Poplawski Brice J 4

What Happened
Brice J. Poplawski, Senior Vice President & Chief Financial Officer of PACCAR Inc. (PCAR), received equity awards on February 6, 2026. The filing shows an award of options covering 11,086 shares (derivative award, no exercise price listed) and an award of 2,584 restricted stock units (RSUs) valued at $127.35 per share, for a total reported value of $329,072. These are compensation grants (awards), not open‑market purchases or sales.

Key Details

• Transaction date: February 6, 2026; Form 4 filed February 10, 2026 (timely; within two business days).
• Awards: 11,086-share option grant (derivative, exercise price N/A in filing) and 2,584 RSUs at $127.35 each = $329,072.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: awards made under PACCAR Long Term Incentive Plan (LTIP). RSUs are convertible one‑for‑one into common stock upon satisfaction of vesting conditions; RSU awards vest in four equal installments (commencing March 1 following the award and on January 1 of the next three years). Some RSUs may be held in a deferred phantom stock account per the LTIP.

Context
These transactions are compensation grants to an executive (award code A). They are not immediate stock purchases or sales and typically reflect long‑term incentive pay; RSUs and options generally vest over time before becoming actual shares or exercisable stock. No implication about insider buying/selling sentiment should be inferred beyond routine executive compensation.