PCAR CFO option exercise at $62.8667, sells 3,369 shares

Rhea-AI Filing Summary

PACCAR (PCAR) reported an insider transaction by its Sr. Vice President & CFO. On 10/27/2025, the executive exercised stock options for 3,369 shares at a $62.8667 exercise price and sold 3,369 common shares in the market at a weighted average price of $101.1532. After these transactions, directly held shares were 468. Indirect holdings were 17,913.439 shares through the PACCAR Savings Investment Plan. The option exercise was coded “M” and the sale “S.”

Insider Trade Summary

Net Seller: 3,369 shares ($340,785)

Net Sell 8 txns

Insider Poplawski Brice J

Role Sr. Vice President & CFO

Sold 3,369 shs ($341K)

Type	Security	Shares	Price	Value
Exercise	Stock Option	3,369	$62.8667	$212K
Exercise	Common Stock	3,369	$62.8667	$212K
Sale	Common Stock	3,369	$101.1532	$341K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Units (LTIP)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 3,837 shares (Direct); Stock Units (LTIP) — 1,855 shares (Direct); Common Stock — 17,913.439 shares (Indirect, By PACCAR Savings Investment Plan (SIP))

Footnotes (1)

1. The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 101.0900 to 101.2100 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Poplawski Brice J

(Last) (First) (Middle)

777 - 106TH AVE. N.E.

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACCAR INC [ PCAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President & CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/27/2025		M		3,369	A	$62.8667	3,837	D
Common Stock	10/27/2025		S		3,369	D	$101.1532(1)	468	D
Common Stock								17,913.439	I	By PACCAR Savings Investment Plan (SIP)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$62.8667	10/27/2025		M			3,369	01/01/2025	02/07/2032	Common Stock	3,369	$62.8667	0.0000	D
Stock Option	$71.95							01/01/2026	02/08/2033	Common Stock	6,370		6,370	D
Stock Option	$104.16							01/01/2027	02/05/2034	Common Stock	6,318		6,318	D
Stock Option	$109.13							01/01/2028	02/03/2035	Common Stock	8,012		8,012	D
Stock Units (LTIP)	(2)							(2)	(2)	Common Stock	1,855		1,855	D

Explanation of Responses:

1. The price shown is a weighted average sale price of shares sold in multiple transactions; the sale prices ranged from 101.0900 to 101.2100 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

2. Restricted stock units held in deferred phantom stock account under Long Term Incentive Plan (LTIP) convertible to common stock on a one-for-one basis upon satisfaction of all applicable vesting conditions.

	Michael R. Beers, by Power of Attorney	10/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did PACCAR (PCAR)'s CFO do on 10/27/2025?

Exercised options for 3,369 shares at $62.8667 and sold 3,369 shares at a weighted average of $101.1532.

How many PACCAR (PCAR) shares does the CFO hold directly after the transaction?

Directly held shares were 468 after the reported transactions.

What are the CFO’s indirect PACCAR (PCAR) holdings?

Indirect holdings were 17,913.439 shares via the PACCAR Savings Investment Plan (SIP).

What do the transaction codes M and S mean on the Form 4 for PCAR?

Code M denotes an option exercise; code S denotes an open market sale.

What prices were involved in the PCAR insider transactions?

Option exercise price was $62.8667. The sale’s weighted average price was $101.1532 (range $101.0900 to $101.2100).

Were the PACCAR (PCAR) sales part of multiple executions?

Yes. The weighted average sale price reflects multiple trades between $101.0900 and $101.2100.