RAMASWAMY SREEGANESH 4

What Happened Ramaswamy Sreeganesh, a non-employee director of PACCAR Inc. (PCAR), was credited with 319.614 phantom stock units on July 1, 2026. The units are reported at an equivalent price of $121.24 per share for a total value of $38,750. This transaction is recorded as an "Other acquisition or disposition" (code J) and represents a derivative award (phantom/RSU-style units), not an open-market purchase of common stock.

Key Details

• Transaction date: 2026-07-01; price used: $121.24; total reported value: $38,750.
• Shares/units acquired: 319.614 phantom stock units (derivative).
• Shares owned after transaction: Not specified in this filing.
• Transaction code: J — Other acquisition or disposition (derivative units credited).
• Filing timeliness: Reported on the same day (filed 2026-07-01).
• Footnotes:
  • F1: Units are stock units in a deferred phantom stock account convertible 1-for-1 to common stock upon termination of director status.
  • F2: Some units reflect cash compensation deferred into the phantom stock account.
  • F3: Restricted stock units in the deferred account convert 1-for-1 upon satisfaction of vesting conditions.

Context These phantom stock units are part of PACCAR’s Restricted Stock and Deferred Compensation Plan for non-employee directors and do not represent immediate delivery of common shares — they are rights to receive shares in the future (typically upon termination or upon vesting). Such director deferred-compensation credits are routine and reflect compensation elections rather than an open-market opinion about the company.