PACCAR Insider Report: 4,281 Shares Disposed; 5,115 LTIP Units Remain
Rhea-AI Filing Summary
Paulo Henrique Bolgar, a Vice President of PACCAR Inc. (PCAR), reported transactions dated 09/04/2025. The filing shows a purchase (J) of 2.543 common shares at a reported price of $98.21 (dividend reinvestment into the PACCAR Savings Investment Plan), increasing indirect beneficial ownership via the SIP to 752.886 shares. The filing also reports a disposition of 4,281 common shares. Derivative holdings include vested and unvested stock options exercisable between 01/01/2025 and various future dates, covering 41,643 underlying shares in total (individual option lots of 12,183, 11,374, 8,294, and 9,792), plus 5,115 restricted stock units under the LTIP convertible one-for-one to common stock upon vesting.
Positive
- Continued equity alignment: Officer holds multiple stock option tranches and 5,115 LTIP units convertible one-for-one, maintaining long-term incentive exposure
- Dividend reinvestment: 2.543 shares purchased via the PACCAR Savings Investment Plan, indicating participation in SIP
Negative
- Share disposition: Reported sale/disposition of 4,281 common shares, which reduces the reporting person's holdings
- No additional purchases: Aside from a small SIP reinvestment, there are no material open-market purchases increasing insider ownership
Insights
TL;DR Insider reported routine dividend reinvestment, a meaningful sale of shares, and continued holdings in options and LTIP units.
The 4,281-share disposition is the most material single change reported and slightly reduces direct/indirect share exposure by the reporting person. The small dividend reinvestment (2.543 shares) reflects SIP activity rather than a market buy decision. The officer retains significant upside via multiple stock option tranches and 5,115 LTIP units that convert one-for-one upon vesting; these derivative holdings indicate ongoing alignment with equity-based compensation rather than immediate liquidity needs.
TL;DR Transactions are standard for an executive: SIP reinvestment, a sale, and outstanding incentive awards remain in place.
The filing shows no unusual acceleration or modification of awards and records standard disclosure through a power of attorney signature. The mix of dispositions and long-dated option grants is consistent with routine portfolio rebalancing and compensation realization policies. No new agreements, waivers, or plan amendments are disclosed in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 2.543 | $98.21 | $249.75 |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Units (LTIP) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP. 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.
