Rich John N 4

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.