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PACCAR (PCAR) director adjusts deferred phantom stock and RSU holdings

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

Rhea-AI Filing Summary

PACCAR Inc director Sreeganesh Ramaswamy reported updates to his deferred stock units under the company’s non-employee director plan. He now holds 13,479.3942 stock units in a deferred phantom stock account that is convertible into an equal number of PACCAR common shares when his board service ends.

The filing also shows an "other" derivative transaction involving 319.614 stock units at a reference value of $121.24 per unit, leaving 10,868.8627 stock units in that particular deferred account. These entries reflect compensation and deferral activity rather than open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider RAMASWAMY SREEGANESH
Role null
Type Security Shares Price Value
Other Stock Units 319.614 $121.24 $39K
holding Stock Units (RSDCP) -- -- --
Holdings After Transaction: Stock Units — 10,868.863 shares (Direct, null); Stock Units (RSDCP) — 13,479.394 shares (Direct, null)
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. Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (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.
Deferred stock units held 13,479.3942 units Stock units (RSDCP) convertible 1-for-1 into common stock
Restructuring transaction units 319.6140 units Other derivative transaction in stock units
Reference price per unit $121.2400 per unit Value used for 319.614 stock unit transaction
Units after derivative transaction 10,868.8627 units Stock units balance following 319.614-unit transaction
Exercise price of units $0.0000 Stock units and RSDCP units have zero exercise price
Deferred phantom stock account financial
"Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
Restricted Stock and Deferred Compensation Plan financial
"under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP)"
Non-Employee Directors (RSDCP) financial
"Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis"
Restricted stock units financial
"Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
RAMASWAMY SREEGANESH
(Last)(First)(Middle)
777 - 106TH AVE. N.E.
(Street)
BELLEVUE WASHINGTON 98004
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PACCAR INC [ PCAR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)07/01/2026J(2)319.614 (1) (1)Common Stock319.614$121.2410,868.8627D
Stock Units (RSDCP)(3) (3) (3)Common Stock13,479.394213,479.3942D
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 Attorney07/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PACCAR (PCAR) director Sreeganesh Ramaswamy report in this Form 4?

He reported updated holdings in deferred stock units under PACCAR’s non-employee director plan. The filing reflects compensation and deferral activity, not open-market trades, and shows his current phantom stock units tied to PACCAR common shares.

How many PACCAR deferred stock units does Ramaswamy hold after this reporting event?

He holds 13,479.3942 stock units in a deferred phantom stock account. These units track PACCAR common stock on a one-for-one basis and are generally settled in shares when his non-employee director service ends.

What is the 319.614 PACCAR stock unit transaction disclosed for Ramaswamy?

The filing shows an "other" derivative transaction for 319.614 stock units at $121.24 per unit. This relates to cash compensation deferred into the phantom stock account, rather than an open-market purchase or sale of PACCAR shares.

Are Ramaswamy’s PACCAR stock units immediately convertible into common stock?

The phantom stock units are generally convertible into PACCAR common stock on a one-for-one basis at specific times. For non-employee directors, conversion typically occurs when board service ends or when vesting conditions on restricted stock units are satisfied.

Does this PACCAR Form 4 show insider buying or selling in the market?

No, the transactions relate to deferred compensation and restricted stock units in a phantom stock account. The codes and descriptions indicate plan-based awards and deferrals, not direct open-market purchases or sales of PACCAR common stock by the director.