PIGOTT MARK C

Pigott Mark C, Executive Chairman of PACCAR Inc. (PCAR), has demonstrated a consistent pattern of insider transactions over the past several years, primarily involving the exercise of derivative securities and stock sales. According to SEC Form 4 filings, Pigott has executed 26 transactions since January 2024, all tied to PCAR. Notably, his activity has been heavily skewed toward exercising options ("Code J"), with a total buy value of approximately $9.41 million, compared to a single significant sale ("Code S") on January 30, 2024, valued at $7.58 million. This sale, which also included a derivative acquisition ("Code M") worth $5.06 million, represents the largest transaction in the dataset and marks a shift toward reducing his holdings. The majority of Pigott’s transactions involve the exercise of options, often in pairs or multiples on the same date, suggesting structured financial planning. For instance, on January 8, 2025, he exercised options totaling over $1.59 million across four filings, while on March 6, 2024, he exercised options worth approximately $141,160. These exercises are typically followed by smaller sales or acquisitions, indicating a strategy of converting options into shares while maintaining a significant equity position. Despite the recent sale in January 2024, Pigott’s overall activity reflects a long-term commitment to PCAR, with a focus on leveraging derivative securities to manage his holdings. His transactions provide insight into the structured approach of a senior executive balancing equity accumulation with liquidity needs.