PACCAR Inc (PCAR) EVP Kevin Baney awarded new options and LTIP stock units

Rhea-AI Filing Summary

PACCAR Inc Executive Vice President Kevin D. Baney reported new equity awards and updated holdings. On February 6, 2026, he received a stock option for 26,086 shares of common stock at an exercise price of $127.35, exercisable beginning January 1, 2029 and expiring February 6, 2036, under the PACCAR Long Term Incentive Plan (LTIP).

He was also awarded 6,944 LTIP stock units, each convertible into one share of common stock upon vesting, bringing his total LTIP stock units to 10,243. These units vest in four equal installments starting March 1 following the award and on January 1 of the next three years. Following the reported transactions, Baney beneficially owns 12,592 shares of PACCAR common stock directly and 5,889.207 shares indirectly through the PACCAR Savings Investment Plan.

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

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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)
02/06/2026

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								12,592	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 Option	$127.35	02/06/2026		A(1)		26,086		01/01/2029	02/06/2036	Common Stock	26,086	(1)	26,086	D
Stock Units (LTIP)	(2)	02/06/2026		A(3)		6,944		(2)	(2)	Common Stock	6,944	$127.35	10,243	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

Explanation of Responses:

1. Option to buy awarded under PACCAR Long Term Incentive Plan (LTIP).

2. Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

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	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did PACCAR (PCAR) executive Kevin D. Baney report?

Kevin D. Baney reported new equity awards and updated holdings. He received a 26,086-share stock option and 6,944 stock units under PACCAR’s Long Term Incentive Plan, and disclosed his direct and plan-based common stock ownership positions.

How many PACCAR stock options did Kevin D. Baney receive in this Form 4?

Baney received a stock option covering 26,086 shares of PACCAR common stock at a $127.35 exercise price. The option is exercisable starting January 1, 2029 and expires February 6, 2036, and was granted under the PACCAR Long Term Incentive Plan.

What PACCAR LTIP stock units were reported for Kevin D. Baney on February 6, 2026?

He was awarded 6,944 stock units under the PACCAR Long Term Incentive Plan. Each unit is convertible into one share of common stock upon vesting, bringing his total LTIP stock units to 10,243 as of the reported transaction date.

What is the vesting schedule for Kevin D. Baney’s new PACCAR LTIP stock units?

The restricted stock units vest in four equal installments. Vesting begins on March 1 following the award date, then continues on January 1 of each of the next three years, subject to satisfaction of the plan’s applicable vesting conditions.

How many PACCAR common shares does Kevin D. Baney beneficially own after this filing?

After the reported transactions, Baney beneficially owns 12,592 PACCAR common shares directly. He also holds 5,889.207 additional common shares indirectly through the PACCAR Savings Investment Plan, as disclosed in the Form 4 filing.

What existing PACCAR stock option grants does Kevin D. Baney hold?

The filing lists multiple outstanding stock option grants with varying exercise prices and terms. These include options with exercise prices such as $61.26, $62.8667, $71.95, $104.16, and $109.13, each tied to specific future exercisability and expiration dates.

What does the PACCAR Long Term Incentive Plan (LTIP) provide to Kevin D. Baney?

The LTIP provides both stock options and restricted stock units. Options allow him to buy PACCAR shares at fixed exercise prices, while restricted stock units convert into common stock on a one-for-one basis after all vesting conditions are satisfied under the plan.