PACCAR (PCAR) counsel reports RSU conversion and tax share disposal
Rhea-AI Filing Summary
PACCAR INC vice president and general counsel Michael K. Walton reported equity award activity and related tax withholding. On March 1, 2026, 490 Stock Units (LTIP) were converted to the same number of PACCAR common shares at a stated price of $0.00 per share, reflecting a derivative exercise upon vesting of restricted stock units under the Long Term Incentive Plan.
Those 490 newly issued common shares are shown as acquired, increasing his directly held common stock to 3,005 shares before tax withholding. On March 2, 2026, 120 common shares were disposed of at $126.09 per share to cover tax liabilities tied to the vesting of restricted awards, leaving 2,885 common shares held directly afterward. Additional line items update holdings in stock options and deferred compensation and savings plans, which are convertible to common stock on a one-for-one basis upon meeting plan conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 120 | $126.09 | $15K |
| Exercise | Stock Units (LTIP) | 490 | $0.00 | -- |
| Exercise | Common Stock | 490 | $0.00 | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Option | -- | -- | -- |
| holding | Stock Units (DCP) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units converted to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units. 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. Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable conditions.
