DOZIER C MICHAEL 4

4 · PACCAR INC · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

PACCAR (PCAR) EVP Michael Dozier Exercises Options and Sells 79,076 Shares

What Happened

Michael C. Dozier, Executive Vice President at PACCAR (PCAR), exercised stock options and immediately sold the resulting 79,076 shares on 2026-02-03.
He exercised three option tranches: 38,900 shares @ $71.95 (cost $2,798,855); 20,682 shares @ $61.26 (cost $1,266,979); and 19,494 shares @ $62.87 (cost $1,225,523). Total exercise cost ≈ $5,291,357.
All 79,076 shares were sold in the open market at a weighted average price of $127.92 for total proceeds of $10,115,315, yielding net proceeds of roughly $4,823,958 before taxes/fees. (Form also reports the converted derivative lots corresponding to the sale.)

Key Details

Transaction date: 2026-02-03 (filed same day). Codes: M = option exercise/conversion; S = sale.
Sale price range per filing: $127.65–$128.34; reported weighted average sale price $127.92 (see footnote F1).
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes: F1 explains the sale price range and availability of per-price breakdown on request. F2 notes restricted stock units held in a deferred phantom stock account under the LTIP convert one-for-one upon vesting.
Filing timeliness: report period and filing date are the same (not indicated as late).

Context

This was an option exercise followed by an immediate sale (a cashless-like transaction), a common way for insiders to cover exercise costs or take gains. The filing shows both the option exercise (acquisition) and the corresponding sale of those shares.
Facts only: the filing documents the transactions and proceeds; it does not state the insider’s motivation.

Form 4

Period: 2026-02-03

EXECUTIVE VICE PRESIDENT

Transactions

Exercise/Conversion
Common Stock
2026-02-03$71.95/sh+38,900$2,798,855→ 73,556 total
Exercise/Conversion
Common Stock
2026-02-03$61.26/sh+20,682$1,266,979→ 94,238 total
Exercise/Conversion
Common Stock
2026-02-03$62.87/sh+19,494$1,225,523→ 113,732 total
Sale
Common Stock
[F1]
2026-02-03$127.92/sh−79,076$10,115,315→ 34,656 total
Exercise/Conversion
Stock Option
[F1]
2026-02-03$127.92/sh−20,682$2,645,619→ 0 total
Exercise: $61.26From: 2024-01-01Exp: 2031-02-02→ Common Stock (20,682 underlying)
Exercise/Conversion
Stock Option
[F1]
2026-02-03$127.92/sh−19,494$2,493,651→ 0 total
Exercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (19,494 underlying)
Exercise/Conversion
Stock Option
[F1]
2026-02-03$127.92/sh−38,900$4,976,045→ 0 total
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (38,900 underlying)

Holdings

Common Stock
(indirect: By PACCAR Savings Investment Plan (SIP))
20,172.896
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (28,610 underlying)
28,610
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (25,460 underlying)
25,460
Stock Units (LTIP)
[F2]
→ Common Stock (5,754 underlying)
5,754

Footnotes (2)

[F1]The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 127.6500 to 128.3400 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]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

1 file