PACCAR Director Pierre Breber Acquires Stock Units via Deferred Compensation

Executive Summary

On October 1, 2026, PACCAR Inc. (NASDAQ: PCAR) Director Pierre R. Breber acquired 454.7935 phantom stock units priced at $109.94 per unit, representing a total transaction value of approximately $50,000. The transaction reflects quarterly cash director compensation deferred into phantom stock under the PACCAR Restricted Stock and Deferred Compensation Plan for Non-Employee Directors (RSDCP).

Transaction Breakdown

• Security: Stock Units (convertible 1-for-1 to common stock upon termination of board service)
• Transaction Code: J (Other transaction / Deferred compensation election)
• Units Acquired: 454.7935
• Price Per Unit: $109.94
• Total Investment: $50,000.00
• Post-Transaction Holdings:
  • Deferred Stock Units: 4,502.5604
  • Restricted Stock Units (RSDCP): 4,200.6691
  • Common Stock (Direct): 13,015.0000

Market & Governance Impact

Because this transaction is an automatic conversion of non-employee director cash retainer fees into phantom equity, it constitutes standard board compensation rather than an open-market, discretionary purchase. Consequently, the trading significance is rated as Low, although it maintains alignment between board members and common shareholders by increasing director equity exposure.