Penske director granted 195 deferred stock units

Duerheimer Wolfgang reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Duerheimer Wolfgang reported acquisition or exercise transactions in this Form 4 filing.

Penske Automotive Group director Wolfgang Duerheimer received a grant of deferred stock units, a form of phantom stock compensation. On this date, he was awarded 195 deferred stock units tied one-for-one to Penske common stock, with no cash price involved. These units become exercisable after his separation from service on the company’s Board of Directors. Following this award, his direct holdings in this deferred stock unit plan total 23,828 units.

Insider Trade Summary

Grant/Award: 195 shares

Grant/Award 1 txn

Insider Duerheimer Wolfgang

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units (Phantom Stock)	195	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 23,828 contracts (Direct)

Footnotes (4)

1. F1. One for one.
2. F2. These units are exercisable beginning on the reporting person's separation from service from 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: 195 units Deferred stock units after grant: 23,828 units Transaction price per unit: $0.0000 per unit +1 more

4 metrics

Deferred stock units granted 195 units Grant of deferred stock units (phantom stock) on reported date

Deferred stock units after grant 23,828 units Total direct deferred stock unit holdings following transaction

Transaction price per unit $0.0000 per unit Price marked as not relevant for this compensation grant

Underlying common stock 195 shares Each deferred stock unit represents one share of common stock

Key Terms

Deferred Stock Units (Phantom Stock), grant, award, or other acquisition, separation from service, underlying security

4 terms

Deferred Stock Units (Phantom Stock) financial

"security_title: "Deferred Stock Units (Phantom Stock)""

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

separation from service financial

"These units are exercisable beginning on the reporting person's separation from service"

underlying security financial

"underlying_security_title: "Common Stock""

FAQ

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

What did Wolfgang Duerheimer report in this PAG Form 4 filing?

Wolfgang Duerheimer reported receiving 195 deferred stock units as compensation. These units are phantom stock tied one-for-one to Penske Automotive Group common shares, increasing his deferred stock unit holdings to 23,828 units after the transaction.

Is the Wolfgang Duerheimer PAG Form 4 transaction a stock purchase or sale?

The Form 4 shows an acquisition through a grant or award, not a market purchase or sale. Duerheimer received 195 deferred stock units at a stated price of $0.0000 per unit as part of his director compensation.

When can Wolfgang Duerheimer’s PAG deferred stock units be exercised?

The deferred stock units become exercisable when Wolfgang Duerheimer separates from service on Penske Automotive Group’s Board of Directors. Until that separation event, the units remain unexercised but are tied one-for-one to the company’s common stock.

How many deferred stock units does Wolfgang Duerheimer hold after this PAG grant?

After the grant of 195 deferred stock units, Wolfgang Duerheimer’s direct holdings total 23,828 deferred stock units. This figure reflects his position in the company’s phantom stock program following the reported compensation-related acquisition.

Does the PAG Form 4 indicate a relevant price for the deferred stock unit grant?

The Form 4 shows a transaction price of $0.0000 for the 195 deferred stock units. A footnote clarifies that price is not relevant to this transaction, underscoring that it is a compensation award rather than a cash purchase.

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

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Accepted by SEC EDGAR 06/05/2026 - 09:00 AM 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)
06/03/2026

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)	06/03/2026		A		195		(2)	(3)	Common Stock	195	(4)	23,828	D

Explanation of Responses:

1. One for one.

2. These units are exercisable beginning on the reporting person's separation from service from 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	06/05/2026
	** 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)