RAMASWAMY SREEGANESH 4

What Happened Sreeganesh Ramaswamy, a PACCAR (PCAR) director, acquired a total of 73.303 shares on 2026-06-03 via derivative awards (phantom/restricted stock units) under PACCAR’s Restricted Stock and Deferred Compensation Plan for non-Employee Directors. The transactions consisted of 32.182 units valued at $3,681 and 41.121 units valued at $4,703, each recorded at a price of $114.38, for an aggregate value of approximately $8,384. These were acquisitions of company-settled deferred/phantom units, not open-market purchases.

Key Details

• Transaction date: 2026-06-03; Filing date (Form 4): 2026-06-05 (appears timely under the SEC two-business-day rule).
• Price per share/unit: $114.38.
• Shares/units acquired: 32.182 (value $3,681) and 41.121 (value $4,703); total 73.303 units (~$8,384).
• Instrument: Derivative — phantom stock / restricted stock units under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• Footnotes: F1/F3 indicate these units are held in a deferred phantom stock account and are convertible 1-for-1 to PACCAR common stock upon required conditions (e.g., termination or vesting); F2/F4 note dividends on these units are reinvested into additional units per the RSDCP.
• Shares owned after the transaction: not reported in the provided filing data.

Context These acquisitions reflect awards/deferrals under PACCAR’s director compensation plan rather than open-market buying. Such derivative/unit transactions are common for non-employee directors and represent deferred compensation that will convert to common stock per plan rules; they do not by themselves signal immediate buying or selling in the open market.