[Form 4] Paccar Inc Insider Trading Activity

Rhea-AI Filing Summary

John N. Rich, Vice President & Chief Technology Officer of PACCAR Inc (PCAR), reported changes in his beneficial ownership on 09/04/2025. The filing shows a dividend reinvestment into the PACCAR Savings Investment Plan that acquired 3.903 shares at $98.21, increasing indirect SIP holdings to 1,155.366 shares (indirect). The report also records a disposition of 4,825 common shares (direct) on the same date. Reported derivative holdings held directly include stock options exercisable 2025–2028 covering 11,574; 11,944; 13,164; and 14,642 underlying common shares respectively, and 6,527 stock units under the Long Term Incentive Plan convertible one-for-one to common stock upon vesting. Footnotes state the 3.903 shares were dividend reinvested via the SIP and the 6,527 units are restricted stock units in a deferred phantom stock account under the LTIP.

Positive

• Dividend reinvestment into the PACCAR Savings Investment Plan increased SIP holdings by 3.903 shares
• Substantial long-term incentive positions remain: multiple stock option tranches and 6,527 LTIP units convertible to common stock

Negative

• Direct disposition of 4,825 common shares was reported on 09/04/2025
• Filing provides no explanation for the 4,825-share sale or whether it was pursuant to a trading plan

Insights

Securities Analyst

TL;DR: Insider reported a small SIP reinvestment and a direct sale, while retaining material option and LTIP positions.

The Form 4 documents routine insider activity: a dividend reinvestment (3.903 shares) into the PACCAR Savings Investment Plan and a direct disposition of 4,825 common shares. The reporting person still holds multiple tranches of exercisable stock options totaling 51,324 underlying shares (sum of listed option amounts) and 6,527 LTIP units convertible to common stock upon vesting. These entries are transactional disclosures required under Section 16 and do not, by themselves, indicate changes in corporate strategy or material financial condition.

Corporate Governance Expert

TL;DR: Filing is a routine disclosure showing ongoing compensation-related holdings and a reported share sale.

The filing identifies the reporting person as an officer (V.P. & Chief Technology Officer) and discloses both direct and indirect holdings, including SIP-held shares and LTIP restricted units. The presence of deferred LTIP units and multiple option grant vintages is consistent with standard executive compensation structures. The direct sale of 4,825 shares is material to ownership reporting but the document provides no explanation for the sale, trading plan, or use of proceeds.

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^*

Rich John N

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	V.P. & CHIEF TECH. OFFICER

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
Common Stock	09/04/2025		J(1)		3.903	A	$98.21	1,155.366	I	By PACCAR Savings Investment Plan (SIP)
Common Stock								4,825	D

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 Option	$62.8667							01/01/2025	02/07/2032	Common Stock	11,574		11,574	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	11,944		11,944	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	13,164		13,164	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	14,642		14,642	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	6,527		6,527	D

Explanation of Responses:

1. Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.

2. 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.

	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 transactions did PACCAR insider John N. Rich report on Form 4?

The Form 4 reports a dividend reinvestment of 3.903 shares into the PACCAR Savings Investment Plan and a direct disposition of 4,825 common shares on 09/04/2025.

How many stock options and LTIP units does John N. Rich hold according to the filing?

The filing lists stock options with underlying common shares of 11,574; 11,944; 13,164; and 14,642, and 6,527 LTIP stock units convertible one-for-one upon vesting.

At what price were the dividend-reinvested shares acquired?

The dividend-reinvested shares were acquired at a price of $98.21 per share.

Does the Form 4 indicate whether the 4,825-share sale was part of a trading plan?

No. The Form 4 does not state whether the disposition of 4,825 shares was executed pursuant to a Rule 10b5-1 trading plan or other arrangement.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 was executed by Michael R. Beers, by Power of Attorney on 09/05/2025.