Breber Pierre R 4

What Happened Pierre R. Breber, a PACCAR (PCAR) director, recorded an "other acquisition" (code J) of 424.989 derivative units on April 1, 2026. The units were valued at $117.65 each for a total reported value of $50,000. This transaction reflects an acquisition of deferred/phantom stock units rather than an open-market purchase of common shares.

Key Details

• Transaction date and price: April 1, 2026 — 424.989 units at $117.65 each (total $50,000).
• Form filed: April 2, 2026 (timely filing; no late report indicated).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction type/code: J (other acquisition/disposition); instrument is a derivative (phantom/restricted stock unit).
• Footnotes:
  • F1/F3 — Units are stock units/restricted stock units in the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP) and convert 1-for-1 to PACCAR common stock upon termination of non-employee director status or upon satisfaction of vesting conditions.
  • F2 — The units reflect cash compensation deferred into the phantom stock account under the RSDCP.

Context This was not an exercise of options or an open-market buy; it represents compensation deferred into a phantom stock/restricted stock unit account for a non-employee director. Such derivative units typically do not change beneficial ownership of common stock until converted and are common for director compensation.