PACCAR Inc (PCAR) director reports changes in deferred stock units
Rhea-AI Filing Summary
PACCAR Inc director John Pigott reported routine changes in his equity holdings related to the company’s deferred compensation plans. On January 7, 2026, dividends on his existing stock unit positions were reinvested into additional units under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP), rather than through any open-market trades.
One transaction added 33.0389 stock units, bringing that stock unit balance to 3,067.7638 units. A separate dividend-related entry added 850.9174 restricted stock units, increasing his restricted stock unit balance to 72,499.0434 units, each ultimately convertible into PACCAR common stock on a 1-for-1 basis under the plan’s terms. Following these updates, Pigott also reports 2,283,953 PACCAR common shares held directly, plus 51,526 shares held indirectly through grantor retained annuity trusts and 1,079,416 shares held indirectly through a trust for children.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units | 33.039 | $115.30 | $4K |
| Other | Stock Units (RSDCP) | 850.917 | $115.30 | $98K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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.
FAQ
What does PACCAR (PCAR) director John Pigott report in this Form 4?
The Form 4 shows that director John Pigott recorded routine adjustments to his deferred stock-based compensation on January 7, 2026. These changes reflect dividends being reinvested into additional stock units and restricted stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP), rather than open-market buying or selling of common shares.
How many new PACCAR stock units did John Pigott receive through dividend reinvestment?
On January 7, 2026, one transaction credited 33.0389 stock units in Pigott’s deferred phantom stock account under the RSDCP. This brought his balance in that specific stock unit line to 3,067.7638 units, each tied on a 1-for-1 basis to PACCAR common stock upon the end of his service as a non-employee director.
What happened to John Pigott’s restricted stock units in this PACCAR filing?
The filing shows a separate dividend-related transaction involving Stock Units (RSDCP). A dividend on existing restricted stock units was reinvested, adding 850.9174 restricted stock units. After this, Pigott’s balance in these restricted stock units reached 72,499.0434 units, which the plan states are convertible into PACCAR common stock on a 1-for-1 basis once all vesting conditions are satisfied.
What is the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) mentioned in the filing?
The RSDCP is PACCAR’s Restricted Stock and Deferred Compensation Plan for non-Employee Directors. Under this plan, stock units and restricted stock units are held in a deferred phantom stock account. The filing notes that these units are generally convertible into PACCAR common stock on a 1-for-1 basis, either upon a director’s termination of service or once vesting conditions are met, and dividends on these units can be reinvested into additional units.
Does this PACCAR Form 4 indicate open-market buying or selling by John Pigott?
The Form 4 uses transaction code "J" for both derivative transactions, which are described in the footnotes as dividends on stock units and restricted stock units reinvested into additional units under the RSDCP. The report does not show any open-market purchases or sales of PACCAR common stock; instead, it reflects plan-based dividend reinvestments and updated balances in Pigott’s deferred compensation accounts.