Darrin C. Siver, executive vice president at PACCAR Inc. (PCAR), has filed 40 Form 4 transactions over the past year, and the pattern is overwhelmingly one-sided: no open-market purchases and a single large sale. The only outright disposition came on January 31, 2025, when Siver sold shares worth $11.57 million. That sale was paired with the exercise of four option tranches valued at roughly $4.38 million combined, suggesting the disposition was tied to converting vested equity into cash rather than a broader portfolio shift.
The rest of Siver’s activity consists of automatic or compensatory events. A February 3, 2025 grant added $807,780 in restricted stock, and quarterly “J” transactions—likely dividend equivalents or other non-discretionary adjustments—appear in small amounts ranging from $5,087 to $34,162 across March, September, and December 2025, and again in January 2026. Tax-withholding “F” transactions on March 1, 2025 and January 2, 2026 totaled $243,873, while option exercises in March 2025 and January 2026 carried zero reported value.
The data shows no conviction buying whatsoever—total buy value is $0—and the only meaningful cash event was the January 2025 sale. Since then, Siver has not initiated any new open-market sales, leaving the recent direction neutral. The recurring “J” and “F” entries are mechanical, tied to compensation structure and tax obligations, not discretionary trading. For investors tracking insider sentiment, the takeaway is a lack of fresh signals: no new purchases to interpret as bullish, and no recent sales beyond the one large liquidation that occurred nearly a year ago.
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