PACCAR (PCAR) director John Pigott updates large share and stock unit holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PACCAR INC director John Pigott reported updated holdings of common stock and stock units. Indirect holdings include 1,079,416 common shares held by a trust for children and 51,526 shares held by Grantor Retained Annuity Trusts, in addition to 2,283,953 common shares held directly.
Pigott also reported two "J"-code derivative transactions involving stock units at $114.38 per unit. One transaction covered 222.4313 stock units under the Restricted Stock and Deferred Compensation Plan for non-Employee Directors, bringing that balance to 72,912.9947 units. A second transaction covered 10.3224 stock units, bringing that stock unit balance to 3,383.6829 units.
Footnotes state these stock units are held in deferred phantom stock accounts under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-Employee Directors and are convertible into PACCAR common stock on a 1-for-1 basis upon termination of Pigott’s service or after vesting conditions are met. Some units represent dividends reinvested into additional stock or restricted stock units pursuant to the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pigott John
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units | 10.322 | $114.38 | $1K |
| Other | Stock Units (RSDCP) | 222.431 | $114.38 | $25K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Units — 3,383.683 shares (Direct, null);
Stock Units (RSDCP) — 72,912.995 shares (Direct, null);
Common Stock — 2,283,953 shares (Direct, null);
Common Stock — 51,526 shares (Indirect, By Grantor Retained Annuity Trusts)
Footnotes (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. 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. 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. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.
Key Figures
Direct common stock holding: 2,283,953 shares
Trust for children holding: 1,079,416 shares
Grantor Retained Annuity Trusts holding: 51,526 shares
+4 more
7 metrics
Direct common stock holding
2,283,953 shares
Total common shares held directly after transactions
Trust for children holding
1,079,416 shares
Indirect PACCAR common shares held by trust for children
Grantor Retained Annuity Trusts holding
51,526 shares
Indirect PACCAR common shares held by Grantor Retained Annuity Trusts
RSDCP stock unit transaction
222.4313 units at $114.38
J-code stock unit transaction under RSDCP, 1-for-1 to common stock
RSDCP stock units balance
72,912.9947 units
Stock units in RSDCP phantom stock account after transaction
Additional stock unit transaction
10.3224 units at $114.38
J-code stock unit transaction in another stock unit account
Other stock units balance
3,383.6829 units
Stock units balance in second account after transaction
Key Terms
Grantor Retained Annuity Trusts, Restricted stock units, Deferred Compensation Plan, phantom stock account, +1 more
5 terms
Grantor Retained Annuity Trusts financial
"nature_of_ownership: "By Grantor Retained Annuity Trusts""
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
Restricted stock units financial
"Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Deferred Compensation Plan financial
"PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
phantom stock account financial
"Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
non-Employee Directors financial
"Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
FAQ
What insider activity did PACCAR (PCAR) director John Pigott report?
John Pigott reported updated PACCAR holdings, including direct ownership of 2,283,953 common shares and additional indirect holdings via trusts. He also reported two small "J"-code stock unit transactions within a deferred compensation plan for non-employee directors, reflecting routine plan-related adjustments.
What are the PACCAR (PCAR) stock unit transactions reported in this Form 4?
Pigott reported two "J"-code transactions in stock units at $114.38 per unit. One involved 222.4313 stock units in the Restricted Stock and Deferred Compensation Plan, and another 10.3224 stock units, both tied to phantom stock accounts linked to PACCAR common stock.
How many PACCAR (PCAR) stock units does John Pigott now hold under the RSDCP?
After the reported transactions, Pigott holds 72,912.9947 stock units in one PACCAR Restricted Stock and Deferred Compensation Plan account and 3,383.6829 stock units in another. These stock units are deferred phantom shares designed to mirror PACCAR’s common stock performance for non-employee directors.