PACCAR Director Kirk S. Hachigian Acquires 222 Shares

What Happened

• Kirk S. Hachigian, a director of PACCAR Inc. (PCAR), recorded an acquisition of 221.875 shares on 2026-09-02. The transaction is shown as a derivative acquisition at $122.13 per share, with a reported value of $27,098. The Form 4 lists the transaction code “J” (other acquisition or disposition).

Key Details

• Transaction date: 2026-09-02; reported on Form 4 filed 2026-09-03 (timely filing).
• Price/value: $122.13 per share; total reported value $27,098.
• Shares acquired: 221.875 (derivative conversion of restricted stock units).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes:
  • F1: These are restricted stock units held in a deferred phantom stock account under PACCAR’s Restricted Stock and Deferred Compensation Plan (RSDCP) and convert 1-for-1 to common stock upon satisfaction of vesting conditions.
  • F2: Dividends on those restricted stock units are reinvested as additional restricted stock units under the RSDCP.
• Transaction code: “J” (other acquisition); recorded as a derivative transaction rather than an open-market purchase.

Context

• This was an acquisition via restricted stock unit conversion / deferred-compensation mechanics, not an open-market buy. Such derivative conversions are typically part of director compensation or deferral arrangements and do not necessarily signal insider sentiment about the company’s stock price.