PACCAR (PCAR) VP/General Counsel Michael Walton Acquires ~60 Shares

What Happened

• Michael K. Walton, Vice President and General Counsel of PACCAR (PCAR), recorded two small acquisitions on 2026-09-02 totaling 59.525 shares at $122.13 per share. One entry shows 19.538 shares ($2,386) acquired and the other shows 39.987 shares ($4,884) acquired as a derivative conversion, for a combined value of about $7,270. These are acquisitions (not open-market buys or sales) arising from company plan mechanics rather than a discretionary market purchase.

Key Details

• Transaction date: 2026-09-02; Filing date: 2026-09-04 (Form 4) — filed timely.
• Prices: $122.13 per share for both entries.
• Shares reported acquired: 19.538 shares (cash value $2,386) and 39.987 shares (derivative; cash value $4,884); total ≈ 59.525 shares (~$7,270).
• Shares owned after the transaction: Not disclosed in the materials provided.
• Transaction code used: J (other acquisition/disposition). One line is marked “Derivative,” indicating conversion of a derivative/phantom unit.
• Notable footnotes from the filing:
  • F1: Dividend on PACCAR Savings Investment Plan (SIP) shares reinvested pursuant to SIP.
  • F2: Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) convertible one-for-one to common stock upon satisfaction of conditions.
  • F3: Dividend on DCP share units reinvested pursuant to DCP.
  • F4: Defines LTIP restricted stock units (included in filing footnotes but not clearly tied to these specific lines).

Context

• These transactions appear to be administrative plan-related issuances (dividend reinvestment and conversion of deferred/phantom units) rather than a discretionary open-market purchase or sale. Such transactions are common for insiders participating in company savings, dividend reinvestment, or deferred compensation plans and do not necessarily signal a change in personal market view.
• The derivative line reflects conversion of deferred/phantom stock units into common-stock-equivalent shares (one-for-one, subject to plan conditions), as described in the filing footnotes.