PACCAR EVP records stock unit conversion, tax shares

PACCAR INC Executive Vice President Kevin D. Baney reported equity award activity and related tax withholding.

Rhea-AI Filing Summary

PACCAR INC Executive Vice President Kevin D. Baney reported equity award activity and related tax withholding. On March 1, he exercised 1,736 stock units (LTIP), converting them into the same number of PACCAR common shares at a stated price of $0.00 per share under the long-term incentive plan.

On March 2, Baney used 684 common shares, valued at $126.09 per share, to satisfy tax obligations tied to vesting restricted shares and restricted stock units, reducing his directly held common shares to 13,644. He also directly holds 8,507 stock units and has multiple stock option positions, plus 5,889.207 common shares held indirectly through the PACCAR Savings Investment Plan.

Insider Trade Summary

1,736 shares exercised/converted

Exercise 10 txns

Insider BANEY KEVIN D

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	684	$126.09	$86K
Exercise	Stock Units (LTIP)	1,736	$0.00	$0.00
Exercise	Common Stock	1,736	$0.00	$0.00
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Units (LTIP) — 8,507 contracts (Direct); Common Stock — 13,644 shares (Direct); Stock Option — 95,801 contracts (Direct); Common Stock — 5,889.207 shares (Indirect, By PACCAR Savings Investment Plan (SIP))

Footnotes (3)

1. F1. Restricted stock units converted to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.
2. F2. Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units.
3. F3. Restricted stock units awarded under PACCAR Long Term Incentive Plan (LTIP) and convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Each award vests in four equal installments commencing on March 1 following the award and January 1 of the next three years.

FAQ

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What insider transactions did PACCAR (PCAR) Executive Vice President Kevin D. Baney report?

Kevin D. Baney reported exercising 1,736 stock units into common shares and using 684 common shares, valued at $126.09 each, to cover tax liabilities from vesting equity awards. He also updated holdings in stock options, stock units, and SIP shares.

How many PACCAR (PCAR) shares did Kevin D. Baney use for tax withholding?

Baney used 684 PACCAR common shares to satisfy tax obligations related to vesting restricted shares and restricted stock units. The shares were valued at $126.09 per share, and this tax-withholding disposition reduced his directly held common stock position reported after the transaction.

What equity awards did PACCAR (PCAR) EVP Baney convert into common stock?

Baney converted 1,736 stock units from the PACCAR Long Term Incentive Plan into 1,736 common shares at a stated price of $0.00 per share. These restricted stock units vest in four equal installments once applicable vesting conditions are met under the plan.

What are Kevin D. Baney’s direct PACCAR (PCAR) common stock holdings after these transactions?

After the reported tax-withholding disposition, Baney directly holds 13,644 PACCAR common shares. In addition, he holds 8,507 stock units and several stock option positions, which are reported as updated holdings rather than new purchases or sales in this Form 4 filing.

Does PACCAR (PCAR) EVP Baney have indirect ownership through a company plan?

Yes. Baney has indirect ownership of 5,889.207 PACCAR common shares through the PACCAR Savings Investment Plan (SIP). These shares are reported as indirectly held, separate from his directly owned common stock, stock units, and stock options disclosed in the Form 4.

Were any of PACCAR (PCAR) EVP Baney’s reported transactions open-market buys or sells?

The filing shows a derivative exercise converting 1,736 stock units to common shares and a tax-withholding disposition of 684 shares at $126.09. These reflect award vesting and tax payments, not open-market buying or selling activity, alongside updated stock option and plan holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/02/2026 - 04:38 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BANEY KEVIN D

(Last) (First) (Middle)

777 - 106TH AVE. N.E.

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACCAR INC [ PCAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		M(1)		1,736	A	$0(1)	14,328	D
Common Stock	03/02/2026		F(2)		684	D	$126.09	13,644	D
Common Stock								5,889.207	I	By PACCAR Savings Investment Plan (SIP)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units (LTIP)	(3)	03/01/2026		M(1)			1,736	(3)	(3)	Common Stock	1,736	(3)	8,507	D
Stock Option	$61.26							01/01/2024	02/02/2031	Common Stock	11,118		11,118	D
Stock Option	$62.8667							01/01/2025	02/07/2032	Common Stock	11,547		11,547	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	10,806		10,806	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	12,742		12,742	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	23,502		23,502	D
Stock Option	$127.35							01/01/2029	02/06/2036	Common Stock	26,086		26,086	D

Explanation of Responses:

1. Restricted stock units converted to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

2. Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units.

3. Restricted stock units awarded under PACCAR Long Term Incentive Plan (LTIP) and convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Each award vests in four equal installments commencing on March 1 following the award and January 1 of the next three years.

	Michael R. Beers, by Power of Attorney	03/02/2026
	** Signature of Reporting Person	Date
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