Penske Automotive (NYSE: PAG) president granted 9,984 common shares

Rhea-AI Filing Summary

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.

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

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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^*

KURNICK ROBERT H JR

(Last) (First) (Middle)

2555 TELEGRAPH ROAD

(Street)

BLOOMFIELD HILLS MI 48302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PENSKE AUTOMOTIVE GROUP, INC. [ PAG ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/27/2026

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	02/25/2026		A		9,984(1)	A	(2)	39,064	D

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

Explanation of Responses:

1. Fifteen percent of these shares vest on June 1, 2027, fifteen percent of these shares vest on June 1, 2028, twenty percent of the shares vest on June 1, 2029, and fifty percent of the shares vest on June 1, 2030.

2. Price is not relevant to this transaction.

Remarks:

This amendment is being filed to correct an inadvertent tabulation error in the original Form 4 filed on February 27, 2026. The reporting person's beneficial ownership has been updated accordingly. No additional transaction occurred.

	/s/ Shane M. Spradlin, by power of attorney	03/12/2026
	** 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.
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FAQ

What did Penske Automotive Group (PAG) disclose in this Form 4/A?

Penske Automotive Group reported an equity award to its president, Robert H. Kurnick Jr., of 9,984 shares of common stock. This is a compensation-related grant, not an open-market transaction, and includes a multi-year vesting schedule that ties value to future service.

How many Penske Automotive (PAG) shares were granted to the president?

Robert H. Kurnick Jr. was granted 9,984 shares of Penske Automotive common stock. The award is recorded at a zero transaction price because it is a grant, not a purchase, reflecting stock-based compensation rather than a cash-funded investment in the shares.

What is the vesting schedule for the 9,984 PAG shares granted?

The 9,984 granted shares vest over four future dates: 15% on June 1, 2027, another 15% on June 1, 2028, 20% on June 1, 2029, and the remaining 50% on June 1, 2030. Vesting requires continued service through each date.

Is the Penske Automotive (PAG) president’s Form 4/A transaction a stock purchase or sale?

The transaction is an acquisition by grant, not a market purchase or sale. The filing labels it as a grant or award with a transaction price of $0.00 per share, indicating compensation-based stock rather than trading activity in the open market.

How many Penske Automotive (PAG) shares does Robert H. Kurnick Jr. hold after this grant?

After the reported grant, Robert H. Kurnick Jr. directly holds 39,064 shares of Penske Automotive common stock. This total includes the newly awarded 9,984 shares, subject to the stated vesting conditions over the 2027–2030 period.

Why is the price listed as zero in the PAG president’s Form 4/A grant?

The transaction price is shown as $0.00 because the shares were granted as compensation, not bought in the market. A Form 4 records both market trades and equity awards, and grants typically appear with no purchase price since the executive does not pay cash per share.