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Paccar (PCAR) Form 4: RSDCP Stock-Unit Activity and 13,015-Share Sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Paccar Inc. director Pierre R. Breber reported transactions on 09/04/2025 showing a reported disposition of 13,015 shares of PACCAR common stock and related adjustments in deferred stock-unit accounts under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP). The filing lists stock-unit entries showing underlying common-stock equivalents of 2,113.5881 and 2,556.969 shares tied to phantom stock and restricted stock units, with a reported price of $98.21 on the transactions. The form is signed by Michael R. Beers by power of attorney and documents dividend reinvestment and conversion features of the RSDCP.

Positive

  • Timely disclosure of director transactions under Section 16
  • Detailed explanations of RSDCP mechanics and dividend reinvestment
  • Transaction price of $98.21 provided for transparency

Negative

  • Director disposition of 13,015 shares reported on 09/04/2025 which reduces insider holdings
  • Form does not state whether the disposition reflects personal liquidity needs or other intent

Insights

TL;DR: Routine insider disclosure showing a director sale and deferred compensation account activity; no forward-looking guidance provided.

The Form 4 discloses a reported disposition of 13,015 PACCAR shares by director Pierre R. Breber on 09/04/2025 and parallel entries in deferred stock-unit accounts under the company's RSDCP. The filing records dividend reinvestment activity and restricted stock units convertible 1-for-1 to common stock upon vesting or upon termination of non-employee director status. The presence of a specific transaction price of $98.21 is noted but the form does not state intent or provide context about ongoing ownership percentages or aggregate holdings beyond the listed post-transaction unit figures.

TL;DR: Disclosure aligns with standard Section 16 reporting for director compensation and sales; appears procedural and transparent.

The report documents compensation-related stock-unit activity and a share disposition by a director, with explanatory notes describing phantom stock and RSU conversion mechanics under the RSDCP and dividend reinvestment. The filing includes a power-of-attorney signature, indicating authorized preparation. The document provides required transparency on insider transactions but contains no statements about corporate governance changes or policy shifts.

Insider Breber Pierre R
Role Director
Type Security Shares Price Value
Other Stock Units 7.078 $98.21 $695.15
Other Stock Units (RSDCP) 8.563 $98.21 $840.97
holding Common Stock -- -- --
Holdings After Transaction: Stock Units — 2,113.588 shares (Direct); Stock Units (RSDCP) — 2,556.969 shares (Direct); Common Stock — 13,015 shares (Direct)
Footnotes (1)
  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.
Form 4 Insider Transactions: What Each Field Means →
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*
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)
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 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) 09/04/2025 J(2) 7.0782 (1) (1) Common Stock 7.0782 $98.21 2,113.5881 D
Stock Units (RSDCP) (3) 09/04/2025 J(4) 8.563 (3) (3) Common Stock 8.563 $98.21 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. 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.
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.
4. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Pierre R. Breber report selling on Form 4 for PCAR?

The Form 4 reports a disposition of 13,015 shares of PACCAR common stock on 09/04/2025.

At what price were the PCAR shares reported on the Form 4?

The filing lists a transaction price of $98.21 associated with the reported transactions.

What are the stock units shown in the PCAR Form 4?

The Form 4 shows stock units and restricted stock units held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP), convertible 1-for-1 to common stock upon vesting or termination as described in the form.

Who filed or signed the PCAR Form 4?

The Form 4 is executed by Michael R. Beers, by Power of Attorney on 09/05/2025 for the reporting person.

Does the PCAR Form 4 explain dividend treatment for the stock units?

Yes. The filing states dividends on both phantom stock units and restricted stock units are reinvested in additional units pursuant to the RSDCP.