BANEY KEVIN D 4

What Happened
Kevin D. Baney, Executive Vice President of PACCAR (PCAR), was granted long-term incentive awards on 2026-02-06. The filing reports an option award for 26,086 shares (derivative, exercise details not stated) and a restricted stock unit (RSU) award for 6,944 shares reported at $127.35/share (derivative value $884,318). Both transactions are reported as awards/grants (transaction code A) under PACCAR’s Long Term Incentive Plan (LTIP). These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (timely filing).
• Grants: 26,086 options (derivative; exercise price shown as N/A in filing) and 6,944 RSUs at $127.35/share (total reported derivative value $884,318).
• Shares owned after transaction: not disclosed in the filing.
• Relevant footnotes from the filing:
  • F1: Option awarded under PACCAR Long Term Incentive Plan (LTIP).
  • F2: Some RSUs may be held in a deferred phantom stock account and convert one-for-one upon vesting.
  • F3: RSUs awarded under LTIP vest in four equal installments beginning March 1 following the award and on Jan 1 of the next three years.
• Transaction type: Award/Grant (A). Not an open-market buy or sale.

Context
These awards are typical executive compensation via LTIP: option grants grant the right to buy shares (exercise terms not shown), and RSUs convert to common stock upon vesting according to the stated schedule. Such grants reflect company compensation policy and do not by themselves indicate an insider buying or selling shares on the open market.