PACCAR (NASDAQ: PCAR) CFO manages RSU vesting and tax share withholding

Rhea-AI Filing Summary

PACCAR Sr. Vice President & CFO Brice J. Poplawski reported equity award activity and related tax withholding. On March 1, he exercised 646 Stock Units (LTIP), converting them into 646 shares of common stock at a stated price of $0.0000 per share, reflecting a restricted stock unit conversion rather than an open-market purchase. On March 2, 158 common shares valued at $126.0900 per share were disposed to cover tax liabilities tied to vesting, a non-open-market transaction described as payment of tax liability by delivering shares. Following these transactions, he directly held 1,391 common shares and 3,174 LTIP stock units, with additional indirect common stock held 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^*

Poplawski Brice J

(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)
	Sr. Vice President & CFO

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)		646	A	$0(1)	1,549	D
Common Stock	03/02/2026		F(2)		158	D	$126.09	1,391	D
Common Stock								18,193.216	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)			646	(3)	(3)	Common Stock	646	(3)	3,174	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	1,970		1,970	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	6,318		6,318	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	8,012		8,012	D
Stock Option	$127.35							01/01/2029	02/06/2036	Common Stock	11,086		11,086	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
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).
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FAQ

What insider transactions did PACCAR (PCAR) CFO Brice Poplawski report?

Brice Poplawski reported restricted stock unit conversions and tax withholding transactions. He converted 646 LTIP stock units into 646 common shares, then disposed of 158 common shares at $126.0900 per share to cover tax liabilities associated with equity vesting.

Was the PACCAR (PCAR) CFO’s Form 4 transaction an open-market stock sale?

The filing shows no open-market sale. The 158-share disposition at $126.0900 per share is labeled as payment of tax liability by delivering shares, tied to restricted shares and/or restricted stock units vesting, rather than a discretionary sale.

How many PACCAR shares did the CFO acquire through equity awards on this Form 4?

The CFO acquired 646 common shares through the conversion of 646 LTIP stock units. Footnotes explain these are restricted stock units converting one-for-one into common stock upon satisfaction of vesting conditions under the PACCAR Long Term Incentive Plan.

What are PACCAR LTIP restricted stock units mentioned in the Form 4?

The LTIP restricted stock units are awards under the PACCAR Long Term Incentive Plan. Each unit converts into one common share once vesting conditions are met. Footnotes note awards typically vest in four equal installments over several years.

How many PACCAR shares does the CFO hold after these reported transactions?

After these transactions, the CFO directly held 1,391 shares of common stock and 3,174 LTIP stock units. The filing also lists indirect ownership of additional common stock through the PACCAR Savings Investment Plan (SIP).

What does transaction code F mean in the PACCAR CFO’s Form 4?

Transaction code F indicates a payment of tax liability by delivering securities. In this case, 158 common shares were withheld at $126.0900 per share to satisfy taxes due upon vesting of restricted shares and/or restricted stock units.