Penske director granted 158 deferred stock units

Penske Automotive director Wolfgang Duerheimer received 158 deferred stock units, increasing his deferred stock-based holdings to 23,987 units.

Rhea-AI Filing Summary

PENSKE AUTOMOTIVE GROUP, INC. (symbol: PAG) is the issuer of record for a Form 4 filing submitted to the SEC. Duerheimer Wolfgang reported acquisition or exercise transactions in this Form 4 filing.

Penske Automotive Group, Inc. (PAG) director Wolfgang Duerheimer reported a compensation-related grant of 158 Deferred Stock Units (Phantom Stock) on September 1, 2026. Each unit is convertible into one share of common stock upon his separation from service on the Board, bringing his direct deferred unit holdings to 23,987 units.

Insider Trade Summary

Grant/Award: 158 shares

Grant/Award 1 txn

Insider Duerheimer Wolfgang

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units (Phantom Stock) F1, F4, F2, F3	158	--	--

Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 23,987 contracts (Direct)

Footnotes (4)

1. F1. One for one.
2. F2. These units are exercisable beginning on the reporting person's separation from service to the Company's Board of Directors.
3. F3. Not applicable.
4. F4. Price is not relevant to this transaction.

Key Figures

Deferred Stock Units granted: 158 units Deferred Stock Units following transaction: 23,987 units Conversion ratio: 1 unit for 1 share of common stock

3 metrics

Deferred Stock Units granted 158 units Grant of Deferred Stock Units (Phantom Stock) on September 1, 2026

Deferred Stock Units following transaction 23,987 units Total direct Deferred Stock Units (Phantom Stock) held after the grant

Conversion ratio 1 unit for 1 share of common stock Each Deferred Stock Unit is convertible into one share of Penske Automotive common stock

Key Terms

Deferred Stock Units (Phantom Stock), one for one, separation from service, Board of Directors

4 terms

Deferred Stock Units (Phantom Stock) financial

"The security reported is Deferred Stock Units (Phantom Stock) linked to common stock."

one for one financial

"A footnote states the conversion ratio is one for one into common stock."

separation from service financial

"Units are exercisable beginning on the reporting person's separation from service."

Board of Directors financial

"Exercisability begins upon separation from service to the Company's Board of Directors."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PAG director Wolfgang Duerheimer report?

Wolfgang Duerheimer reported a grant of 158 Deferred Stock Units (Phantom Stock) on September 1, 2026, as a compensation-related acquisition that increases his deferred stock-based interest in Penske Automotive Group.

How many Penske Automotive Group (PAG) deferred stock units does Wolfgang Duerheimer hold after this Form 4?

After the September 1, 2026 grant, Wolfgang Duerheimer directly holds 23,987 Deferred Stock Units (Phantom Stock), each representing the right to receive one share of PAG common stock, subject to the plan terms.

What are the key terms of the deferred stock units reported by PAG director Wolfgang Duerheimer?

The reported security is Deferred Stock Units (Phantom Stock), convertible on a one-for-one basis into PAG common stock. According to the disclosure, the units are exercisable beginning on his separation from service on the company’s Board of Directors.

Is price information relevant for the PAG deferred stock unit grant to Wolfgang Duerheimer?

No. The filing states that price is not relevant to this transaction, reflecting that the 158 Deferred Stock Units were a compensation-related grant rather than an open-market purchase or sale at a stated per-share price.

Was Wolfgang Duerheimer’s PAG Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 1, 2026 deferred stock unit grant was made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/03/2026 - 04:26 PM EDT Accepted by SEC EDGAR 09/03/2026 - 04:16 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Duerheimer Wolfgang

(Last) (First) (Middle)

2555 TELEGRAPH RD.

(Street)

BLOOMFIELD HILLS MICHIGAN 48302

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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

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
Deferred Stock Units (Phantom Stock)	(1)	09/01/2026		A		158		(2)	(3)	Common Stock	158	(4)	23,987	D

Explanation of Responses:

1. One for one.

2. These units are exercisable beginning on the reporting person's separation from service to the Company's Board of Directors.

3. Not applicable.

4. Price is not relevant to this transaction.

Remarks:

	/s/ Shane M. Spradlin, by power of attorney	09/03/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)