Form 4: PACCAR CFO Awarded Equity Under Long-Term Incentive Plan

PACCAR's Senior Vice President and CFO, Brice J. Poplawski, received new stock option and restricted stock unit awards as part of the company's Long Term Incentive Plan.

Summary

• Brice J. Poplawski, PACCAR's Sr. Vice President & CFO, was granted new equity awards on February 6, 2026.
• The new awards include 11,086 stock options with an exercise price of $127.35, which become exercisable from January 1, 2029, and expire on February 6, 2036.
• Additionally, 2,584 restricted stock units (RSUs) were awarded under the PACCAR Long Term Incentive Plan (LTIP).
• These RSUs are convertible to common stock on a one-for-one basis upon satisfaction of vesting conditions, with vesting occurring in four equal installments commencing March 1 following the award (March 1, 2026) and then January 1 of the next three years (January 1, 2027, 2028, 2029).
• Poplawski directly owns 903 shares of PACCAR common stock.
• Poplawski indirectly owns 18,193.216 shares of PACCAR common stock through the PACCAR Savings Investment Plan (SIP).
• Existing derivative holdings include stock options for 4,170 shares (exercisable from 01/01/2026 at $71.95), 6,318 shares (exercisable from 01/01/2027 at $104.16), and 8,012 shares (exercisable from 01/01/2028 at $109.13).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive routine disclosure, reflecting standard executive compensation practices designed to align management incentives with long-term company performance.

Positives

• The grant of new equity awards to the CFO aligns management's long-term interests with those of shareholders.
• The awards are part of a structured Long Term Incentive Plan (LTIP), indicating a formal and transparent executive compensation strategy.

Future Outlook

The new equity awards, particularly the restricted stock units, are structured with future vesting conditions, indicating a long-term retention and performance incentive for the CFO, aligning with PACCAR's strategic objectives.

Industry Context

StockSavvy.ai notes that equity awards to senior executives are a standard practice across industries, particularly in large manufacturing companies like PACCAR, to incentivize long-term performance and align executive interests with shareholder returns.

Corporate Governance

Related Party Transactions

• Grant of 11,086 stock options and 2,584 restricted stock units to Brice J. Poplawski, a senior executive of PACCAR INC, under the company's Long Term Incentive Plan.

Stakeholder Impact

• Shareholders: Potential for increased alignment of executive interests with long-term shareholder value through performance-based equity awards.
• Management: Provides long-term incentives and compensation for the CFO, contributing to executive retention and motivation.

Next Steps

• Vesting of 2,584 restricted stock units in four equal installments commencing March 1, 2026, and January 1 of the next three years.
• Stock options for 11,086 shares become exercisable on January 1, 2029.

Key Dates

Keywords

PACCAR, PCAR, SEC Form 4, Insider Transaction, Equity Award, Stock Option, Restricted Stock Units, Executive Compensation, Long Term Incentive Plan, CFO