Harrie Schippers - 01 Jan 2022 Form 4 Insider Report for PACCAR INC (PCAR)

Role: PRESIDENT & CFO
Signature: Michael R. Beers, by Power of Attorney
Issuer symbol: PCAR
Transactions as of: 01 Jan 2022
Net transactions value: -$218,355
Form type: 4
Filing time: 04 Jan 2022, 17:15:41 UTC
Previous filing: 09 Dec 2021
Next filing: 06 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCAR	Common Stock	Options Exercise	$0	+9,889	+23%	$0.000000	53,750	01 Jan 2022	Direct	F1
transaction	PCAR	Common Stock	Tax liability	$218,355	-2,474	-4.6%	$88.26	51,276	03 Jan 2022	Direct	F2
holding	PCAR	Common Stock						1,323	01 Jan 2022	By PACCAR Savings Investment Plan (SIP)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PCAR	Stock Units (LTIP)	Options Exercise		-9,889	-51%		9,686	01 Jan 2022	Common Stock	9,889		Direct	F1, F3
holding	PCAR	Stock Option						11,568	01 Jan 2022	Common Stock	11,568	$50.00	Direct
holding	PCAR	Stock Option						8,654	01 Jan 2022	Common Stock	8,654	$62.46	Direct
holding	PCAR	Stock Option						54,814	01 Jan 2022	Common Stock	54,814	$65.56	Direct
holding	PCAR	Stock Option						29,052	01 Jan 2022	Common Stock	29,052	$68.69	Direct
holding	PCAR	Stock Option						43,198	01 Jan 2022	Common Stock	43,198	$76.18	Direct
holding	PCAR	Stock Option						43,660	01 Jan 2022	Common Stock	43,660	$91.89	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.