NIEKAMP CYNTHIA A 4

What Happened

• Cynthia A. Niekamp, a PACCAR (PCAR) director, had 6,980.573 restricted stock units (RSUs) converted into common stock on May 8, 2026 (transaction code M; exercise/conversion price $0.00).
• To cover tax obligations related to the vesting, 105 shares were withheld (transaction code F) at $114.31 per share, totaling $12,003. After withholding, the net shares delivered from the conversion were 6,875.573.

Key Details

• Transaction date: May 8, 2026; Form 4 filed May 11, 2026.
• Conversion: 6,980.573 RSUs → 6,980.573 common shares (M, $0.00 exercise price).
• Tax withholding: 105 shares withheld at $114.31 each = $12,003 (F).
• Net shares received: 6,980.573 − 105 = 6,875.573 (filing does not report post-transaction total holdings).
• Relevant footnotes: RSUs were held in a deferred phantom stock account for non-employee directors and convert 1-for-1 to common stock upon retirement/vesting.
• Filing timeliness: No indication in this report that the filing was late.

Context

• This was a conversion/vesting event, not an open-market purchase or discretionary sale; withholding for taxes is routine and does not indicate a market sale beyond tax obligations.
• The M code here represents conversion of RSUs (no cash exercise price); the F code indicates shares withheld to satisfy tax liabilities.