Rich John N 4
4 · PACCAR INC · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
PACCAR (PCAR) VP John N. Rich Receives 1,196 Shares; 292 Withheld
What Happened
John N. Rich, Vice President & Chief Technology Officer of PACCAR (PCAR), had 1,196 restricted stock units (RSUs) convert into 1,196 shares of common stock on March 1, 2026 (recorded as an exercise/conversion of a derivative). To cover tax withholding related to the vesting, 292 of those shares were withheld on March 2, 2026 at a reported withholding value of $126.09 per share (total ~$36,818). The RSU conversion was valued at $0 per share for acquisition purposes because RSUs convert one-for-one upon vesting.
Key Details
- Transaction dates: RSU conversion on 2026-03-01; tax withholding/settlement on 2026-03-02.
- Converted/Acquired: 1,196 shares from RSU vesting (reported as derivative exercise/conversion, code M).
- Withheld/Disposed for taxes: 292 shares at $126.09 each, total ~$36,818 (code F).
- Footnotes: F1/F3 indicate these were RSUs under PACCAR’s Long Term Incentive Plan converting one-for-one upon vesting; F2 notes shares were withheld to pay tax liabilities.
- Shares owned after transaction: Not disclosed in this filing.
- Filing status: Report filed 2026-03-02 covering period 2026-03-01; no late-filing flag indicated in the provided data.
Context
This was not an open-market purchase or sale signaling a directional bet; it was routine vesting of RSUs and a typical "sell/withhold to cover taxes" action. For retail investors, RSU conversions increase insider-held shares but withholding reduces the net new shares received — the ~$36.8k figure reflects taxes paid via share withholding, not a market sale for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+1,196→ 8,419 total - Tax Payment
Common Stock
[F2]2026-03-02$126.09/sh−292$36,818→ 8,127 total - Exercise/Conversion
Stock Units (LTIP)
[F3][F1]2026-03-01−1,196→ 6,842 total→ Common Stock (1,196 underlying)
- 1,183.676(indirect: By PACCAR Savings Investment Plan (SIP))
Common Stock
- 11,574
Stock Option
Exercise: $62.87From: 2025-01-01Exp: 2032-02-07→ Common Stock (11,574 underlying) - 11,944
Stock Option
Exercise: $71.95From: 2026-01-01Exp: 2033-02-08→ Common Stock (11,944 underlying) - 13,164
Stock Option
Exercise: $104.16From: 2027-01-01Exp: 2034-02-05→ Common Stock (13,164 underlying) - 14,642
Stock Option
Exercise: $109.13From: 2028-01-01Exp: 2035-02-03→ Common Stock (14,642 underlying) - 22,800
Stock Option
Exercise: $127.35From: 2029-01-01Exp: 2036-02-06→ Common Stock (22,800 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.