Pigott John 4

What Happened John Pigott, a director of PACCAR Inc. (PCAR), recorded an acquisition of 288.684 derivative units on 2026-07-01. The units are valued at $121.24 each for a total transaction value of $35,000. This transaction is reported as an "Other acquisition or disposition (J)" and reflects an acquisition of phantom stock units (derivative) rather than an open-market share purchase.

Key Details

• Transaction date and price: 2026-07-01 at $121.24 per unit; total value $35,000.
• Shares/units acquired: 288.684 phantom stock units (reported as derivative acquisition).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Form filed 2026-07-01 for a 2026-07-01 transaction (no late filing indicated).
• Footnotes:
  • F1/F3 — These are stock units/restricted stock units held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP), convertible 1-for-1 into PACCAR common stock upon termination or vesting.
  • F2 — The units reflect cash compensation deferred into the phantom stock account.

Context This was a derivative acquisition (phantom/deferred stock units) under PACCAR’s non-employee director deferred compensation plan, not an immediate purchase of common shares on the market. Such deferred-unit transactions represent compensation deferral and future claim on shares (convertible 1-for-1 when conditions are met) rather than an immediate change in open-market ownership.