PACCAR Director Pierre Breber Acquires 23.571 Deferred Shares

What Happened

• Pierre R. Breber, a non-employee director of PACCAR Inc. (PCAR), was credited with two derivative stock-unit acquisitions on 2026-09-02: 11.567 units at $122.13 (value $1,413) and 12.004 units at $122.13 (value $1,466), for a total of 23.571 stock units valued about $2,879. These were reported as "other acquisition or disposition" (transaction code J) and represent additions to his deferred/phantom stock account rather than an open-market purchase of tradable shares.

Key Details

• Transaction date: 2026-09-02; Filing date: 2026-09-03 (filed next day).
• Price/value reported: $122.13 per unit; total value ≈ $2,879.
• Shares/units acquired: 11.567 and 12.004 units (total 23.571 units).
• Shares owned after transaction: not disclosed in the provided data.
• Footnotes of note:
  • F1/F3: These are restricted/phantom stock units in the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, convertible 1-for-1 into common stock upon termination or upon satisfaction of vesting conditions.
  • F2/F4: Dividends on these stock units are reinvested as additional (restricted) stock units under the plan.
• Filing timeliness: reported the next day — appears timely (not flagged as late).

Context

• These are derivative/phantom stock units credited under a directors' deferred compensation plan, not immediate marketable shares. They typically convert to common stock only when plan conditions are met (e.g., termination or vesting). Such awards are routine compensation for non-employee directors and do not by themselves indicate buying or selling of open-market stock.