Paccar Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect twelve director nominees named in the proxy to serve one-year terms expiring at the 2027 Annual Meeting.

2. 2

   Advisory Resolution to Approve Executive Compensation ("Say on Pay

   ManagementBoard: FOR

   Non-binding advisory vote to approve the compensation of the Named Executive Officers as disclosed in the CD&A, compensation tables and narrative.

   More detail

   This proposal requests a non-binding, advisory approval of the Company’s executive compensation as described in the Compensation Discussion and Analysis (CD&A) and related tables. Management seeks shareholder endorsement to validate its pay-for-performance framework, which the Company states consists of substantial incentive-based pay (approximately 68% of target compensation) and long-term metrics measured against peer companies (three-year change in net income, return on sales, return on capital and total shareholder return). The advisory vote is not binding legally but serves as a key feedback mechanism for the Compensation Committee when setting future pay practices; management highlights that prior year Say on Pay received over 93% support. The Company emphasizes governance features such as stock ownership guidelines, equity vesting schedules, prohibition on hedging and pledging by executives, clawback policies beyond minimum regulatory requirements, and the absence of employment contracts or severance arrangements for named executives. Approving the resolution signals shareholder support for the Committee’s mix of annual and long-term incentives and its use of peer-relative performance metrics; rejecting it would likely prompt the Committee to re-engage with investors and could lead to changes in plan design or disclosure. The Committee also notes that restricted stock/RSUs and options vest over multi-year schedules and that LTIP payouts are subject to funding limits and rigorous peer benchmarking, which management argues aligns executives’ incentives with long-term shareholder value. Given the Company’s historical performance versus peers and prior high shareholder support, the Board presents this proposal as consistent with conservative compensation practices and long-term alignment, while acknowledging the advisory nature of the vote and that shareholder feedback will be considered in future compensation decisions.

3. 3

   Advisory Vote on the Ratification of Independent Auditors

   ManagementBoard: FOR

   Advisory vote to ratify Ernst & Young LLP (EY) as the Company’s independent registered public accounting firm for 2026 and to approve the audit fees and related engagement.

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When is the Paccar Inc 2026 annual meeting?

Paccar Inc (PCAR) holds its 2026 annual shareholder meeting on Tuesday, April 28, 2026.

What is the record date for the Paccar Inc 2026 meeting?

The record date for the Paccar Inc 2026 meeting is Tuesday, March 3, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Paccar Inc's 2026 meeting?

The board is presenting 12 director nominees at the Paccar Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Paccar Inc 2026 meeting?

Shareholders will vote on 3 proposals at the Paccar Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.