Bloch Laura J 4

What Happened

• Laura J. Bloch, Senior Vice President of PACCAR Inc. (PCAR), exercised/converted 6,588 derivative units and sold the resulting 6,588 shares on 2026-02-02.
• The conversion/exercise transaction shows an acquisition value of $61.26 per share (total $403,581). The shares were sold in the open market at a weighted average price of $123.57 per share for total proceeds of $814,088. The sale prices ranged from $123.46 to $123.65.
• The transactions indicate an immediate sale of the shares after exercise (a cashless/close-timed conversion and sale), rather than a long-term hold.

Key Details

• Transaction date: 2026-02-02.
• Exercise/conversion: 6,588 shares at $61.26 (amount shown $403,581).
• Open-market sale: 6,588 shares at weighted avg $123.57 (proceeds $814,088); sale price range $123.46–$123.65 (footnote F1).
• Footnote F2: The converted derivative units were restricted stock units held in a deferred phantom stock account under the company’s Long Term Incentive Plan (LTIP), convertible one-for-one to common stock upon vesting.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Reported on 2026-02-02 for a 2026-02-02 transaction (no late filing indicated).

Context

• Because the conversion/exercise and sale occurred the same day, this is effectively a cashless exercise/conversion with immediate disposition — a common way for insiders to realize value from vested awards.
• The filing is factual and does not state any motive. For follow-up details (e.g., exact number of shares sold at each price within the reported range), the filer notes they will provide that info to the issuer or SEC staff upon request (footnote F1).