Form 4: PACCAR CFO Exercises Options, Sells Shares

PACCAR's Senior Vice President and CFO, Brice J. Poplawski, exercised stock options and subsequently sold an equivalent number of common shares on February 12, 2026.

Summary

• Brice J. Poplawski, Senior Vice President & CFO of PACCAR INC, reported changes in beneficial ownership.
• On February 12, 2026, Poplawski acquired 2,200 shares of common stock at an exercise price of $71.95 per share through the exercise of stock options.
• Concurrently, Poplawski disposed of 2,200 shares of common stock at a price of $130.4101 per share.
• Following these transactions, Poplawski directly owns 903 shares of common stock.
• Additionally, Poplawski indirectly owns 18,193.216 shares of common stock through the PACCAR Savings Investment Plan (SIP).
• Poplawski holds various derivative securities, including 1,970 stock options with an exercise price of $71.95, 6,318 stock options at $104.16, 8,012 stock options at $109.13, and 11,086 stock options at $127.35.
• Poplawski also holds 3,820 Restricted Stock Units (LTIP) convertible to common stock on a one-for-one basis upon vesting.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While an insider sale occurred, it was directly tied to an option exercise, a common compensation practice. The executive retains significant equity holdings, indicating continued confidence.

Positives

• The executive realized a significant gain from the option exercise and sale, with the sale price ($130.4101) being substantially higher than the exercise price ($71.95).
• The executive continues to hold a substantial number of shares directly and indirectly, as well as a significant number of unexercised stock options and restricted stock units, indicating continued alignment with shareholder interests.

Negatives

• An insider selling shares, even as part of an option exercise, can sometimes be perceived negatively by the market, though it is a common practice for executive compensation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the exercise of stock options and subsequent sale of shares, are a routine component of executive compensation packages. These transactions often reflect personal financial planning, such as covering tax obligations or diversifying personal portfolios, rather than a change in the executive's outlook on the company's prospects. Such activities are common across various industries for executives receiving equity-based compensation.

Related Party Transactions

• The filing details an insider transaction where Brice J. Poplawski, a Senior Vice President and CFO, exercised stock options and sold common stock of PACCAR INC.

Stakeholder Impact

• Shareholders: Minor impact, as this is a routine executive compensation transaction and does not signal a change in company fundamentals or strategy.
• Employees: No direct impact indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact indicated by this filing.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving the exercise of stock options and the subsequent sale of shares. It does not provide new fundamental information about PACCAR's business operations, financial performance, or strategic direction that would warrant a change in investment recommendation. The transaction is consistent with typical executive compensation practices, and the executive retains substantial equity holdings.

Keywords

PACCAR, PCAR, Insider Transaction, Form 4, Stock Options, Executive Compensation, Beneficial Ownership, Common Stock