Bolgar Paulo Henrique 4

What Happened

• Paulo Henrique Bolgar, Vice President of PACCAR (PCAR), exercised stock derivatives and sold the resulting 12,183 shares on January 30, 2026. He paid $54.61 per share to acquire the shares (total cost $665,354) and sold them at a weighted average price of $122.43 per share for gross proceeds of $1,491,524 (net roughly $826,170 before taxes/fees). The filing shows both the exercise (transaction code M) and the open-market sale (transaction code S).

Key Details

• Transaction date: January 30, 2026.
• Exercise: 12,183 shares acquired at $54.61 each — total cost $665,354 (code M).
• Sale: 12,183 shares disposed at weighted avg $122.43 each — proceeds $1,491,524 (code S).
• Sale price range: $121.27–$123.19 per share (weighted average reported; filing offers to provide per-price breakdown on request) [Footnote F1].
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: February 2, 2026 (covers Jan 30 transactions); the report shows the transactions and disclosures but does not indicate a late-file notice in the excerpt.
• Relevant holding detail: the filer has restricted stock units in a deferred phantom stock account under the LTIP that convert one-for-one to common shares upon vesting [Footnote F2].

Context

• This was effectively a cashless exercise: options were exercised (paying the strike) and the resulting shares were sold immediately in the open market. That sequence (exercise + immediate sale) is common for executives monetizing vested option value; it records both the derivative conversion and the sale of the acquired shares.
• Transaction codes: M = exercise/conversion of derivative; S = sale of securities. This activity represents a sale of shares, not a fresh purchase, and should be interpreted as a liquidity event rather than an explicit statement of future company outlook.