DOZIER C MICHAEL 4

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.