FEIGHT R PRESTON 4
Research Summary
AI-generated summary
PACCAR CEO Feight R. Preston Acquires 46.246 Shares
What Happened Feight R. Preston, CEO of PACCAR (PCAR), acquired 46.246 shares on March 4, 2026 at $124.92 per share, a transaction valued at approximately $5,777. The acquisition is reported under code J ("other acquisition or disposition") and is the result of dividend reinvestment through PACCAR's Savings Investment Plan (SIP), a routine corporate benefit rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-03-04 — 46.246 shares at $124.92 each (≈ $5,777 total).
- Filing date: 2026-03-06 (filed within the typical 2-business-day window; not marked late).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Dividend on SIP shares was reinvested pursuant to the SIP (explains the acquisition).
- F2: Balance may include company match shares awarded under SIP, exempt under Rule 16b-3.
- F3: Restricted stock units in a deferred phantom stock account (LTIP) convert 1:1 to common stock upon vesting.
Context Dividend reinvestments under a company savings/investment plan are common and typically routine, reflecting automatic reinvestment of dividends rather than a discretionary buy or sell by the insider. The filing also indicates the CEO holds additional compensation-related shares (company match and deferred RSUs) that may convert to common stock if vesting conditions are met.