PACCAR Inc disclosed LTIP Cash Awards for 2023-2025 cycle to Named Executive Officers, updated CEO pay ratio at 198:1 for 2025, and reported stockholder meeting results including director elections on April 28, 2026.
Key takeaways
Compensation Committee approved LTIP Cash Awards on April 27, 2026, for 2023-2025 cycle, increasing CEO R. P. Feight total compensation to $19,453,009.
2025 CEO pay ratio is 198:1, with CEO compensation at $19,453,009 and median employee at $98,350.
All 12 director nominees elected at annual meeting with majority 'For' votes, ranging from 81% to 99% support excluding broker non-votes.
Advisory vote on executive compensation passed with majority of shares outstanding (432M For vs 25.8M Against).
Ratification of independent auditors approved by majority of shares present (459M For vs 22M Against).