FEIGHT R PRESTON 4

What Happened
Feight R. Preston, PACCAR’s (PCAR) CEO, reported a gift of 15,625 shares on Feb 9, 2026 and two equity awards on Feb 6, 2026. One award covers 89,994 derivative units (an option award under the company LTIP). The other is 40,498 restricted stock units (RSUs) valued at $127.35 each, totaling about $5,157,420. The 15,625 shares were transferred to a donor‑advised fund (no cash received).

Key Details

• Transaction dates: Feb 6, 2026 (awards); Feb 9, 2026 (gift). Form 4 filed Feb 10, 2026 (timely).
• Gift: 15,625 shares transferred (disposition) at $0 per share — footnote F1 (transfer to donor‑advised fund).
• Awards (both reported as derivative acquisitions):
  • 89,994 units – listed as derivative/option award under LTIP (footnote F2). Price shown as N/A in the summary.
  • 40,498 RSUs – recorded at $127.35 per share, total value ≈ $5,157,420 (footnote F4 describing LTIP RSU award and vesting schedule).
• Footnotes also note some RSUs may be held in a deferred phantom stock account convertible one‑for‑one upon vesting (footnote F3).
• Shares owned after the transactions are not provided in the excerpt.

Context

• The RSU and option entries are compensation grants under PACCAR’s Long Term Incentive Plan (not open‑market purchases). RSUs vest over time (per the LTIP vesting schedule), and options give the right to buy shares subject to plan terms.
• The 15,625‑share gift is a charitable transfer and does not necessarily reflect buying/selling sentiment.
• No immediate sale of awarded shares is reported; these are grants and a gift rather than a market purchase or sale.