PACCAR (PCAR) director logs restructuring of deferred phantom stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PACCAR INC director Sreeganesh Ramaswamy reported administrative changes in deferred stock-based compensation. A J-code entry reclassified 329.3668 stock units, referenced at $117.65 per unit, linked 1-for-1 to PACCAR common stock. Following this, direct holdings in these stock units totaled 10,517.0667 units, with additional deferred phantom stock units held under the Restricted Stock and Deferred Compensation Plan for non-employee directors.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider RAMASWAMY SREEGANESH

Role Director

Type	Security	Shares	Price	Value
Other	Stock Units	329.367	$117.65	$39K
holding	Stock Units (RSDCP)	--	--	--

Holdings After Transaction: Stock Units — 10,517.067 shares (Direct); Stock Units (RSDCP) — 13,438.273 shares (Direct)

Footnotes (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.

Key Figures

J-code stock units affected: 329.3668 units Reference price per unit: $117.65 per unit Stock units after transaction: 10,517.0667 units +1 more

4 metrics

J-code stock units affected 329.3668 units Other acquisition or disposition on April 1, 2026

Reference price per unit $117.65 per unit Value used for the 329.3668 stock units

Stock units after transaction 10,517.0667 units Total direct stock units following the J-code entry

RSDCP underlying shares 13,438.2734 shares Underlying PACCAR common stock in deferred phantom account

Key Terms

deferred phantom stock account, Restricted Stock and Deferred Compensation Plan, Stock Units (RSDCP), restricted stock units

4 terms

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)"

Stock Units (RSDCP) financial

"Stock Units (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.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 06:16 PM

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
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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Units	⁽¹⁾	04/01/2026		J⁽²⁾		329.3668		⁽¹⁾	⁽¹⁾	Common Stock	329.3668	$117.65	10,517.0667	D
Stock Units (RSDCP)	⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	13,438.2734		13,438.2734	D

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 Attorney	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did PACCAR (PCAR) director Sreeganesh Ramaswamy report on this Form 4?

Director Sreeganesh Ramaswamy reported an administrative J-code transaction involving 329.3668 stock units tied to PACCAR common stock. The units are part of deferred compensation arrangements rather than open-market buying or selling of shares.

What are the PACCAR (PCAR) stock units mentioned in Ramaswamy’s Form 4 filing?

The stock units are deferred phantom stock in a PACCAR plan for non-employee directors. They are convertible into PACCAR common stock on a 1-for-1 basis upon termination or vesting, providing equity-linked compensation without immediate share delivery.

How many PACCAR (PCAR) stock units did Ramaswamy’s J-code transaction affect?

The J-code transaction involved 329.3668 stock units, with a reference value of $117.65 per unit. These units correspond to an equal number of underlying PACCAR common shares through the company’s deferred compensation and restricted stock arrangements.

What are Ramaswamy’s PACCAR (PCAR) holdings after the reported Form 4 transactions?

After the reported activity, Ramaswamy directly held 10,517.0667 stock units in one account. A separate deferred phantom stock account under the PACCAR RSDCP reflects 13,438.2734 underlying common shares tied to restricted and deferred stock units.

Does the PACCAR (PCAR) Form 4 report open-market buying or selling by Ramaswamy?

The Form 4 does not report open-market purchases or sales. Instead, it records an “other” J-code transaction related to deferred phantom stock units and plan-based compensation accounting, rather than discretionary trading in PACCAR common shares.