Pigott John 4

What Happened
John Pigott, a PACCAR (PCAR) director, reported two non‑market acquisitions on 2026-06-03 under PACCAR’s Restricted Stock and Deferred Compensation Plan for non‑Employee Directors (RSDCP). He received 10.322 stock units (derivative) at $114.38 each (value $1,181) and 222.431 restricted stock units (derivative) at $114.38 each (value $25,442), for a combined 232.753 shares valued at about $26,623. These were recorded as "other acquisition or disposition (J)" and reflect deferred/phantom stock unit activity rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-05 (timely — within Form 4 reporting window).
• Price used for reporting: $114.38 per share; total reported value ≈ $26,623.
• Transaction code: J (Other acquisition/disposition — non‑open‑market derivative activity).
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes summary:
  • F1/F3: Units are phantom stock or restricted stock units held in a deferred account under the RSDCP, convertible 1-for-1 into common stock upon director termination or vesting.
  • F2/F4: Dividends on these units are reinvested into additional (restricted) stock units per plan terms.

Context
These transactions are plan‑based derivative awards (deferred/phantom stock and restricted stock units) and are routine compensation/deferral activity rather than open‑market insider buying. Such awards convert to actual shares when vesting or upon termination according to plan rules; they do not necessarily signal a personal market bet by the director.