PACCAR director adds dividend stock units at $122
PACCAR director John Pigott added dividend-reinvested deferred stock units while maintaining large direct and trust-held common stock positions.
Rhea-AI Filing Summary
PACCAR INC (PCAR) director John Pigott reported acquisitions of deferred equity units tied to PACCAR common stock. On September 2, 2026, dividends were reinvested into 10.5243 stock units and 208.9540 restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, at a reported reference value of $122.13 per unit. These phantom units are convertible into common stock on a 1-for-1 basis upon termination as a non-employee director or after vesting. Following these transactions, Pigott reports direct ownership of 2,283,953 PACCAR common shares, plus indirect holdings of 51,526 shares through Grantor Retained Annuity Trusts and 1,079,416 shares through a trust for children, as well as 3,682.8908 stock units and 73,121.9487 restricted stock units in the deferred accounts.
Positive
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Insider Trade Summary
Other: 219.4783 shares
Other
5 txns
Insider
Pigott John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units F1, F2 | 10.5243 | $122.13 | $1K |
| Other | Stock Units (RSDCP) F3, F4 | 208.954 | $122.13 | $26K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Units — 3,682.8908 contracts (Direct);
Stock Units (RSDCP) — 73,121.9487 contracts (Direct);
Common Stock — 2,283,953 shares (Direct);
Common Stock — 51,526 shares (Indirect, By Grantor Retained Annuity Trusts);
Common Stock — 1,079,416 shares (Indirect, By Trust held for Children)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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
Stock units acquired: 10.5243 units
Restricted stock units acquired: 208.9540 units
Reference value per unit: $122.13 per unit
+5 more
8 metrics
Stock units acquired
10.5243 units
Dividend reinvestment stock units on September 2, 2026
Restricted stock units acquired
208.9540 units
Dividend reinvestment restricted stock units on September 2, 2026
Reference value per unit
$122.13 per unit
Reported transaction value for September 2, 2026 stock unit entries
Direct common stock holdings
2,283,953 shares
Common Stock directly owned after the reported transactions
Indirect GRAT holdings
51,526 shares
Common Stock held indirectly by Grantor Retained Annuity Trusts
Indirect children’s trust holdings
1,079,416 shares
Common Stock held indirectly by Trust held for Children
Deferred stock units balance
3,682.8908 units
Stock units balance after the 10.5243-unit acquisition
Deferred restricted stock units balance
73,121.9487 units
Restricted stock units balance after the 208.9540-unit acquisition
Key Terms
phantom stock, Restricted Stock and Deferred Compensation Plan, Grantor Retained Annuity Trusts, non-employee director, +1 more
5 terms
phantom stock financial
"Stock units held in deferred phantom stock account under PACCAR Restricted Stock"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Restricted Stock and Deferred Compensation Plan financial
"under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors"
Grantor Retained Annuity Trusts financial
"Common Stock indirectly owned: 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.
non-employee director regulatory
"upon termination of the Reporting Person's status as a non-employee director"
restricted stock units financial
"Restricted stock units held in deferred phantom stock account under PACCAR"
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.
FAQ
What did PACCAR (PCAR) director John Pigott report on this Form 4?
He reported dividend reinvestment acquisitions of 10.5243 stock units and 208.9540 restricted stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors on September 2, 2026.
What indirect PACCAR (PCAR) holdings does John Pigott report?
He reports indirect ownership of 51,526 PACCAR common shares held by Grantor Retained Annuity Trusts and 1,079,416 shares held by a trust for children, in addition to his direct holdings.
What are the terms of the PACCAR deferred stock units and restricted stock units reported for PCAR?
The filing states these stock units and restricted stock units are phantom stock in a deferred account under the PACCAR Restricted Stock and Deferred Compensation Plan, convertible to PACCAR common stock on a 1-for-1 basis upon termination as a non-employee director or after vesting.
At what value were the new PACCAR (PCAR) stock units recorded in this filing?
Both the stock units and restricted stock units were recorded with a reported reference value of $122.13 per unit for the September 2, 2026 dividend reinvestment transactions.
Were John Pigott’s PACCAR (PCAR) transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, and no footnote states that these transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
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