FEIGHT R PRESTON 4
4 · PACCAR INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
PACCAR CEO Feight R. Preston Exercises Options, Sells Shares
What Happened Feight R. Preston, CEO of PACCAR (PCAR), exercised stock option/derivative awards and immediately sold the resulting shares on three days. On Jan 30, Feb 2 and Feb 3, 2026 he exercised 9,258 shares each day at $62.87 per share (cost $582,020 per exercise) and sold those same 9,258 shares each day at weighted-average prices of $122.39, $123.65 and $127.44, respectively. Total shares exercised and sold: 27,774; total gross proceeds from the sales: approximately $3,457,668. These transactions are effectively cashless exercises (exercise followed by immediate open-market sale).
Key Details
- Dates and transactions:
- 2026-01-30: Exercised 9,258 shares @ $62.87 (acquired, $582,020); sold 9,258 shares @ weighted avg $122.39 (proceeds $1,133,108). (Footnote F1: sale prices ranged $121.19–$123.17.)
- 2026-02-02: Exercised 9,258 shares @ $62.87 (acquired, $582,020); sold 9,258 shares @ weighted avg $123.65 (proceeds $1,144,747). (F2: range $122.13–$124.63.)
- 2026-02-03: Exercised 9,258 shares @ $62.87 (acquired, $582,020); sold 9,258 shares @ weighted avg $127.44 (proceeds $1,179,813). (F3: range $125.10–$128.32.)
- Total exercised: 27,774 shares; total cash paid for exercises: $1,746,060; total sale proceeds: ~$3.46M.
- Shares owned after the transactions: not specified in the provided excerpt — see full Form 4 for ending holdings.
- Footnote F4 notes certain restricted stock units (RSUs) are in a deferred phantom stock account under the LTIP and convert 1:1 to common stock when vesting conditions are met.
- Transaction codes: M = exercise/conversion of derivative; S = open-market sale. Filing appears timely (Form 4 filed 2026-02-03 covering transactions through 2026-02-03).
Context
- Because the exercises were followed by immediate sales, these are cashless exercises rather than outright purchases intended to increase a long-term stake. Sales like these are commonly used to cover option exercise costs and taxes or to monetize vested awards; they do not by themselves indicate CEO sentiment about the company’s prospects.
- For a full view of post-transaction ownership and any additional context (e.g., whether sales were to cover tax withholding), consult the complete Form 4 filing.
Insider Transaction Report
Form 4
PACCAR INCPCAR
FEIGHT R PRESTON
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Exercise/Conversion
Common Stock
2026-01-30$62.87/sh+9,258$582,020→ 253,691 total - Sale
Common Stock
[F1]2026-01-30$122.39/sh−9,258$1,133,108→ 244,433 total - Exercise/Conversion
Common Stock
2026-02-02$62.87/sh+9,258$582,020→ 253,691 total - Sale
Common Stock
[F2]2026-02-02$123.65/sh−9,258$1,144,747→ 244,433 total - Exercise/Conversion
Common Stock
2026-02-03$62.87/sh+9,258$582,020→ 253,691 total - Sale
Common Stock
[F3]2026-02-03$127.44/sh−9,258$1,179,813→ 244,433 total - Exercise/Conversion
Stock Option
[F1]2026-01-30$122.39/sh−9,258$1,133,108→ 41,907 totalExercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (9,258 underlying) - Exercise/Conversion
Stock Option
[F2]2026-02-02$123.65/sh−9,258$1,144,747→ 32,649 totalExercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (9,258 underlying) - Exercise/Conversion
Stock Option
[F3]2026-02-03$127.44/sh−9,258$1,179,813→ 23,391 totalExercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (9,258 underlying)
Holdings
- 17,481(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 141,038
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (141,038 underlying) - 104,244
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (104,244 underlying) - 92,768
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (92,768 underlying) - 30,185
Stock Units (LTIP)
[F4]→ Common Stock (30,185 underlying)
Footnotes (4)
- [F1]The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 121.1900 to 123.1700 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F2]The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 122.1300 to 124.6300 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F3]The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 125.1000 to 128.3200 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- [F4]Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.
Signature
Michael R. Beers, by Power of Attorney|2026-02-03