R. Preston Feight - Jan 1, 2024 Form 4 Insider Report for PACCAR INC (PCAR)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
Michael R. Beers, by Power of Attorney
Stock symbol
PCAR
Transactions as of
Jan 1, 2024
Transactions value $
-$1,530,382
Form type
4
Date filed
1/3/2024, 07:16 PM
Previous filing
Dec 7, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCAR Common Stock Options Exercise $0 +28.8K +23.3% $0.00 152K Jan 1, 2024 Direct F1, F2
transaction PCAR Common Stock Tax liability -$1.53M -15.8K -10.37% $96.78 137K Jan 2, 2024 Direct F2, F3
holding PCAR Common Stock 15.5K Jan 1, 2024 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 -28.8K -39.89% 43.4K Jan 1, 2024 Common Stock 28.8K Direct F1, F4
holding PCAR Stock Option 145K Jan 1, 2024 Common Stock 145K $61.26 Direct
holding PCAR Stock Option 136K Jan 1, 2024 Common Stock 136K $62.87 Direct
holding PCAR Stock Option 141K Jan 1, 2024 Common Stock 141K $71.95 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 Adjusted to reflect 4,476 shares withheld for payment of tax liablity in connection with the vesting of restricted shares that were inadvertantly omitted from the Form 4 filed on January 4, 2023 (share amount adjusted for 50% stock dividend on February 7, 2023).
F3 Shares withheld for payment of tax liability in connection with the vesting of restricted shares and/or restricted stock units.
F4 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.