Pigott John’s SEC Form 4 activity over the past year is confined entirely to PACCAR Inc (NASDAQ: PCAR), with 38 reported transactions totaling roughly $1.67 million in acquired value. Notably, the filing history contains zero open-market purchases (code P) and zero open-market sales (code S), meaning Pigott has not expressed a directional conviction through discretionary trades. Instead, the pattern is dominated by code J transactions—other acquisitions or dispositions—which appear as recurring quarterly entries, often paired with smaller companion values.
The most recent filings, spanning July 2026 back to September 2025, show a consistent rhythm: quarterly code J entries of $35,000 on the first trading day of January, April, July, and October, alongside mid-quarter code J values ranging from roughly $774 to $98,111. These are interspersed with code A (grant or award) activity, such as a $175,037.64 acquisition on January 2, 2026. The absence of code P or S signals that Pigott is not actively buying or selling shares on the open market; rather, the transactions appear mechanical or compensatory in nature—likely dividend equivalents, restricted stock vesting, or deferred compensation adjustments tied to PACCAR’s schedule.
The dollar values are modest relative to PACCAR’s market cap, and the lack of any recent sell-side activity (code S or D) means Pigott has not been reducing his stake. The aggregate $1.67 million in acquired value, with no corresponding sales, suggests a net accumulation over the period, but the composition—dominated by code J and A rather than voluntary purchases—limits any inference about bullish sentiment. For investors tracking insider behavior, the key takeaway is that Pigott’s filings reflect routine, non-discretionary events rather than a deliberate market signal.
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