PACCAR Management

Management criteria checks 3/4

PACCAR's CEO is R. Feight, appointed in Jul 2019, has a tenure of 5.33 years. total yearly compensation is $15.66M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0.036% of the company’s shares, worth $21.59M. The average tenure of the management team and the board of directors is 5.1 years and 12.4 years respectively.

Key information

R. Feight

Chief executive officer

US$15.7m

Total compensation

CEO salary percentage	9.9%
CEO tenure	5.3yrs
CEO ownership	0.04%
Management average tenure	5.1yrs
Board average tenure	12.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has R. Feight's remuneration changed compared to PACCAR's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$5b
Jun 30 2024	n/a	n/a	US$5b
Mar 31 2024	n/a	n/a	US$5b
Dec 31 2023	US$16m	US$2m	US$5b
Sep 30 2023	n/a	n/a	US$4b
Jun 30 2023	n/a	n/a	US$4b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$13m	US$1m	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$13m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$9m	US$1m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$6m	US$940k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$3m	US$540k	US$2b

Compensation vs Market: R.'s total compensation ($USD15.66M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: R.'s compensation has been consistent with company performance over the past year.

CEO

R. Feight (56 yo)

5.3yrs

Tenure

US$15,658,665

Compensation

Mr. R. Preston Feight has been the Chief Executive Officer and Director of PACCAR Inc. since July 1, 2019 and served as its Executive Vice President since September 2018 until July 1, 2019. He serves as Di...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
R. Feight	CEO & Director	5.3yrs	US$15.66m	0.036% $ 21.6m
Harrie C. A. Schippers	President & CFO	7.8yrs	US$6.70m	0.021% $ 12.4m
Darrin Siver	Executive Vice President	7.8yrs	US$4.09m	0.015% $ 9.2m
C. Dozier	Executive Vice President	4.8yrs	US$4.36m	0.0083% $ 5.0m
Mark Pigott	Executive Chairman	30.8yrs	US$2.79m	1.04% $ 623.5m
John Rich	SVP & CTO	3.7yrs	no data	0.00064% $ 385.0k
A. Ley	VP & Chief Information Officer	7.8yrs	no data	no data
Ken Hastings	Senior Director of Investor Relations	no data	no data	no data
Michael Walton	VP & General Counsel	4.3yrs	no data	0.0012% $ 722.0k
Paulo Bolgar	VP & Chief Human Resources Officer	2.4yrs	no data	0.00054% $ 324.9k
Kevin Baney	Senior Vice President	less than a year	no data	no data
Ulrich Kammholz	Treasurer	10.4yrs	no data	no data

5.1yrs

Average Tenure

57.5yo

Average Age

Experienced Management: 0KET's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
R. Feight	CEO & Director	5.3yrs	US$15.66m	0.036% $ 21.6m
Mark Pigott	Executive Chairman	30.8yrs	US$2.79m	1.04% $ 623.5m
Gregory M. Spierkel	Independent Director	16.6yrs	US$335.61k	no data
Roderick McGeary	Independent Director	12.2yrs	US$355.08k	no data
Alison Carnwath	Independent Director	19.1yrs	US$330.08k	no data
Kirk Hachigian	Independent Director	15.9yrs	US$322.05k	no data
Mark Schulz	Independent Lead Director	12.6yrs	US$362.58k	0.0026% $ 1.5m
Cynthia Niekamp	Independent Director	1.6yrs	US$229.56k	0.000030% $ 18.0k
Barbara Hulit	Independent Director	1.6yrs	US$227.98k	no data
John Pigott	Director	15.6yrs	US$295.08k	0.65% $ 391.9m
Ganesh Ramaswamy	Independent Director	3.6yrs	US$310.08k	no data
Luiz Antonio dos Pretti	Director	less than a year	no data	no data

12.4yrs

Average Tenure

64yo

Average Age

Experienced Board: 0KET's board of directors are seasoned and experienced ( 12.4 years average tenure).

PACCAR Management

Management criteria checks 3/4

Key information

Recent management updates

PACCAR Inc, Annual General Meeting, Apr 30, 2024

Insider recently sold US$183k worth of stock

Insufficient new directors

Insufficient new directors

Independent Director recently sold US$2.7m worth of stock

PACCAR Announces Executive Changes

Recent updates

Upcoming dividend of US$0.30 per share

Black Phoenix Group LLC (BPG) acquired Paccar Winch Inc from PACCAR Inc (NasdaqGS:PCAR).

