DOZIER C MICHAEL 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) EVP Michael Dozier Receives RSUs; 706 Shares Withheld
What Happened
Michael Dozier, Executive Vice President of PACCAR (PCAR), had 1,794 restricted stock units (RSUs) convert to common stock on March 1, 2026 (reported on Form 4). Following the vesting, 706 of those shares were withheld on March 2, 2026 to satisfy tax withholding obligations at $126.09 per share, amounting to $89,020. The RSU conversion shows an acquisition of shares via derivative conversion (code M) and the withholding is reported as a disposition for tax payment (code F).
Key Details
- Transaction dates: RSU conversion on 2026-03-01; shares withheld for taxes on 2026-03-02.
- Reported prices/values: Withheld 706 shares @ $126.09 = $89,020. The RSU conversion lists $0.00 as the acquisition price (typical for vested RSUs).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1/F3 — RSUs awarded under PACCAR’s LTIP convert one-for-one to common stock upon vesting; F2 — shares withheld to pay tax liability (net share settlement).
- Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = withholding for tax payment.
- Filing timeliness: Reported on 2026-03-02 for a 2026-03-01 vesting — appears to be a timely Form 4 filing.
Context
This appears to be routine vesting of long-term incentive RSUs with net share withholding to cover taxes, not an open-market sale. Net share settlement (withholding) is common and should not necessarily be interpreted as a directional signal about the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+1,794→ 36,450 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−706$89,020→ 35,744 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−1,794→ 11,134 total→ Common Stock (1,794 underlying)
- 20,172.896(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 28,610
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (28,610 underlying) - 25,460
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (25,460 underlying) - 24,782
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (24,782 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.