806	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	12,742		12,742	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	23,502		23,502	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	6,442		6,442	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 transaction did Kevin D. Baney report on Form 4 for PCAR?

The Form 4 reports a dividend reinvestment acquisition of 19.561 shares on 09/04/2025 at $98.21 per share via the PACCAR Savings Investment Plan (SIP).

How many PACCAR shares does the filing show Kevin Baney owns after the reported transaction?

The filing shows 5,790.598 shares indirectly held via the SIP after the transaction and 10,292 shares held directly.

Does the Form 4 disclose any stock options or restricted units for Kevin Baney?

Yes. The filing lists multiple stock options (strikes from $50.7867 to $109.13) exercisable across 2023–2028 grant vintages and 6,442 LTIP restricted stock units convertible one-for-one upon vesting.

Was the reported transaction part of a Rule 10b5-1 plan or an amendment?

The provided content does not indicate the transaction was made pursuant to a Rule 10b5-1 plan, nor does it show this Form 4 is an amendment.

Who signed the Form 4 on behalf of the reporting person?

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