Poplawski Brice J 4

4 · PACCAR INC · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

PACCAR (PCAR) CFO Brice Poplawski Converts RSUs; Shares Withheld

What Happened

Brice J. Poplawski, Senior Vice President & CFO of PACCAR (PCAR), had 646 restricted stock units (RSUs) convert to common shares on March 1, 2026. The RSUs converted on a one-for-one basis (no exercise price). On March 2, 2026, 158 of those shares were withheld to satisfy tax withholding obligations, valued at $126.09 per share for a total of $19,922.

Key Details

Transaction dates: RSU conversion recorded 2026-03-01; tax withholding (share disposal) recorded 2026-03-02.
Conversion: 646 RSUs converted to 646 common shares (code M — derivative conversion); exercise price $0 (RSUs).
Withholding: 158 shares withheld (code F) at $126.09/share = $19,922 to cover taxes.
Shares owned after the transaction: not specified in this Form 4 filing.
Footnotes: F1/F3 — RSUs convert one-for-one upon vesting under PACCAR LTIP; F2 — shares were withheld to pay tax liability.
Filing timeliness: Report filed 2026-03-02 for a 2026-03-01 event (timely under Form 4 rules).

Context

This was a routine vesting/conversion of RSUs rather than an open-market purchase or sale; the withholding of shares to meet tax obligations is common and is not an independent sale signal. The conversion involved no cash exercise price (RSUs), and withholding served as the tax payment mechanism (similar to a cashless settlement).

Form 4

Period: 2026-03-01

Sr. Vice President & CFO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-01+646→ 1,549 total
Tax Payment
Common Stock
[F2]
2026-03-02$126.09/sh−158$19,922→ 1,391 total
Exercise/Conversion
Stock Units (LTIP)
[F3][F1]
2026-03-01−646→ 3,174 total
→ Common Stock (646 underlying)

Holdings

Common Stock
(indirect: By PACCAR Savings Investment Plan (SIP))
18,193.216
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (1,970 underlying)
1,970
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (6,318 underlying)
6,318
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (8,012 underlying)
8,012
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (11,086 underlying)
11,086

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.

Signature

Michael R. Beers, by Power of Attorney|2026-03-02

1 file