PACCAR (PCAR) CEO Feight R. Preston Sells Shares After Option Exercise

What Happened

• Feight R. Preston, PACCAR’s CEO, exercised/converted derivative awards for 70,519 shares at $71.95 per share (cost = $5,073,842) and reported dispositions the same day. He also sold 50,975 shares in an open-market transaction at a weighted average price of $133.07 per share (proceeds ≈ $6,783,151). The filings show option/derivative activity and open-market sales on 2026-07-31.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-03 (filed within reporting window).
• Exercise/acquisition: 70,519 shares @ $71.95 each = $5,073,842 (code M — exercise/conversion of derivative).
• Open-market sale: 50,975 shares @ weighted avg $133.07 = $6,783,151 (code S). Footnote F1: sale prices ranged from $132.61 to $133.49; the filing gives the weighted average and can provide per-price quantities on request.
• Derivative disposition: 70,519 shares reported as disposed (code M/derivative) at $71.95 (reported in the filing).
• Shares owned after the transactions: not stated in the excerpt of the filing provided.
• Footnote F2 clarifies certain LTIP restricted stock units are held in a deferred phantom stock account and convert one-for-one to common shares upon vesting (noting how some compensation shares are structured).

Context

• The combination of an exercise (M) and same-day sales often reflects a cashless exercise or an exercise followed by immediate sale to cover costs, taxes, or to diversify — the filing shows both the exercise and sales on the same date.
• This is routine insider selling activity following option/derivative conversion; factual filing details are provided above without inferring motivation.