PACCAR director updates deferred stock unit holdings
PACCAR director John Pigott reported administrative changes in his deferred stock holdings.
Rhea-AI Filing Summary
PACCAR director John Pigott reported administrative changes in his deferred stock holdings. On stock units, a dividend of 8.1041 units and on RSDCP stock units, a dividend of 191.5200 units was reinvested at $124.9200 per unit, increasing his deferred balances.
These phantom stock and restricted stock units are held under PACCAR’s Restricted Stock and Deferred Compensation Plan for non‑employee directors and are generally convertible into PACCAR common stock on a 1‑for‑1 basis upon termination of board service or after vesting. Pigott now holds 3,075.8679 stock units and 72,690.5634 RSDCP stock units, alongside direct and indirect common stock holdings.
Positive
- None.
Negative
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Insider Trade Summary
Other: 199.6241 shares
Other
5 txns
Insider
Pigott John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Stock Units | 8.1041 | $124.92 | $1K |
| Other | Stock Units (RSDCP) | 191.52 | $124.92 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Units — 3,075.8679 contracts (Direct);
Stock Units (RSDCP) — 72,690.5634 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did PACCAR (PCAR) director John Pigott report?
John Pigott reported dividend reinvestments into PACCAR deferred stock units. Dividends on existing stock units and RSDCP stock units were converted into 8.1041 and 191.5200 additional units, respectively, increasing his deferred phantom stock and restricted stock unit balances under the non‑employee director compensation plan.
How many PACCAR stock units does John Pigott hold after this Form 4?
After these transactions, John Pigott holds 3,075.8679 stock units. These are separate from his RSDCP stock units and represent deferred phantom stock that is convertible into PACCAR common stock on a 1‑for‑1 basis when his non‑employee director service ends, according to the plan terms.
What are PACCAR RSDCP stock units reported by John Pigott?
RSDCP stock units are deferred phantom and restricted stock units for non‑employee directors. Pigott’s dividends were reinvested into 191.5200 additional RSDCP units, bringing his total to 72,690.5634 units, which are generally convertible into PACCAR common stock on a 1‑for‑1 basis after vesting conditions are met.
How much PACCAR common stock does John Pigott hold directly and indirectly?
John Pigott directly holds 2,283,953 PACCAR common shares. Indirectly, 51,526 shares are held by Grantor Retained Annuity Trusts and 1,079,416 shares by a trust for children, reflecting substantial ownership positions in addition to his deferred and restricted stock units under PACCAR’s director plan.
What does transaction code J mean in John Pigott’s PACCAR Form 4?
Transaction code J indicates an “other acquisition or disposition.” In this case, it reflects dividends on existing stock and restricted stock units being automatically reinvested into additional units under the PACCAR Restricted Stock and Deferred Compensation Plan for non‑employee directors, rather than open‑market buying or selling.
AI-generated analysis. How Rhea-AI works. Not financial advice.
