[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Michael C. Dozier, Executive Vice President of PACCAR Inc (PCAR). The filing shows a non-derivative acquisition of 67.084 shares of PACCAR common stock on 09/04/2025 at a price of $98.21, which the filer explains was a dividend reinvestment under the PACCAR Savings Investment Plan (SIP). Following the reported transaction the filing lists 19,859.676 shares as indirectly owned through the SIP and 30,257 shares as directly owned.

The Form 4 also discloses outstanding equity awards: stock options exercisable into common shares with exercise prices of $61.26, $62.8667, $71.95, $104.16, and $109.13 covering 20,682; 19,494; 38,900; 28,610; and 25,460 shares respectively, and 11,669 LTIP stock units held in a deferred phantom account.

Positive

• Dividend reinvestment disclosed indicating transparent reporting of routine SIP activity
• Comprehensive disclosure of outstanding equity awards including exercise prices and share counts for modeling dilution
• LTIP units quantified (11,669), clarifying deferred compensation exposure

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine dividend reinvestment and standard executive equity holdings; no material change to control or outstanding share count.

The Form 4 records a small automatic acquisition of 67.084 shares via SIP reinvestment at $98.21, which is a common administrative transaction that does not indicate voluntary open-market purchasing by the executive. The filing provides a clear schedule of outstanding option positions and LTIP units, useful for modeling potential dilution from exercised options or future vesting. None of the transactions reported are large enough on their face to be materially dilutive or to indicate a change in insider control.

Corporate Governance Expert

TL;DR: Disclosure is complete for required items and shows routine insider activity consistent with compensation and SIP mechanics.

The report properly discloses indirect SIP holdings and the origin of the 67.084-share acquisition as a dividend reinvestment, and it itemizes outstanding option tranches with exercise prices and share counts. The presence of deferred LTIP units convertible one-for-one upon vesting is disclosed. There are no indications of unusual related-party transactions or governance concerns based on the content provided.

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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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^*

DOZIER C MICHAEL

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EXECUTIVE VICE PRESIDENT

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	09/04/2025		J(1)		67.084	A	$98.21	19,859.676	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								30,257	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 Option	$61.26							01/01/2024	02/02/2031	Common Stock	20,682		20,682	D
Stock Option	$62.8667							01/01/2025	02/07/2032	Common Stock	19,494		19,494	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	38,900		38,900	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	28,610		28,610	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	25,460		25,460	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	11,669		11,669	D

Explanation of Responses:

1. Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.

2. Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

	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.
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FAQ

What transaction did Michael C. Dozier report on the Form 4 for PCAR?

The Form 4 reports the acquisition of 67.084 shares of PACCAR common stock on 09/04/2025 at a price of $98.21, identified as a dividend reinvestment under the PACCAR SIP.

How many PACCAR shares does Dozier beneficially own after the reported transaction?

The filing lists 19,859.676 shares as indirectly owned through the PACCAR Savings Investment Plan and 30,257 shares as directly owned following the reported transaction.

What stock options does the Form 4 disclose for Dozier?

The filing discloses stock options exercisable into 20,682; 19,494; 38,900; 28,610; and 25,460 shares with exercise prices of $61.26; $62.8667; $71.95; $104.16; and $109.13 respectively and applicable exercisable and expiration dates.

What are the LTIP holdings reported by Dozier?

Dozier holds 11,669 restricted stock units in a deferred phantom stock account under the Long Term Incentive Plan, convertible one-for-one into common stock upon vesting.

Does the Form 4 indicate any sale or disposition of PACCAR shares by Dozier?

No. The Form 4 shows an acquisition of 67.084 shares via SIP reinvestment and lists existing direct and indirect holdings; it does not report any dispositions.