PACCAR VP exercises options, sells 12,183 shares

PACCAR Inc. vice president Paulo Henrique Bolgar reported an option exercise and share sale in PACCAR common stock.

Rhea-AI Filing Summary

PACCAR Inc. vice president Paulo Henrique Bolgar reported an option exercise and share sale in PACCAR common stock. On January 30, 2026, he exercised a stock option for 12,183 shares at an exercise price of $54.6133 per share, acquiring the same number of common shares.

That same day, he sold 12,183 shares of common stock in an open-market transaction at a weighted average price of $122.4267 per share, leaving 6,274 shares held directly and 773.78 shares held indirectly through the PACCAR Savings Investment Plan. He also continues to hold stock options for 11,374, 8,294, and 9,792 underlying shares, plus 2,375 stock units under the Long Term Incentive Plan, each unit convertible into one common share upon vesting.

Insider Trade Summary

Exercise and Sale: 12,183 shares ($826K approx. pre-tax spread)

Exercise and Sale 8 txns

Insider Bolgar Paulo Henrique

Role Vice President

Sold 12,183 shs ($1.49M)

Approx. gross sale proceeds $1.49M

Approx. exercise cost $665K

Approx. pre-tax spread $826K

Type	Security	Shares	Price	Value
Exercise	Stock Option	12,183	$122.4267	$1.49M
Exercise	Common Stock	12,183	$54.6133	$665K
Sale	Common Stock	12,183	$122.4267	$1.49M
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Units (LTIP)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 29,460 contracts (Direct); Common Stock — 6,274 shares (Direct); Stock Units (LTIP) — 2,375 contracts (Direct); Common Stock — 773.78 shares (Indirect, By PACCAR Savings Investment Plan (SIP))

Footnotes (2)

1. F1. The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 121.2700 to 123.1900 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
2. F2. 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.

FAQ

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What insider transaction did PACCAR (PCAR) report for January 30, 2026?

PACCAR reported that vice president Paulo Henrique Bolgar exercised options for 12,183 shares at $54.6133 and sold 12,183 common shares at a weighted average $122.4267. After these trades, he continued to hold direct, indirect, and derivative interests in PACCAR equity.

How many PACCAR shares does Paulo Henrique Bolgar hold after this Form 4?

After the reported transactions, Paulo Henrique Bolgar directly holds 6,274 PACCAR common shares and 773.78 shares indirectly via the PACCAR Savings Investment Plan. He also holds several stock option grants and 2,375 stock units that provide additional potential future equity exposure.

What stock options does Paulo Henrique Bolgar still hold in PACCAR (PCAR)?

Following the January 30, 2026 option exercise, Bolgar holds options over 11,374, 8,294, and 9,792 PACCAR shares with exercise prices of $71.95, $104.16, and $109.13. These options have future exercisability dates ranging from January 1, 2026 through January 1, 2028.

At what prices did the PACCAR insider transactions occur on January 30, 2026?

Bolgar exercised stock options at an exercise price of $54.6133 per share and sold 12,183 PACCAR common shares at a weighted average price of $122.4267. Individual sale prices ranged from $121.2700 to $123.1900 per share across multiple transactions that day.

What are the PACCAR Long Term Incentive Plan stock units held by Bolgar?

Bolgar holds 2,375 stock units under the PACCAR Long Term Incentive Plan. These are restricted stock units in a deferred phantom stock account that are convertible into PACCAR common stock on a one-for-one basis once all applicable vesting conditions are satisfied.

Is the PACCAR vice president’s January 2026 transaction a planned option exercise?

The Form 4 shows a stock option with an exercise price of $54.6133, exercisable January 1, 2025 and expiring June 20, 2032, that was exercised for 12,183 shares on January 30, 2026. The filing does not state any trading plan but clearly identifies the option exercise details.

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Accepted by SEC EDGAR 02/02/2026 - 06:37 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
Estimated average burden
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^*

Bolgar Paulo Henrique

(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)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026		M		12,183	A	$54.6133	18,457	D
Common Stock	01/30/2026		S		12,183	D	$122.4267(1)	6,274	D
Common Stock								773.78	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	$54.6133	01/30/2026		M			12,183	01/01/2025	06/20/2032	Common Stock	12,183	$122.4267(1)	0.0000	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	11,374		11,374	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	8,294		8,294	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	9,792		9,792	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	2,375		2,375	D

Explanation of Responses:

1. The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 121.2700 to 123.1900 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

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.

	Michael R. Beers, by Power of Attorney	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.