[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

Barbara B. Hulit, a director of PACCAR Inc. (PCAR), received 5,312.3304 restricted stock units (stock units) on 09/04/2025 under the PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP). These stock units are held in a deferred phantom stock account and convert 1-for-1 into PACCAR common stock upon satisfaction of vesting conditions. The reported acquisition reflects dividend reinvestment into additional restricted stock units (transaction code J) at a stated value of $98.21 per share equivalent, leaving Hulit with 5,312.3304 units beneficially owned following the transaction.

Positive

• Director participation documented: Barbara B. Hulit's dividend reinvestment into restricted stock units is clearly reported, showing compliance with Section 16 disclosure rules.
• RSDCP mechanics disclosed: The filing explains that restricted stock units are held in a deferred phantom stock account and convert 1-for-1 to common stock upon vesting.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider filing showing a director's dividend reinvestment into restricted stock units; no material sale or new cash purchase.

The Form 4 reports a non-cash reinvestment transaction where 17.7904 additional restricted stock units were credited under PACCAR's director deferred compensation plan, bringing total units to 5,312.3304. This is recorded as transaction code J, indicating dividend reinvestment rather than open-market trading or option exercise. For investors, this is a routine administrative update reflecting compensation plan mechanics rather than a change in control or liquidity event.

Corporate Governance Expert

TL;DR: Governance disclosure documents a director's participation in the company deferred compensation plan via dividend reinvestment; customary disclosure.

The filing clarifies that restricted stock units are held in a deferred phantom stock account for non-employee directors and convert to common shares upon vesting. The explanation notes dividend reinvestment under the RSDCP produced the incremental units reported. This aligns with standard director compensation practices and fulfills Section 16 reporting requirements; it does not indicate an atypical governance event.

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^*

Hulit Barbara B.

(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)

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

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

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 Units (RSDCP)	(1)	09/04/2025		J(2)		17.7904		(1)	(1)	Common Stock	17.7904	$98.21	5,312.3304	D

Explanation of Responses:

1. 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.

2. Dividend on restricted stock units under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) reinvested in additional restricted stock units pursuant to RSDCP.

	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.
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.

FAQ

What did Barbara B. Hulit report on the Form 4 for PCAR?

She reported receiving 5,312.3304 restricted stock units on 09/04/2025 via dividend reinvestment under the PACCAR RSDCP.

Does the Form 4 show a cash purchase or sale of PACCAR (PCAR) stock?

No. The transaction is coded J for dividend reinvestment into restricted stock units, not a market purchase or sale.

How do the restricted stock units convert to PACCAR common stock?

They convert on a 1-for-1 basis to PACCAR common stock upon satisfaction of applicable vesting conditions, per the filing.

How many additional units were acquired in this transaction?

17.7904 restricted stock units were credited (per the line item) resulting in a total of 5,312.3304 units owned.

What value is shown for the reported restricted stock units?

$98.21 is the stated per-share equivalent value in the filing for the reported units.