Bolgar Paulo Henrique 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR VP Paulo Bolgar Exercises RSUs, Shares Withheld for Taxes
What Happened Paulo Bolgar, a Vice President at PACCAR (PCAR), had restricted stock units (RSUs) convert into 750 shares of common stock on March 1, 2026 (exercise/conversion reported as M, acquired at $0.00). To cover tax withholding associated with the vesting, 296 shares were surrendered on March 2, 2026 at an implied value of $126.09 per share, totaling about $37,323 (reported as disposition code F). This was a vesting/settlement event, not an open-market purchase or sale for investment purposes.
Key Details
- Transaction dates and prices:
- 2026-03-01: Exercise/conversion of 750 RSUs into 750 shares (reported price $0.00 — RSU vesting).
- 2026-03-02: 296 shares withheld for tax payment at $126.09 per share, total ≈ $37,323 (code F).
- Filing accession: 0001225208-26-002855; report filed 2026-03-02 for transactions on 2026-03-01/03-02 (appears timely).
- Shares owned after transaction: Not specified in the provided filing details.
- Notable footnotes:
- F1/F3: These were RSUs under PACCAR’s LTIP that convert one-for-one to common stock upon vesting; awards vest in four installments per the plan.
- F2: Shares were withheld to pay the tax liability arising from vesting.
- Filing timeliness: Reported the day after vesting/withholding — no late filing indicated.
Context This was a routine vesting and tax-withholding event (conversion of RSUs), not an open-market sale or purchase. Withholding shares to cover taxes is common and generally reflects standard compensation settlement rather than a trading decision. The filing’s derivative entries reflect the RSU conversion process; no cashless market sale for investment purposes was reported.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+750→ 7,024 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−296$37,323→ 6,728 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−750→ 4,625 total→ Common Stock (750 underlying)
- 773.78(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 11,374
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (11,374 underlying) - 8,294
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (8,294 underlying) - 9,792
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (9,792 underlying) - 9,500
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (9,500 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.