PIGOTT MARK C 4
Research Summary
AI-generated summary
PACCAR Exec Chairman Mark C. Pigott Buys 460.77 Shares via SIP
What Happened
- Mark C. Pigott, Executive Chairman and Director of PACCAR (PCAR), acquired 460.77 shares on 2026-03-04 at $124.92 per share, a total value of $57,559. The transaction is reported on a Form 4 as code "J" (other acquisition or disposition) and is identified in the filing as a dividend reinvestment into the PACCAR Savings Investment Plan (SIP).
Key Details
- Transaction date and price: 2026-03-04, 460.77 shares @ $124.92.
- Total value: $57,559.
- Transaction code: J (other acquisition/disposition); filing notes this was a dividend reinvested under the SIP (Footnote F1).
- Footnote F2: Balance reported includes shares awarded under the PACCAR SIP (company match) that were issued in exempt transactions under Rule 16b-3(c) and 16b-3(d).
- Filing timing: Form 4 filed 2026-03-06 for a 2026-03-04 transaction — appears to be filed within the standard two-business-day window (timely).
Context
- This transaction is a dividend reinvestment through the company savings plan (SIP), a routine way insiders increase holdings by converting dividends into additional shares rather than a direct open-market purchase. Such reinvestments are common and typically reflect dividend policy use rather than a new directional investment decision.