Bloch Laura J 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) SVP Laura Bloch Converts RSUs; 418 Shares Withheld
What Happened Laura J. Bloch, Senior Vice President of PACCAR, had 1,061 restricted stock units (RSUs) convert into common shares on March 1, 2026. Of those shares, 418 were withheld to satisfy tax withholding at a per-share value of $126.09, resulting in $52,706 paid to cover the tax liability. Net shares delivered to Bloch after withholding: 643 shares. This was a vesting/conversion event, not an open-market purchase or sale.
Key Details
- Transaction dates: RSU conversion/vesting on 2026-03-01 (code M); tax-withholding disposition recorded 2026-03-02 (code F).
- Numbers and value: 1,061 RSUs converted to 1,061 shares; 418 shares withheld at $126.09/share = $52,706; net retained = 643 shares.
- Transaction codes: M = exercise/conversion of derivative (RSU → shares); F = shares withheld to pay tax liability.
- Shares owned after transaction: the filing excerpt does not state total beneficial ownership; net new shares received from this vesting = 643.
- Footnotes: F1/F3 — RSUs awarded under PACCAR LTIP convert one-for-one when vested; F2 — shares were withheld to pay tax liability. Awards vest in four installments per the LTIP schedule.
- Filing timeliness: Form 4 was filed 2026-03-02 for a 2026-03-01 transaction — appears filed timely.
Context This was a routine vesting/conversion of RSUs with shares withheld to cover taxes (a common, non-market sale method of satisfying tax obligations). It does not represent an open-market sale or purchase and should be interpreted as a compensation vesting event rather than a direct signal of insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+1,061→ 7,163 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−418$52,706→ 6,745 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−1,061→ 5,389 total→ Common Stock (1,061 underlying)
- 2,344.976(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 9,668
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (9,668 underlying) - 7,504
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (7,504 underlying) - 13,588
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (13,588 underlying) - 13,260
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (13,260 underlying)
Footnotes (3)
- [F1]Restricted stock units converted to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.
- [F2]Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units.
- [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.