[Form 4] PACCAR INC Insider Trading Activity

Rhea-AI Filing Summary

Breber Pierre R, a director of PACCAR Inc. (PCAR), reported transactions dated 10/01/2025 on SEC Form 4. The filing shows a disposition of 13,015 shares of PACCAR common stock (non-derivative). The report also itemizes derivative holdings recorded as stock units: 473.3395 stock units associated with deferred cash compensation (transaction code J) priced at $97.71, and 2,556.969 restricted stock units held in the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors (RSDCP). The RSDCP units convert 1-for-1 into common stock upon termination of non-employee director status or upon satisfaction of applicable vesting conditions, per the form's explanations.

Positive

• Timely disclosure of insider transactions in compliance with Section 16 reporting requirements
• Clear documentation of deferred compensation and restricted stock units that specify 1-for-1 conversion terms

Negative

• Disposition of 13,015 shares reduces this director's direct common stock holdings
• Form lacks context on reason for disposition (e.g., sale, gift, taxes) which limits interpretation

Insights

Corporate Governance Expert

TL;DR: Routine director Form 4 showing a share disposition and continued deferred compensation holdings; disclosure aligns with standard director reporting.

The Form 4 discloses a non-derivative sale or other disposition of 13,015 PACCAR shares by director Breber Pierre R on 10/01/2025. It also documents deferred compensation and restricted stock unit balances under the company's RSDCP that remain convertible to common stock on a 1-for-1 basis under specified conditions. This filing is a governance-level disclosure; it does not by itself indicate changes to board composition, compensation structure, or corporate control. The information is relevant for monitoring insider activity and director alignment with shareholder interests.

Securities Analyst

TL;DR: Insiders reported a defined share disposition and ongoing deferred share unit holdings; impact on outstanding float is likely immaterial.

The report lists a 13,015-share disposition and shows derivative-related entries: 473.3395 stock units tied to deferred cash compensation (transaction code J) at a reported price of $97.71, plus 2,556.969 restricted stock units in the RSDCP. These entries clarify the composition of the director's economic exposure to PCAR through both immediate holdings and deferred units convertible to common stock. Without additional context on company-wide insider activity or share counts, this single Form 4 appears routine and informational.

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).

1. Name and Address of Reporting Person^*

Breber Pierre R

(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)
10/01/2025

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								13,015	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 Units	(1)	10/01/2025		J(2)		473.3395		(1)	(1)	Common Stock	473.3395	$97.71	2,586.9276	D
Stock Units (RSDCP)	(3)							(3)	(3)	Common Stock	2,556.969		2,556.969	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. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (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.

	Michael R. Beers, by Power of Attorney	10/01/2025
	** 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 PACAR director Breber Pierre R report on Form 4 (PCAR)?

The Form 4 reports a disposition of 13,015 shares of PACCAR common stock and derivative entries showing 473.3395 stock units (deferred cash compensation) and 2,556.969 restricted stock units in the RSDCP.

When were the reported transactions for PCAR filed by Breber Pierre R?

The transactions listed on the Form 4 are dated 10/01/2025.

What is the PACCAR RSDCP referenced in the Form 4?

The RSDCP is PACCAR's Restricted Stock and Deferred Compensation Plan for non-employee directors; units held there are convertible 1-for-1 into common stock upon termination of non-employee director status or upon satisfaction of vesting conditions.

What price is shown for the derivative stock units on the Form 4?

The Form 4 shows a price of $97.71 associated with the 473.3395 stock units tied to deferred cash compensation.

Does the Form 4 indicate any change in director status for Breber Pierre R?

No. The filing identifies Breber Pierre R as a director and does not indicate any change in his director status.