WALTON MICHAEL K 4

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.