HACHIGIAN KIRK S 4

What Happened

• Kirk S. Hachigian, a director of PACCAR Inc. (PCAR), acquired 236.185 shares on 2026-06-03. The shares are reported as a derivative acquisition at $114.38 per share, total value $27,015. This was a conversion/crediting of restricted stock units (RSUs) held in a deferred phantom stock account under PACCAR’s non-employee director plan, not an open-market purchase.

Key Details

• Transaction date and price: 2026-06-03 at $114.38 per share (total $27,015).
• Transaction type/code: "Other acquisition or disposition (J)" — derivative acquisition via RSU/phantom-account conversion.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP) convert 1-for-1 to common stock when vesting conditions are met. F2 — Dividends on RSUs are reinvested into additional RSUs per the RSDCP.
• Filing timeliness: Form 4 filed 2026-06-05 for the 2026-06-03 transaction — within the standard 2-business-day reporting window.

Context

• This was a routine director compensation/vesting conversion (derivative award), not a market purchase or sale; such conversions reflect plan mechanics rather than a direct sentiment-driven buy or sell.
• The transaction amount (~$27k) is modest relative to typical insider trades and primarily reflects compensation vesting and dividend reinvestment.