Penske director granted 223 deferred stock units

Penske Automotive Group director Lisa Ann Davis reported receiving a grant of 223 Deferred Stock Units (phantom stock) on March 5, 2026.

Rhea-AI Filing Summary

Penske Automotive Group director Lisa Ann Davis reported receiving a grant of 223 Deferred Stock Units (phantom stock) on March 5, 2026. The award was recorded at a price of $0.00 per unit as a grant or other acquisition rather than a market purchase.

Each unit is described as "one for one" with the company’s common stock and becomes exercisable when she separates from service on the Board of Directors. Following this grant, Davis is shown as directly holding 25,336 deferred stock units tied to Penske Automotive Group.

Insider Trade Summary

Grant/Award: 223 shares

Grant/Award 1 txn

Insider Davis Lisa Ann

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units (Phantom Stock)	223	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 25,336 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.

FAQ

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

What insider transaction did Lisa Ann Davis report at PAG?

Lisa Ann Davis reported receiving a grant of 223 Deferred Stock Units tied to Penske Automotive Group common stock. The grant was recorded at $0.00 per unit as a non-cash award, increasing her direct deferred stock unit holdings to 25,336 units.

When were the 223 deferred stock units granted to the PAG director?

The 223 Deferred Stock Units were granted on March 5, 2026. This date reflects when the non-cash award was credited to director Lisa Ann Davis, as disclosed in the Form 4 insider transaction report for Penske Automotive Group.

How many deferred stock units does Lisa Ann Davis hold after this PAG award?

After this award, Lisa Ann Davis holds 25,336 Deferred Stock Units linked to Penske Automotive Group common stock. The Form 4 notes this total as her direct ownership of deferred units following the grant of an additional 223 units.

What are Deferred Stock Units (Phantom Stock) in the PAG filing?

The filing describes Deferred Stock Units (Phantom Stock) that convert on a one-for-one basis into Penske Automotive Group common stock. These units are exercisable once the reporting person separates from service on the company’s Board of Directors, aligning director compensation with shareholder value.

When can Lisa Ann Davis exercise her Penske deferred stock units?

According to the filing, the Deferred Stock Units become exercisable once Lisa Ann Davis separates from service on Penske Automotive Group’s Board of Directors. Until that separation, the units remain deferred compensation rather than immediately deliverable common shares.

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

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Accepted by SEC EDGAR 03/09/2026 - 07:55 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^*

Davis Lisa Ann

(Last) (First) (Middle)

2555 TELEGRAPH RD.

(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)
03/05/2026

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)	03/05/2026		A		223		(2)	(3)	Common Stock	223	(4)	25,336	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	03/09/2026
	** 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.