Bloch Laura J 4

What Happened

• Laura J. Bloch, Senior Vice President of PACCAR (PCAR), exercised/converted 8,832 derivative shares and sold those 8,832 shares in an open-market transaction on 2026-02-03. She paid $62.87 per share to convert (total $555,239) and sold the shares at $125.75 per share for gross proceeds of $1,110,624, yielding net proceeds of about $555,385.

Key Details

• Date of transactions: 2026-02-03
• Exercise/conversion: 8,832 shares at $62.87 (total cost $555,239) — code M (exercise/conversion of derivative)
• Sale: 8,832 shares at $125.75 (gross proceeds $1,110,624) — code S (open-market sale)
• Net proceeds (sale minus exercise cost): $1,110,624 − $555,239 = $555,385
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: These were restricted stock units held in a deferred phantom stock account under the Long Term Incentive Plan (LTIP), convertible one-for-one to common stock upon satisfaction of vesting conditions
• Filing timeliness: Reported on 2026-02-03 for transactions on 2026-02-03; no late filing indicated

Context

• This was effectively a same-day exercise/conversion followed by an immediate open-market sale (a cashless-style transaction) — the derivative shares were converted and sold on the same date.
• Such transactions are commonly routine liquidity events by insiders and do not by themselves indicate a change in company outlook or insider sentiment.