Gryniewicz Craig R 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) VP Craig R. Gryniewicz Exercises RSUs, Withholds Shares
What Happened
Craig R. Gryniewicz, a Vice President at PACCAR, had 633 restricted stock units (RSUs) convert into 633 shares on March 1, 2026. To satisfy tax withholding related to the vesting, 250 of those shares were surrendered/withheld on March 2, 2026 at an implied value of $126.09 per share, totaling $31,523. The net result is that 383 shares were issued to the reporting person after withholding (633 converted minus 250 withheld).
Key Details
- Transaction dates: RSU conversion recorded 2026-03-01; tax withholding recorded 2026-03-02.
- Conversion: 633 RSUs converted one-for-one into common shares (code M — exercise/conversion of derivative).
- Withholding: 250 shares withheld for tax liability at $126.09 each (code F), value $31,523.
- Net issued to insider (implied): 383 shares retained after withholding.
- Shares owned after transaction: not stated in the provided filing summary.
- Footnotes: F1/F3 — RSUs convert one-for-one upon vesting under PACCAR’s LTIP; F2 — shares were withheld to pay tax liability.
- Timeliness: filing does not indicate a late report in the supplied data.
Context
This was a routine vesting of RSUs and subsequent tax-withholding, not an open-market sale or purchase. Withholding shares to cover taxes is common and does not necessarily signal a buy or sell decision about the company’s stock. For retail investors, purchases by insiders can be more informative than routine vesting; this transaction primarily reflects compensation vesting and tax obligations.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+633→ 6,484 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−250$31,523→ 6,234 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−633→ 3,627 total→ Common Stock (633 underlying)
- 7,392.728(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 8,832
Stock Option
Exercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (8,832 underlying) - 9,016
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (9,016 underlying) - 6,872
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (6,872 underlying) - 8,636
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (8,636 underlying) - 8,014
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (8,014 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.