R. Preston Feight is the CEO of PACCAR Inc, a top company in the commercial vehicle industry known for brands like Kenworth and Peterbilt. He took the CEO role in July 2019 after spending over 21 years at PACCAR in...

R. Preston Feight is the CEO of PACCAR Inc, a top company in the commercial vehicle industry known for brands like Kenworth and Peterbilt. He took the CEO role in July 2019 after spending over 21 years at PACCAR in various key positions, including President of DAF Trucks. His leadership is directly linked to the company's performance philosophy, which rewards executives based on hitting financial goals, particularly net income. This has led to his total compensation exceeding $20 million in 2023, a significant jump due to bonuses for outstanding results. Feight studied mechanical engineering, earning a B.S. from Northern Arizona University and an M.S. in Engineering Management from the University of Colorado. He’s known for his practical management style and focus on results, driving PACCAR’s strong performance since he stepped into the top role.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Paccar CEOs

P

R. Preston Feight

CEO of Paccar

Education

B.S. in Mechanical Engineering from Northern Arizona University; M.S. in Engineering Management from the University of Colorado

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

November 30, 1967 - 57 years ago

CEO of Paccar for

5 years 9 months (Jul 2019 - Present)

Previous Experience

21 years with PACCAR in leadership roles including President of DAF Trucks, Vice President and General Manager of Kenworth Truck Company.

Rivals

Competitors/colleagues of R. Preston Feight

G

Mary T. Barra

CEO of General Motors

2023 Compensation

Stock

$18.22M

Salary

$2.10M

Bonus

$4.20M

Other

$567.98K

Total Holdings

$56.23M

C

Jennifer Rumsey

CEO of Cummins

2023 Compensation

Stock

$2.58M

Salary

$1.50M

Bonus

$2.23M

Other

$583.16K

Total Holdings

$13.09M

W

Rafael O. Santana

CEO of Wabtec

2023 Compensation

Stock

$9.30M

Salary

$1.33M

Bonus

$3.49M

Other

$27.88K

Total Holdings

$23.13M

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

O

John C. Pfeifer

CEO of Oshkosh

2023 Compensation

Stock

$3.37M

Salary

$1.09M

Bonus

$0.00

Other

$123.82K

Total Holdings

$7.96M

I

E. Scott Santi

CEO of Illinois Tool Works

2022 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$0.00

Other

$0.00

Total Holdings

$70.26M

Holdings

See how much did R. Preston Feight make over time.

As of now, R. Preston Feight holds about 352,858 shares of PACCAR Inc, showing a strong personal investment in the company he leads. His holdings include stock options that are set to vest in the coming years, which align his...

As of now, R. Preston Feight holds about 352,858 shares of PACCAR Inc, showing a strong personal investment in the company he leads. His holdings include stock options that are set to vest in the coming years, which align his financial interests with the business performance of PACCAR. This means his wealth is closely tied to the company’s success, with fluctuations in stock value impacting his net worth. In the years prior, there have been notable changes in his holdings; for instance, when he first became CEO, his stock holdings were substantially lower. His stock investment showcases confidence in PACCAR’s future and adds a layer of accountability to his leadership.

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Total Stock Sold

$27.60M

PCAR

$27.60M

333,848 PCAR shares

What if they kept their stock?

If R. Preston Feight didn't sell their stock, today they would have:
Extra PCAR333,848 shares worth $14.45M.
This is -47.64% and $13.15M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of R. Preston Feight.

PCAR

$2.80M

PCAR at $110.98/share

Jan 31, 2025

Sale

PCAR

$2.75M

PCAR at $98.70/share

Jul 31, 2024

Sale

PCAR

$3.59M

PCAR at $106.18/share

May 7, 2024

Sale

PCAR

$2.82M

PCAR at $103.17/share

Feb 2, 2024

Sale

PCAR

$4.81M

PCAR at $85.96/share

Aug 2, 2023

Sale

PCAR

$4.82M

PCAR at $86.07/share

Aug 1, 2023

Sale

PCAR

$3.38M

PCAR at $72.64/share

May 8, 2023

Sale

PCAR

225 shares

PCAR

Dec 6, 2022

Inheritance

PCAR

$1.33M

PCAR at $95.77/share

Oct 28, 2022

Sale

PCAR

$1.77M

PCAR at $94.62/share

Feb 1, 2022

Sale

Compensation History

See how much did R. Preston Feight make over time.

In 2023, R. Preston Feight's total compensation reached over $20 million, primarily through a base salary of around $1.5 million and a performance bonus of nearly $3.5 million. This significant bonus reflects PACCAR's strong profit performance, as it’s based on the company's net income and hitting key financial targets. Interestingly, despite such a high compensation package, Feight does not have a formal employment contract or a golden parachute, which could provide payouts if he were to leave the company. His compensation structure emphasizes PACCAR's philosophy of pay for performance, linking his lucrative earnings to the overall success of the company, making it clear that he shares the same goals as the shareholders.

Year

2023

Total Compensation

$5.05M

Salary

$1.54M

Board Justification

PACCAR's compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's financial performance and shareholder returns.

Bonus

$3.49M

Board Justification

The bonus is based on the company's net income performance, with an overall payment of 180% of target due to exceeding net income goals.

Other

$21.36K

Board Justification

This includes company matching contributions to the 401(k) plan and other minor benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the stock awards are granted based on performance metrics and are not included in this year's compensation.

Performance Metrics

The primary performance metric for the CEO's compensation is the company's net income.

Other Paccar CEOs

Here are other CEOs of Paccar

Ronald E. Armstrong

Ex-CEO of Paccar

April 2014 - June 2019