New minor risk - Financial position

Third quarter 2024 earnings released: EPS: US$1.85 (vs US$2.34 in 3Q 2023)

Now 20% undervalued after recent price drop

Dividend of US$0.30 announced

Upcoming dividend of US$0.30 per share

Second quarter 2024 earnings released: EPS: US$2.14 (vs US$2.33 in 2Q 2023)

Now 23% undervalued after recent price drop

Dividend of US$0.30 announced

PACCAR Declares Regular Quarterly Cash Dividend, Payable on September 5, 2024

Now 21% undervalued after recent price drop

Dividend of US$0.30 announced

First quarter 2024 earnings released: EPS: US$2.28 (vs US$1.40 in 1Q 2023)

PACCAR Inc. Increases Regular Quarterly Dividend, Payable on June 5, 2024

Now 21% overvalued after recent price rise

PACCAR Inc, Annual General Meeting, Apr 30, 2024

Full year 2023 earnings released: EPS: US$8.78 (vs US$5.76 in FY 2022)

Upcoming dividend of US$0.27 per share at 4.1% yield

Full year 2023 earnings released: EPS: US$8.78 (vs US$5.76 in FY 2022)

PACCAR Highlights Heavy-Duty Innovation at CES 2024 with the Truck Industry's Most Advanced Technologies

Paccar Inc Declares Regular Quarterly Cash Dividend, Payable on March 6, 2024

Upcoming dividend of US$0.27 per share at 3.4% yield

Procede Software Adds Key Functionality to Comprehensive Set of PACCAR Integrations with Three New Releases

Third quarter 2023 earnings released: EPS: US$2.34 (vs US$1.47 in 3Q 2022)

New major risk - Revenue and earnings growth

PACCAR Inc. Declares Regular Quarterly Cash Dividend, Payable on December 6, 2023

Upcoming dividend of US$0.27 per share at 3.4% yield

Paccar Inc. Declares Quarterly Dividend, Payable on September 7, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$2.33 (vs US$1.38 in 2Q 2022)

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.25 per share at 3.9% yield

Insider recently sold US$183k worth of stock

First quarter 2023 earnings released: EPS: US$1.40 (vs US$1.15 in 1Q 2022)

Full year 2022 earnings released: EPS: US$5.76 (vs US$3.58 in FY 2021)

Upcoming dividend of US$0.25 per share at 3.9% yield

Full year 2022 earnings released: EPS: US$8.64 (vs US$5.33 in FY 2021)

PACCAR Inc to Report Q4, 2022 Results on Jan 24, 2023

Paccar Inc Increases Quarterly Cash Dividend, Payable on March 8, 2023

Insufficient new directors

Upcoming dividend of US$0.37 per share

Third quarter 2022 earnings released: EPS: US$2.21 (vs US$1.09 in 3Q 2021)

PACCAR Inc Approves Quarterly Cash Dividend, Payable on December 6, 2022

PACCAR Inc Increases Regular Quarterly Dividend, Payable on December 6, 2022

Upcoming dividend of US$0.34 per share

Insufficient new directors

Second quarter 2022 earnings released: EPS: US$2.07 (vs US$1.42 in 2Q 2021)

PACCAR Inc Declares Regular Quarterly Cash Dividend, Payable on September 7, 2022

PACCAR Inc Declares Regular Quarterly Cash Dividend, Payable on September 7, 2022

Upcoming dividend of US$0.34 per share

First quarter 2022 earnings released: EPS: US$1.72 (vs US$1.35 in 1Q 2021)

PACCAR Inc Declares Regular Quarterly Cash Dividend, Payable on June 1, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.34 per share

Independent Director recently sold US$2.7m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

PACCAR Inc Announces Extra Cash Dividend, Payable on January 5, 2022

Upcoming dividend of US$0.34 per share

Third quarter 2021 earnings released: EPS US$1.12 (vs US$1.11 in 3Q 2020)

Upcoming dividend of US$0.34 per share

Second quarter 2021 earnings released: EPS US$1.42 (vs US$0.43 in 2Q 2020)

PACCAR Inc(NasdaqGS:PCAR) dropped from Russell 1000 Dynamic Index

Independent Director has left the company

PACCAR Increases Regular Quarterly Cash Dividend, Payable on June 2, 2021

First quarter 2021 earnings released: EPS US$1.35 (vs US$1.04 in 1Q 2020)

PACCAR Announces Executive Changes

Full year 2020 earnings released: EPS US$3.74 (vs US$6.88 in FY 2019)

Revenue misses expectations