Pigott John 4

What Happened

• John Pigott, a PACCAR director, recorded an acquisition of 297.493 derivative stock units on 2026-04-01 at an attributed price of $117.65 per unit, for a total reported value of $35,000. This was reported on a Form 4 filed 2026-04-02. The transaction reflects an acquisition of phantom/deferred stock units rather than an open-market purchase of common shares.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (appears timely).
• Transaction type/code: "Other acquisition or disposition (J)" — 297.493 units acquired @ $117.65; total $35,000; classified as a derivative.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes from the filing:
  • F1/F3: Units are phantom/restricted stock units in the PACCAR Restricted Stock and Deferred Compensation Plan (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 filing indicates these units reflect cash compensation deferred into the phantom stock account under the RSDCP.
• Filing timeliness: Reported the next day; no late filing flag present.

Context

• These are deferred (phantom) stock units under PACCAR's non-employee director plan, not an immediate purchase of tradable shares. Per the footnotes, the units convert to common stock on a 1-for-1 basis when conditions (termination or vesting) are met and reflect deferred cash compensation credited to the phantom account. Such derivative-crediting transactions are common for director compensation and do not by themselves indicate open-market buying or selling intent.