PACCAR Director Sreeganesh Ramaswamy Defers Compensation into Stock Units
PACCAR INC
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Filing Summary
📊 Insider Filing Alert: PACCAR INC ($PCAR) Insider: RAMASWAMY SREEGANESH (Director) Type: Acquisition (Deferred Compensation) Details: 318.3555 Stock Units at $109.94 per share ($35,000.00 total value) Shares Held After: 11,218.3662 Stock Units Significance: Low (Routine director deferred compensation)
Comprehensive Analysis
Overview
On October 1, 2026, Sreeganesh Ramaswamy, a Director at PACCAR INC ($PCAR), acquired 318.3555 Stock Units valued at $109.94 per share, representing an aggregate value of $35,000.00.
Transaction Details
- Security: Stock Units
- Transaction Code:
J(Other transaction / Deferred compensation conversion) - Shares Acquired: 318.3555
- Price per Unit: $109.94
- Total Consideration: $35,000.00
- Ownership Type: Direct
- Ending Direct Ownership (Stock Units): 11,218.3662 units
Context & Significance
According to the footnotes, this transaction reflects cash compensation automatically deferred into a phantom stock account under the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP). These units convert to common stock on a 1-for-1 basis upon termination of the reporting person's service as a director.
Because this acquisition represents standard deferred director fees rather than a discretionary open-market purchase, this filing carries Low trading significance.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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