Poplawski Brice J 4

What Happened

• Brice J. Poplawski, PACCAR Sr. Vice President & Chief Financial Officer, exercised options for 2,200 shares (strike $71.95) on 2026-02-02, paying $158,290, and sold those 2,200 shares in an open-market transaction at $123.99 for $272,778. The transactions appear to be a cashless exercise followed by an immediate sale, producing a pre-tax difference of about $114,488.

Key Details

• Transaction date: 2026-02-02
• Exercise: 2,200 shares @ $71.95 = $158,290 (code M)
• Sale: 2,200 shares @ $123.99 = $272,778 (code S; derivative disposition also reported at $123.99)
• Shares owned after transaction: not specified in this filing
• Footnote: F1 — Restricted stock units held in a deferred phantom stock account under the LTIP convert one-for-one to common stock upon vesting.
• Filing timing: Reported on 2026-02-02 (same date as transactions); no late filing is indicated in this record.

Context

• This is an option exercise with an immediate sale (a common cashless exercise pattern used to cover strike price and taxes). Such routine exercises and sales are administrative and do not by themselves indicate management’s long-term view of the stock.