diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3af59862967..82b2aac514a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -37,6 +37,10 @@ The Linter was updated to `0.1.106`, which includes:
 
 #### Pub
 
+* `pub get` and `pub upgrade` no longer precompiles executables from
+  dependencies by default. Instead they are precompiled on first `pub run`.
+  Use `pub get --precompile` to get the previous behavior.
+
 ## 2.7.0 - 2019-12-11
 
 **Extension methods** -- which we shipped in preview in 2.6.0 -- are no longer
diff --git a/DEPS b/DEPS
index dc39c5561e6..a178f52e603 100644
--- a/DEPS
+++ b/DEPS
@@ -119,7 +119,7 @@ vars = {
   "ply_rev": "604b32590ffad5cbb82e4afef1d305512d06ae93",
   "pool_tag": "1.3.6",
   "protobuf_rev": "3746c8fd3f2b0147623a8e3db89c3ff4330de760",
-  "pub_rev": "ff5ad1eab1649a8eee6cc593302d3624d9853049",
+  "pub_rev": "4d8ecbd409d773fec47da33b7e6c8db0b51487fd",
   "pub_semver_tag": "1.4.2",
   "quiver-dart_tag": "2.0.0+1",
   "resource_rev": "f8e37558a1c4f54550aa463b88a6a831e3e33cd6",