RAMASWAMY SREEGANESH 4

What Happened Sreeganesh Ramaswamy, a non-employee director of PACCAR (PCAR), had 329.367 phantom stock units credited to his deferred phantom stock account on April 1, 2026. The units were recorded at $117.65 each for a total value of $38,750 and reported as a derivative acquisition (transaction code J). This was not an open-market purchase of common shares but an allocation of deferred compensation into phantom stock units under PACCAR’s non-employee director plan.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
• Transaction type/code: Other acquisition (J) — derivative phantom stock units.
• Quantity/price/value: 329.367 units @ $117.65 = $38,750 (rounded).
• Shares owned after transaction: Not specified in the provided filing extract.
• Footnotes:
  • F1/F3 — These are restricted/stock units in a deferred phantom stock account under PACCAR’s Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP), convertible 1-for-1 to PACCAR common stock upon termination or upon satisfaction of vesting conditions.
  • F2 — The units reflect cash compensation deferred into the phantom stock account.
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding event in this record.

Context This entry reflects a plan-based deferral crediting phantom stock units, not an immediate issuance of tradable common shares. Such allocations are routine for director compensation and do not by themselves indicate an immediate change in voting power or open-market trading intent.