Paccar management check
PCAR · Industrials · Construction Machinery & Heavy Transportation Equipment · CEO R. P. Feight
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $229, against $248 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.39 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$12.6m of reported pay in fiscal 2025, against $2.4bn of net income.
- Flag
Do they own the stock?
CEO stake ≈ 0.2 years of payThe CEO holds 17,749.102 shares, directly or through trusts (unvested awards not counted): about 0.2 years of pay. 4 insiders sold $7.6m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.2% a year over the last three fiscal years. Stock-based pay was 0.1% of revenue in the latest year.
- Good
Is leadership stable?
8 leadership filings in 3 yearsCEO in the pay table: R. P. Feight. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 41 | 55 | |
| Pay for performance | 69 | 86 | |
| CEO cost | 73 | 48 | |
| Skin in the game | 0 | 55 | |
| Dilution | 48 | 62 | |
| Stable leadership | 85 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Construction Machinery & Heavy Transportation Equipment, by management score. Paccar is 61st of 81 in its sector.
- 12CATCaterpillar Inc.87
- 129WABWabtec74
- 133CMICummins73
- 327VRSKVerisk Analytics59
- 328PCARPaccar59
- 335JJacobs Solutions59
Pay versus performance
From the proxy statement filed March 18, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | R. P. Feight | $12.6m | $12.6m | $3.2m | $229 | $248 | $2.4bn |
| 2024 | — | $17.4m | $19.9m | $4.4m | $212 | $195 | $4.2bn |
| 2023 | — | $20.9m | $27.2m | $5.3m | $192 | $161 | $4.6bn |
| 2022 | — | $13.3m | $15.9m | $3.7m | $124 | $133 | $3.0bn |
| 2021 | — | $12.8m | $10.1m | $3.7m | $106 | $122 | $1.9bn |
The board says pay is tied most to After-TaxReturn onRevenue. Its other key measures: Net Income, After-Tax Return on Revenue, Three-Year Change in Net Income, Return on Sales, Return on Capital, Total Shareholder Return.
Insiders and the CEO's stake
R Preston Feight (CHIEF EXECUTIVE OFFICER) held 17,749.102 shares directly after their latest Form 4 on Sep 2, 2026, roughly $2.2m at that filing's price.
4 insiders sold $7.6m in the last six months and none bought.
- SoldR Preston FeightCHIEF EXECUTIVE OFFICER$6.8mJul 31, 2026
- SoldPaulo Henrique BolgarVice President$388kJul 31, 2026
- SoldBrice J PoplawskiSr. Vice President & CFO$261kJul 31, 2026
- SoldWilliam Lance WaltersVice President$134kJul 31, 2026
Leadership and governance on file
- May 1, 2026Leadership change8-K 5.02
- Jan 16, 2026Leadership change8-K 5.02
- Dec 12, 2025Leadership change8-K 5.02
- Sep 5, 2025Leadership change8-K 5.02
- May 2, 2025Leadership change8-K 5.02
- Apr 2, 2025Leadership change8-K 5.02
- Dec 11, 2024Leadership change8-K 5.02
- May 3, 2024Leadership change8-K 5.02
- Apr 28, 2023Leadership change8-K 5.02
- Apr 21, 2023Leadership change8-K 5.02
- Apr 29, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 1, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.8bn returned to owners in buybacks and dividends, 49% of net income, and $100.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $23.5bn | $28.8bn | $35.1bn | $33.7bn | $28.4bn |
| Net income | $1.9bn | $3.0bn | $4.6bn | $4.2bn | $2.4bn |
| Stock-based pay | $14.7m | $17.1m | $21.2m | $22.9m | $24.1m |
| Buybacks | $1.5m | $2.1m | $3.5m | $4.5m | $36.1m |
| Dividends | $708.0m | $1.0bn | $1.5bn | $2.3bn | $2.3bn |
| Diluted shares | 523m | 523m | 525m | 527m | 527m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.