FEIGHT R PRESTON 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) CEO Feight Preston Exercises RSUs; Withholds 3,985 Shares
What Happened Feight R. Preston, PACCAR's CEO, had 10,125 restricted stock units (RSUs) convert into 10,125 common shares on March 1, 2026 (reported as a derivative exercise). To cover tax withholding related to the vesting, 3,985 of those shares were surrendered on March 2, 2026 at a withholding price of $126.09 per share, totaling approximately $502,469. The RSU conversion is not a cash purchase but an award vesting event with shares issued and some withheld for taxes.
Key Details
- Transaction dates: RSU conversion (exercise/conversion) on 2026-03-01; shares withheld for tax payment on 2026-03-02.
- Shares involved: 10,125 RSUs converted to common stock; 3,985 shares withheld (disposed) for taxes.
- Withholding price/value: 3,985 shares × $126.09 = $502,469 (amount withheld to satisfy tax liability).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld for tax liability.
- Footnotes: F1/F3 — RSUs under PACCAR LTIP convert one-for-one to common stock when vested; F2 — shares were withheld to pay taxes; LTIP awards vest in four installments per plan terms.
- Shares owned after the transaction: not specified in the Form 4 filing.
- Filing timeliness: Form 4 was filed on 2026-03-02 for a 2026-03-01 event (appears timely).
Context This was a vesting and tax-settlement event (RSUs converting to common shares with a net settlement via share withholding), not an open-market sale or purchase. Withholding shares to satisfy taxes is routine and does not necessarily indicate a change in the insider's view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+10,125→ 253,066 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−3,985$502,469→ 249,081 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−10,125→ 60,558 total→ Common Stock (10,125 underlying)
- 17,481(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 141,038
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (141,038 underlying) - 104,244
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (104,244 underlying) - 92,768
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (92,768 underlying) - 89,994
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (89,994 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.