AI English summary of an SEC filing — figures as filed
PACCAR PCARPACCAR said its Compensation Committee approved Long Term Performance Cash Awards under the Long Term Incentive Plan for the 2022-2024 cycle for the Named Executive Officers on April 28, 2025. As a result, the total compensation in the Summary Compensation Table was recalculated.
Key points
AI summaryPACCAR said its Compensation Committee approved Long Term Performance Cash Awards under the Long Term Incentive Plan for the 2022-2024 cycle for the Named Executive Officers on April 28, 2025. As a result, the total compensation in the Summary Compensation Table was recalculated.
The company disclosed that R. P. Feight's LTIP Cash Award was $5,180,000 and that his total compensation, recalculated to include it, was $17,364,223. In the same table, H. C. Schippers was shown with $1,714,900 and total compensation of $6,769,242.
PACCAR said its median employee's annual total compensation for 2024 was $91,985 and its Chief Executive Officer's annual total compensation was $17,364,223, with a ratio of 189 to 1. It said the median employee is the same employee identified in 2023, and Mr. Feight was excluded from the median employee calculation.
PACCAR said all director nominees were elected at its annual meeting on April 29, 2025 to terms expiring in 2026, and the advisory resolution on executive compensation passed with 430,942,525 votes in favor. The stockholder proposal on golden parachutes did not receive a majority of the shares present, with 145,604,574 votes in favor and 311,616,163 against.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
PACCAR approves 2022-2024 LTIP Cash Awards
PACCAR said its Compensation Committee approved Long Term Performance Cash Awards under the Long Term Incentive Plan for the 2022-2024 cycle for the Named Executive Officers on April 28, 2025. As a result, the total compensation in the Summary Compensation Table was recalculated.
Source · Based on the filing body and exhibits
Total compensation for R. P. Feight including LTIP Cash Award
The company disclosed that R. P. Feight's LTIP Cash Award was $5,180,000 and that his total compensation, recalculated to include it, was $17,364,223. In the same table, H. C. Schippers was shown with $1,714,900 and total compensation of $6,769,242.
Source · Based on the filing body and exhibits
CEO pay ratio of 189 to 1
PACCAR said its median employee's annual total compensation for 2024 was $91,985 and its Chief Executive Officer's annual total compensation was $17,364,223, with a ratio of 189 to 1. It said the median employee is the same employee identified in 2023, and Mr. Feight was excluded from the median employee calculation.
Source · Based on the filing body and exhibits
Annual meeting vote results on April 29, 2025
PACCAR said all director nominees were elected at its annual meeting on April 29, 2025 to terms expiring in 2026, and the advisory resolution on executive compensation passed with 430,942,525 votes in favor. The stockholder proposal on golden parachutes did not receive a majority of the shares present, with 145,604,574 votes in favor and 311,616,163 against.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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