Gryniewicz Craig R 4

What Happened

• Craig R. Gryniewicz, a vice president at PACCAR (PCAR), exercised stock options for 8,748 shares and immediately sold those 8,748 shares in the open market on February 11, 2026.
• Exercise cost: 8,748 shares × $61.26 = $535,902 (cash paid to acquire shares).
• Sale proceeds: 8,748 shares × $129.00 = $1,128,492. Net proceeds before taxes/fees ≈ $592,590.

Key Details

• Transaction date: 2026-02-11.
• Option exercise (code M): 8,748 shares exercised at $61.26 (total $535,902).
• Open-market sale (code S): 8,748 shares sold at $129.00 (total $1,128,492).
• Derivative reporting: the filing also shows the derivative disposition tied to the exercise/sale at $129.00.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 notes a stock option was inadvertently omitted from the insider’s Form 3 filed Feb 20, 2025; F2 explains certain restricted stock units are held in a deferred phantom stock account under the LTIP and convert one-for-one upon vesting.
• Filing timeliness: this Form 4 reports the Feb 11, 2026 transactions; the footnote indicates a prior omission on the earlier Form 3 but the current Form 4 does not show an explicit late-file flag.

Context

• This was effectively a cashless exercise: options were exercised and the resulting shares were sold immediately in the open market, a common way for insiders to realize gains and cover the exercise cost and taxes.
• Such routine exercise-and-sell transactions are factual disclosures of insider activity and do not by themselves indicate the insider’s long-term view of the company.