[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Laura J. Bloch, a Senior Vice President and officer of PACCAR Inc. (PCAR), reported transactions on 09/04/2025. A dividend reinvestment under the PACCAR Savings Investment Plan (SIP) resulted in an acquisition of 7.771 shares at a price shown as $98.21, increasing indirect holdings via the SIP to 2,300.556 shares. The report also shows a disposition of 4,475 common shares. Bloch holds multiple stock options exercisable between 2024 and 2028 covering 46,180 underlying shares in total across listed option grants and 4,461 LTIP stock units that convert one-for-one to common stock upon vesting.

Positive

• Dividend reinvestment under the PACCAR SIP increased indirect holdings to 2,300.556 shares.
• Substantial long-term incentive positions remain: 46,180 underlying shares from listed stock options and 4,461 LTIP stock units convertible on a one-for-one basis.

Negative

• Disposition of 4,475 common shares was reported, reducing the reporting person's holdings.
• No economic rationale for the disposition is provided within the filing (transaction noted without explanation).

Insights

Financial Analyst

TL;DR: Routine insider activity dominated by SIP dividend reinvestment, a modest share sale, and substantial outstanding option grants.

The Form 4 discloses a small dividend-driven purchase of 7.771 shares and a reported disposal of 4,475 shares, while the officer retains sizable option positions and LTIP units. The stock options span exercise prices from $61.26 to $109.13 with exercisability beginning in 2024 and expirations through 2035, representing multi-year potential equity dilution but typical executive compensation structure. Overall, these are non-material to PCAR's market capitalization by themselves and appear to be routine holdings and plan activity explicitly documented in the filing.

Corporate Governance Expert

TL;DR: Disclosure is consistent with Section 16 reporting; transactions appear to reflect plan mechanics and routine disposals.

The filing clearly identifies the reporting person, relationship to issuer, and the nature of indirect ownership via the PACCAR SIP and LTIP. The explanation notes dividend reinvestment and LTIP deferred phantom stock conversion conditions, which aligns with standard corporate equity plans. The presence of multiple option vintages and deferred units should be monitored for future vesting and potential insider exercise disclosures, but the current filing documents routine plan-driven activity without governance anomalies.

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^*

Bloch Laura 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)
	Senior 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)		7.771	A	$98.21	2,300.556	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								4,475	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	$61.26							01/01/2024	02/02/2031	Common Stock	6,588		6,588	D
Stock Option	$62.8667							01/01/2025	02/07/2032	Common Stock	8,832		8,832	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	9,668		9,668	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	7,504		7,504	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	13,588		13,588	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	4,461		4,461	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 Laura J. Bloch report on Form 4 for PCAR?

The Form 4 reports a dividend reinvestment purchase of 7.771 shares at $98.21 under the PACCAR SIP and a disposition of 4,475 common shares, both dated 09/04/2025.

How many PACCAR shares does Bloch beneficially own after the reported transactions?

The filing shows 2,300.556 indirect shares held via the PACCAR Savings Investment Plan following the reported dividend reinvestment.

What outstanding equity awards does the Form 4 disclose for Bloch at PCAR?

The filing lists stock options exercisable between 01/01/2024 and 01/01/2028 (expirations 2031–2035) totaling 46,180 underlying shares across grants, plus 4,461 LTIP stock units convertible to common stock upon vesting.

Does the Form 4 explain why 4,475 shares were disposed?

No. The filing records the disposition of 4,475 shares but does not provide a reason or price for that disposal in the reported content.

Is this Form 4 filing material or routine for investors in PCAR?

The filing documents routine insider plan activity (dividend reinvestment and compensation awards) and a share disposition. The experts rated the impact as neutral in this filing, indicating no single material change to company fundamentals disclosed here.