PACCAR (NASDAQ: PCAR) EVP Dozier exercises stock units, withholds shares

Rhea-AI Filing Summary

PACCAR INC executive vice president C. Michael Dozier reported equity award activity involving company stock. On March 1, 2026, he acquired 1,794 shares of common stock at $0.00 per share through the exercise and conversion of 1,794 stock units granted under the long-term incentive plan, on a one-for-one basis after vesting conditions were met.

On March 2, 2026, 706 common shares at $126.09 per share were disposed of to cover tax liabilities related to the vesting of restricted shares and/or restricted stock units. After these transactions, he directly held 35,744 common shares and 11,134 stock units, and indirectly held 20,172.896 common shares through the PACCAR Savings Investment Plan.

Insider Trade Summary

1,794 shares exercised/converted

Mixed 7 txns

Insider DOZIER C MICHAEL

Role EXECUTIVE VICE PRESIDENT

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	706	$126.09	$89K
Exercise	Stock Units (LTIP)	1,794	$0.00	--
Exercise	Common Stock	1,794	$0.00	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 35,744 shares (Direct); Stock Units (LTIP) — 11,134 shares (Direct); Stock Option — 28,610 shares (Direct); Common Stock — 20,172.896 shares (Indirect, By PACCAR Savings Investment Plan (SIP))

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

DOZIER C MICHAEL

(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)		1,794	A	$0(1)	36,450	D
Common Stock	03/02/2026		F(2)		706	D	$126.09	35,744	D
Common Stock								20,172.896	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)			1,794	(3)	(3)	Common Stock	1,794	(3)	11,134	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	28,610		28,610	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	25,460		25,460	D
Stock Option	$127.35							01/01/2029	02/06/2036	Common Stock	24,782		24,782	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) executive C. Michael Dozier report?

C. Michael Dozier reported exercising 1,794 stock units into PACCAR common shares and disposing of 706 shares for tax withholding. These actions stemmed from vesting long-term incentive awards rather than open-market buying or selling activity.

How many PACCAR shares did Michael Dozier acquire in this Form 4 filing?

Dozier acquired 1,794 PACCAR common shares through the exercise and conversion of 1,794 stock units at $0.00 per share. These units came from PACCAR’s Long Term Incentive Plan and converted one-for-one into common stock after vesting requirements were satisfied.

Why were 706 PACCAR shares disposed of in Michael Dozier’s Form 4?

The 706 PACCAR shares were withheld to pay tax liabilities tied to the vesting of restricted shares and restricted stock units. This tax-withholding disposition is an administrative step and does not represent an open-market sale initiated for portfolio reasons.

What are Michael Dozier’s PACCAR share holdings after these transactions?

Following the reported transactions, Dozier directly held 35,744 PACCAR common shares and 11,134 stock units. He also indirectly held 20,172.896 PACCAR common shares through the PACCAR Savings Investment Plan, reflecting both long-term awards and retirement-related holdings.

What is the role of PACCAR’s Long Term Incentive Plan (LTIP) in these transactions?

The LTIP granted restricted stock units to Dozier that convert into PACCAR common stock on a one-for-one basis after vesting. Each award vests in four equal installments, beginning March 1 after the grant, then on January 1 in the following three years.

At what price were the 706 PACCAR shares withheld for taxes?

The 706 shares used for tax withholding were valued at a transaction price of $126.09 per share. This price is used to determine the number of shares needed to satisfy income tax obligations from vested equity awards.