Penske Automotive director granted 100 deferred stock units

Penske Automotive Group director reports deferred stock unit grant A director of Penske Automotive Group, Inc. (PAG) filed a Form 4 disclosing an award of 100 deferred stock units (phantom stock) on 12/02/2025.

Rhea-AI Filing Summary

Penske Automotive Group director reports deferred stock unit grant

A director of Penske Automotive Group, Inc. (PAG) filed a Form 4 disclosing an award of 100 deferred stock units (phantom stock) on 12/02/2025. Each unit represents the right to receive one share of common stock on a one-for-one basis, and these units become exercisable when the director separates from service on the company’s board. After this grant, the director beneficially owns 11,814 derivative securities in the form of deferred stock units, held directly. The transaction price is noted as not relevant for this type of award.

Insider Trade Summary

Grant/Award: 100 shares

Grant/Award 1 txn

Insider Pierce Sandra E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units (Phantom Stock)	100	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 11,814 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.

FAQ

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What insider transaction did PAG disclose in this Form 4?

The filing reports that a director of Penske Automotive Group, Inc. (PAG) received 100 deferred stock units (phantom stock) on 12/02/2025.

How do the deferred stock units reported by PAG convert into common shares?

Each deferred stock unit converts into one share of PAG common stock on a one-for-one basis, as noted in the explanation of responses.

When do the PAG director’s deferred stock units become exercisable?

The deferred stock units are exercisable beginning on the director’s separation from service on Penske Automotive Group’s board of directors.

How many deferred stock units does the PAG director own after this transaction?

Following the reported transaction, the director beneficially owns 11,814 deferred stock units, held in direct ownership form.

Does the Form 4 indicate a transaction price for the PAG deferred stock units?

The explanation of responses states that price is not relevant to this transaction involving deferred stock units.

What is the reporting person’s relationship to Penske Automotive Group (PAG)?

The filing identifies the reporting person as a director of Penske Automotive Group, Inc. and the Form 4 is filed for one reporting person.

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Accepted by SEC EDGAR 12/04/2025 - 04:53 PM 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^*

Pierce Sandra E.

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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

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

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)	12/02/2025		A		100		(2)	(3)	Common Stock	100	(4)	11,814	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	12/04/2025
	** 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.