WALTON MICHAEL K 4
4 · PACCAR INC · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) VP/General Counsel Michael Walton Acquires Shares
What Happened
- Michael K. Walton, Vice President and General Counsel of PACCAR (PCAR), acquired a total of 63.367 shares on June 3, 2026. The filing shows two "other acquisition" (code J) transactions: 20.801 shares at $114.38 ($2,379) and 42.566 shares at $114.38 ($4,869), totaling about $7,248. These were acquisitions (not open-market purchases or sales).
Key Details
- Transaction date: 2026-06-03; Filing date: 2026-06-05 (appears timely under Form 4 rules).
- Prices: $114.38 per share for both entries.
- Shares acquired: 20.801 (ordinary acquisition) and 42.566 (listed as derivative acquisition) — total 63.367 shares (~$7,248).
- Shares owned after the transaction: Not specified in the provided excerpt.
- Notable footnotes: F1 indicates dividend reinvestment under PACCAR’s Savings Investment Plan (SIP); other footnotes describe share units/phantom stock and deferred compensation conversions (e.g., F3–F5), consistent with the second line being a derivative conversion rather than an open-market buy.
- Transaction code: J = "Other acquisition or disposition" (filing specifies the nature via footnotes).
Context
- The filing indicates these were internal plan-related transactions (dividend reinvestment and conversion of deferred/phantom share units) rather than an open-market purchase — such acquisitions are common and reflect plan mechanics more than a direct market bet.
- Derivative conversions simply convert company-granted units into actual shares upon vesting/conditions being met; they do not necessarily imply new cash outlay by the insider.
Insider Transaction Report
Form 4
PACCAR INCPCAR
WALTON MICHAEL K
VICE PRESIDENT/GENERAL COUNSEL
Transactions
- Other
Common Stock
[F1][F2]2026-06-03$114.38/sh+20.801$2,379→ 6,850.345 total(indirect: By PACCAR Savings Investment Plan (SIP)) - Other
Stock Units (DCP)
[F3][F4]2026-06-03$114.38/sh+42.566$4,869→ 13,953.197 total→ Common Stock (42.566 underlying)
Holdings
- 2,885
Common Stock
- 1,302
Stock Option
Exercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (1,302 underlying) - 7,918
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (7,918 underlying) - 6,108
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (6,108 underlying) - 5,844
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (5,844 underlying) - 5,674
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (5,674 underlying) - 2,997
Stock Units (LTIP)
[F5]→ Common Stock (2,997 underlying)
Footnotes (5)
- [F1]Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.
- [F2]Balance includes shares awarded under PACCAR Savings Investment Plan (Company match) in exempt transaction(s) under Rule16b-3(c) and Rule 16b-3(d).
- [F3]Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable conditions.
- [F4]Dividend on share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) reinvested pursuant to DCP.
- [F5]Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.
Signature
Michael R. Beers, by Power of Attorney|2026-06-05