Welcome to our dedicated page for Penske Automotv SEC filings (Ticker: PAG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Penske Automotive Group, Inc. (NYSE: PAG) files periodic and current reports with the U.S. Securities and Exchange Commission that provide detailed information on its financial condition, operations, and material events. As a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, Penske Automotive uses SEC filings to report results from its retail automotive dealerships, retail commercial truck dealerships, distribution activities, and its 28.9% ownership interest in Penske Transportation Solutions.
On this page, investors can review Forms 8-K that Penske Automotive files to disclose significant developments. Recent examples include current reports furnishing quarterly financial results press releases and describing material transactions, such as the acquisition of Longo Toyota, Longo Lexus, Lexus of Stevens Creek, and Longo Toyota of Prosper through a membership interests purchase agreement. Related party disclosures and governance arrangements, including stockholders agreements, voting agreements, and registration rights agreements, are also described in these filings.
In addition to current reports, Penske Automotive’s annual and quarterly reports (Forms 10-K and 10-Q, when available) provide segment information for retail automotive and retail commercial truck operations, details on its distribution of commercial vehicles, engines, and power systems, and information about its equity-method investment in Penske Transportation Solutions. These filings also include discussions of risk factors, liquidity, leverage, and capital allocation, including dividends and securities repurchase programs.
Stock Titan’s SEC filings page for PAG presents these documents alongside AI-powered summaries that help explain key points, such as the nature of reported transactions, the significance of earnings releases furnished on Form 8-K, and the implications of related party and partnership arrangements. Users can also access information on dividends declared via Form 8-K, as well as other items the company reports under SEC rules.
Penske Automotive Group, Inc. has issued its 2026 proxy statement for a fully virtual annual meeting on May 13, 2026, asking stockholders to elect twelve directors, ratify Deloitte & Touche LLP as 2026 auditor, and approve executive pay on an advisory basis.
The company operates as a NYSE “controlled company” through Penske Corporation’s voting power but maintains a majority-independent board and fully independent key committees, with defined oversight of risk, cybersecurity and ESG. In 2025 it reported net income of $937.9M and adjusted EBITDA of $1,507.8M, which underpin long-term incentive metrics.
CEO Roger Penske’s 2025 total compensation was $8,771,209, while the estimated median employee earned $59,583, a pay ratio of 147:1. Pay is heavily equity-based through multi‑year restricted stock tied to EBITDA, EPS, control, people and health‑cost targets.
The proxy also details a large related‑party acquisition: in November 2025 the company bought Penske Motor Group, including four U.S. dealerships, for an aggregate purchase price of $519,446,253, funded with $363,619,353 in cash and a $155,826,900 4.5% three‑year subordinated note to the seller.
Spradlin Shane M. reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group executive Shane M. Spradlin received an equity award of 4,992 shares of Common Stock as compensation. The award was granted at no cash cost to him and increases his direct holdings to 38,144 shares. The granted shares vest over time, with 15% vesting on June 1, 2027, another 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030.
Denker Claude H III reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group EVP – Human Resources Claude H. Denker III received a grant of 4,992 shares of common stock as compensation. The award was made at no cost to him and will vest over time: 15% on June 1, 2027, 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030. After this grant, he directly holds 33,665 common shares.
KURNICK ROBERT H JR reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group president Robert H. Kurnick Jr. received an equity award of 9,984 shares of common stock as compensation. The grant was not a market purchase and carries no cash price. Following this award, his directly held stake reported in the filing is 39,064 shares.
The shares vest over several years: 15% on June 1, 2027, another 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030. This structure encourages long-term alignment with the company’s performance.
PENSKE ROGER S reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group Chair and CEO Roger S. Penske reported an equity award of 39,935 shares of common stock on February 25, 2026. The shares were granted at no cash cost to him as a compensation award. Following this grant, he directly holds 179,977 common shares.
The award vests over several years: 15% of the shares vest on June 1, 2027, another 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030. A footnote clarifies that the transaction price is not relevant to this grant.
Hulgrave Michelle reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group executive vice president and CFO Michelle Hulgrave received a grant of 4,992 shares of Common Stock as an equity award. According to the vesting schedule, 15% vests on June 1, 2027, 15% on June 1, 2028, 20% on June 1, 2029, and 50% on June 1, 2030. The award was granted at no stated price as part of compensation, and she now holds 21,814 shares directly.
Penske Automotive Group director David Hoogendoorn received an equity-based award in the form of deferred stock units. On the reported date, he was granted 13 Deferred Stock Units (phantom stock) at a stated price of $0.00 per unit, characterized as a grant or award acquisition. Each unit represents one share of Penske Automotive Group common stock on a one-for-one basis. Following this award, he directly holds a total of 1,501 deferred stock units. These units become exercisable beginning on his separation from service from the company’s Board of Directors, meaning they are designed as a long-term, deferred form of compensation rather than an immediate share purchase.
SMITH GREG C reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group director Greg C. Smith received an award of 190 Deferred Stock Units (phantom stock) on March 5, 2026. The units were granted at a price of $0.0000 per unit and increase his directly held deferred stock units to 21,530.
Each unit is exchangeable on a one-for-one basis for Penske Automotive Group common stock. The units become exercisable when Smith separates from service from the company’s Board of Directors, so this is a non-cash, deferred equity compensation grant.
Pierce Sandra E. reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group director Sandra E. Pierce received a grant of 105 Deferred Stock Units (phantom stock) on March 5, 2026 as a stock-based award. Each unit is described as convertible on a one-for-one basis into company stock.
These deferred stock units become exercisable when Pierce separates from service on the company’s Board of Directors, so they function as long-term compensation rather than an immediate share issuance. After this grant, she holds a total of 11,919 deferred stock units directly.
SCOTT RAYMOND E reported acquisition or exercise transactions in this Form 4 filing.
Penske Automotive Group director Scott Raymond E received a grant of deferred stock units, described as phantom stock. The award covers 13 deferred stock units, bringing his total direct holdings of these units to 1,501.
Each unit is stated as "one for one" with the company’s stock and is exercisable beginning when he separates from service on the company’s Board of Directors. The price per unit is reported as zero, with a note that price is not relevant to this type of transaction.