Michael K. Walton, Vice President and General Counsel of PACCAR Inc, filed a Form 4 with the SEC on September 3, 2026, reporting changes in beneficial ownership of PACCAR common stock and derivative securities with a transaction date of September 2, 2026.

Key Highlights

  • Reporting person: Michael K. Walton, Vice President and General Counsel of PACCAR Inc (NASDAQ:PCAR)
  • SIP dividend reinvestment: 19.538 shares of common stock acquired indirectly at $122.13 per share via the PACCAR Savings Investment Plan, bringing indirect SIP holdings to 6,869.883 shares
  • DCP dividend reinvestment: 39.987 Stock Units acquired under the PACCAR Deferred Compensation Plan at $122.13 per share, bringing DCP Stock Unit holdings to 13,993.184 units
  • Direct common stock: 2,885 shares reported as directly held (disposed of column, no price listed)
  • Stock options outstanding: Five tranches of directly held stock options covering a combined 26,846 shares of common stock, with exercise prices ranging from $62.8667 to $127.35
  • LTIP units: 2,997 restricted stock units held in a deferred phantom stock account under the Long Term Incentive Plan, directly owned

PACCAR General Counsel's Dividend Reinvestments and Existing Holdings Detail

According to the filing, both transactions recorded on September 2, 2026 carry transaction code "J" and reflect dividend reinvestments rather than open-market purchases. The 19.538 shares added to the PACCAR Savings Investment Plan account were acquired at $122.13 per share, and the filing notes these represent dividends on SIP shares reinvested pursuant to the SIP. Following this transaction, Walton's indirect SIP holdings stood at 6,869.883 shares of common stock.

Similarly, the filing discloses that 39.987 Stock Units were added to Walton's deferred phantom stock account under the PACCAR Deferred Compensation Plan at $122.13 per unit, described as dividends on share units reinvested pursuant to the DCP. Those DCP units are "convertible to common stock on a one-for-one basis upon satisfaction of all applicable conditions," according to the filing. Following the transaction, total DCP Stock Units held directly stood at 13,993.184.

The filing also sets out Walton's broader holdings. Five series of directly held stock options cover 1,302 shares (exercise price $62.8667, expiring 02/07/2032), 7,918 shares ($71.95, expiring 02/08/2033), 6,108 shares ($104.16, expiring 02/05/2034), 5,844 shares ($109.13, expiring 02/03/2035), and 5,674 shares ($127.35, expiring 02/06/2036). Additionally, 2,997 restricted stock units under the Long Term Incentive Plan are held directly in a deferred phantom stock account and are "convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions," the filing states. The form was signed by Michael R. Beers by Power of Attorney on September 3, 2026.

What Was Disclosed

The filing reported two dividend reinvestment transactions dated September 2, 2026 - one adding 19.538 shares to a PACCAR SIP account and one adding 39.987 DCP Stock Units - along with a full snapshot of Walton's existing stock options, LTIP units, and directly held common stock.