PACCAR (PCAR) Director John Pigott Receives Deferred Stock Units

What Happened

• John Pigott, a non-employee director of PACCAR Inc. (PCAR), recorded two derivative acquisitions on 2026-09-02: 10.524 and 208.954 phantom/restricted stock units at an imputed price of $122.13 each. The two items total approximately 219.478 units valued at about $26,805. These are acquisitions of deferred/phantom stock units under PACCAR’s Restricted Stock and Deferred Compensation Plan (RSDCP), not open-market cash purchases.

Key Details

• Transaction date: 2026-09-02; filing date: 2026-09-03 (timely filed).
• Reported unit prices: $122.13 per share-equivalent; values: $1,285 and $25,520 (approx.), combined ≈ $26,805.
• Nature: Code J — other acquisition/disposition of derivative securities (deferred phantom stock / restricted stock units).
• Shares owned after transaction: Not specified in the provided summary — see the full Form 4 for total beneficial ownership.
• Relevant footnotes: Units are held in a deferred phantom stock account and convert 1-for-1 to PACCAR common stock upon termination or vesting; dividends on these units are reinvested into additional units per the RSDCP.

Context

• These entries reflect director compensation/deferral (derivative awards), which are routine and not the same as an open-market purchase indicating a personal cash investment.
• For retail investors: such deferred unit acquisitions show insider alignment via compensation plans but should be viewed differently than outright cash purchases or sales.