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Penske director granted 144 deferred stock units

A Penske Automotive Group director received 144 additional deferred stock units tied to common shares, increasing his deferred holdings to 21,852 units.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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

Penske Automotive Group, Inc. (PAG) reported that director Greg C. Smith received a grant of 144 Deferred Stock Units on September 1, 2026. Each unit represents a right to receive one share of Penske Automotive Group common stock and is exercisable beginning upon his separation from service on the Board of Directors.

After this award, Greg C. Smith holds a total of 21,852 Deferred Stock Units related to Penske Automotive Group common stock. No Rule 10b5-1 trading plan is reported for this award.

Positive

  • None.

Negative

  • None.
Insider SMITH GREG C
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units (Phantom Stock) F1, F4, F2, F3 144 -- --
Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 21,852 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.
Deferred Stock Units granted 144 units Grant to director Greg C. Smith on September 1, 2026
Deferred Stock Units outstanding after grant 21,852 units Total Deferred Stock Units held by Greg C. Smith after the reported award
Conversion ratio 1 unit for 1 share of common stock Each Deferred Stock Unit represents one share of Penske Automotive Group common stock
Deferred Stock Units (Phantom Stock) financial
"Deferred Stock Units (Phantom Stock)"
Common Stock financial
"underlying security title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
separation from service financial
"These units are exercisable beginning on the reporting person's separation from service"

FAQ

What insider transaction did PAG report for Greg C. Smith?
Penske Automotive Group reported that director Greg C. Smith received a grant of 144 Deferred Stock Units on September 1, 2026, increasing his total Deferred Stock Units related to company common stock to 21,852 units.

How many Deferred Stock Units does the PAG director hold after this grant?
Following the September 1, 2026 grant, director Greg C. Smith holds 21,852 Deferred Stock Units that are referenced to Penske Automotive Group common stock.

What is the conversion ratio of the PAG Deferred Stock Units granted to Greg C. Smith?
The Deferred Stock Units granted to Greg C. Smith convert on a one-for-one basis, meaning each unit represents the right to receive one share of Penske Automotive Group common stock when exercisable.

When can the PAG director exercise these newly granted Deferred Stock Units?
The filing states that the Deferred Stock Units are exercisable beginning on Greg C. Smith’s separation from service on Penske Automotive Group’s Board of Directors.

Was the PAG director’s Deferred Stock Unit grant made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with this grant of Deferred Stock Units to Greg C. Smith.

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SEC Form 4
FORM 4UNITED 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*
SMITH GREG C
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units (Phantom Stock)(1)09/01/2026A144 (2) (3)Common Stock144(4)21,852D
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 attorney09/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR