WALTON MICHAEL K 4

4 · PACCAR INC · Filed Feb 10, 2026

AI-generated summary of this filing

Updated Feb 10, 2026

PACCAR (PCAR) VP/General Counsel Michael Walton Receives LTIP Awards

What Happened

Michael K. Walton, Vice President and General Counsel of PACCAR (PCAR), received Long Term Incentive Plan (LTIP) awards on 2026-02-06. The filing reports two derivative awards: 5,674 units (derivative option award) and 1,958 restricted stock units (RSUs) with a reported grant value of $127.35 per share, totaling $249,351.
These were awards (compensation grants), not open-market purchases or sales. The 5,674-unit award is an option grant (no exercise price reported on this Form 4). The 1,958 RSUs are convertible one-for-one to common stock upon satisfaction of vesting conditions.

Key Details

Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (filed within the required two business days).
Awards reported:
- 5,674 derivative units — option to buy awarded under PACCAR LTIP (footnote F1); price shown as N/A on the Form 4.
- 1,958 RSUs — awarded at $127.35 per share, reported value $249,351; convertible one-for-one to common stock upon vesting (footnote F3).
Shares owned after the transaction: not specified in this filing.
Footnotes of note:
- F1: Option awarded under LTIP.
- F3: RSUs under LTIP that vest in four equal installments (commencing March 1 following award, then Jan 1 of each of the next three years).
Filing timeliness: timely (filed within the required two business days after the Feb 6 transaction).

Context

These entries are compensation awards to an executive and do not represent buying or selling stock in the open market. RSUs and options typically vest over time; they do not reflect immediate purchases or sales unless an accompanying exercise-and-sale is reported.
For retail investors, such awards are routine executive compensation and not a direct bullish or bearish trading signal by themselves.

Form 4

Period: 2026-02-06

VICE PRESIDENT/GENERAL COUNSEL

Transactions

Award
Stock Option
[F1]
2026-02-06+5,674→ 5,674 total
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (5,674 underlying)
Award
Stock Units (LTIP)
[F2][F3]
2026-02-06$127.35/sh+1,958$249,351→ 3,487 total
→ Common Stock (1,958 underlying)

Holdings

Common Stock
2,515
Common Stock
(indirect: By PACCAR Savings Investment Plan (SIP))
6,675.163
Stock Option
Exercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (1,302 underlying)
1,302
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (7,918 underlying)
7,918
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (6,108 underlying)
6,108
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (5,844 underlying)
5,844
Stock Units (DCP)
[F4]
→ Common Stock (13,873.98 underlying)
13,873.98

Footnotes (4)

[F1]Option to buy awarded under PACCAR Long Term Incentive Plan (LTIP).
[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.
[F3]Restricted stock units awarded under PACCAR Long Term Incentive Plan (LTIP) and convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions. Each award vests in four equal installments commencing on March 1 following the award and January 1 of the next three years.
[F4]Share units held in deferred phantom stock account under PACCAR Deferred Compensation Plan (DCP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable conditions.

Signature

Michael R. Beers, by Power of Attorney|2026-02-06

1 file