Beth Ford - Apr 3, 2023 Form 4 Insider Report for PACCAR INC (PCAR)

Role
Director
Signature
Michael R. Beers, by Power of Attorney
Stock symbol
PCAR
Transactions as of
Apr 3, 2023
Transactions value $
$10,220
Form type
4
Date filed
4/4/2023, 06:02 PM
Previous filing
Mar 29, 2023
Next filing
Jan 18, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCAR Stock Units Other $10.2K +140 +0.53% $73.04 26.7K Apr 3, 2023 Common Stock 140 Direct F1, F2
holding PCAR Stock Units (RSDCP) 31.8K Apr 3, 2023 Common Stock 31.8K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon termination of the Reporting Person's status as a non-employee director.
F2 Cash compensation deferred into phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).
F3 Restricted stock units held in deferred phantom stock account under PACCAR Restricted Stock and Deferred Compensation Plan for non-Employee Directors (RSDCP) convertible to PACCAR common stock on a 1-for-1 basis upon satisfaction of all applicable vesting conditions.