Rich John N 4
Research Summary
AI-generated summary
PACCAR CTO John N. Rich Buys 4 Shares via Dividend Reinvestment
What Happened
John N. Rich, Vice President & Chief Technology Officer of PACCAR Inc. (PCAR), recorded an acquisition of 4.018 shares of PACCAR common stock on 2026-06-03. The shares were acquired at $114.38 each for a total value of approximately $460. The Form 4 reports the transaction type as "Other acquisition or disposition (J)" and is annotated as dividend reinvestment.
Key Details
- Transaction date: 2026-06-03; filing date (Form 4): 2026-06-05.
- Transaction: Acquisition of 4.018 shares at $114.38 per share; total ≈ $460.
- Transaction code: J (other acquisition/disposition) — here, a dividend reinvestment under the PACCAR Savings Investment Plan (SIP) (Footnote F1).
- Shares owned after the transaction: Not stated in the provided filing excerpt.
- Footnote F2 indicates the insider holds restricted stock units in a deferred phantom stock account under the LTIP, convertible one-for-one upon vesting (separate from this SIP reinvestment).
Context
This was a small, routine purchase resulting from automatic dividend reinvestment rather than an open-market buy or option exercise. Such SIP reinvestments are common and generally reflect dividend policy mechanics rather than a directional trading signal from the insider. The filing appears timely (filed two days after the reported transaction).