PACCAR (PCAR) Director Alison Carnwath Acquires 65.958 Shares

What Happened

• Alison J. Carnwath, a director of PACCAR Inc., recorded an acquisition of 65.958 derivative shares on 2026-09-02 at $122.13 per share, total value about $8,055. The Form 4 was filed on 2026-09-03.
• This was not an open-market purchase but an acquisition related to PACCAR’s director deferred compensation/RSU program (a derivative transaction), typically part of board compensation or dividend reinvestment.

Key Details

• Transaction date: 2026-09-02; reported price: $122.13; total value ≈ $8,055.
• Transaction code: J (other acquisition or disposition); security reported as Derivative.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: These are restricted stock units held in a deferred phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for non-employee directors, convertible 1-for-1 to common stock upon vesting.
  • F2: Dividends on RSUs are reinvested into additional restricted stock units under the plan.
• Filing timeliness: Form 4 filed the next day (2026-09-03), which is timely under normal Form 4 rules.

Context

• This appears to be a routine, plan-related acquisition (RSU/deferred-compensation accounting and dividend reinvestment), not a market purchase or sale; such transactions are generally compensation-related and don’t necessarily signal the insider’s view of the stock.
• For retail investors, plan-related derivative acquisitions are useful to note but typically carry different implications than direct open-market buys or sells.