CARNWATH ALISON J 4

What Happened

Alison J. Carnwath, a director of PACCAR Inc. (PCAR), recorded an acquisition of 70.212 derivative shares (restricted stock units) on 2026-06-03. The filing lists an imputed price of $114.38 per share for a total value of $8,031. This was an other acquisition (transaction code J) of RSU-based phantom stock held in the non-employee director deferred account—not an open-market purchase.

Key Details

• Transaction date and price: 2026-06-03 at $114.38 per share (70.212 shares; $8,031 total).
• Transaction type: Code J — Other acquisition (derivative RSUs in deferred phantom stock account).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes:
  • F1: These are restricted stock units held 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 common stock when vesting conditions are met.
  • F2: Dividends on RSUs under the RSDCP are reinvested as additional RSUs (dividend reinvestment).
• Filing timeliness: Reported on 2026-06-05 for a 2026-06-03 transaction; filed within the typical Section 16 reporting window.

Context

This was a derivative/RSU credit in the non-employee director deferred plan rather than a cash market purchase—such transactions are often routine (vesting conversions or dividend reinvestments) and do not necessarily signal a change in insider sentiment. For retail investors, direct purchases by insiders are generally more informative about confidence than routine RSU plan activity.