Penske Automotive (PAG) president gets 9,987-share stock award with 2027–2030 vesting

Rhea-AI Filing Summary

KURNICK ROBERT H JR reported acquisition or exercise transactions in this Form 4 filing.

Penske Automotive Group president Robert H. Kurnick Jr. reported an equity award of 9,987 shares of common stock on February 25, 2026. After this grant, his directly held stake increased to 39,067 shares of Penske Automotive Group common stock.

The award vests over time: fifteen percent of the shares vest on June 1, 2027, another fifteen percent on June 1, 2028, twenty percent on June 1, 2029, and the remaining fifty percent on June 1, 2030. The filing notes that price is not relevant to this transaction. He also reports indirect ownership of 40,584 shares held by a trust.

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

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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^*

KURNICK ROBERT H JR

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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
Common Stock	02/25/2026		A		9,987(1)	A	(2)	39,067	D
Common Stock								40,584	I	By Trust

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

Explanation of Responses:

1. Fifteen percent of the shares vest on June 1, 2027, fifteen percent of these shares vest on June 1, 2028, twenty percent of the shares vest on June 1, 2029, and fifty percent of the shares vest on June 1, 2030.

2. Price is not relevant to this transaction.

Remarks:

	/s/ Shane M. Spradlin, by power of attorney	02/27/2026
	** 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.

FAQ

What insider transaction did PAG president Robert Kurnick report?

Robert H. Kurnick Jr., president of Penske Automotive Group, reported an equity award of 9,987 shares of common stock. The Form 4 shows this grant as a non-derivative acquisition, increasing his directly owned position in Penske Automotive Group to 39,067 common shares after the award.

How many Penske Automotive (PAG) shares does Robert Kurnick own after this Form 4?

After the reported grant, Robert H. Kurnick Jr. directly owns 39,067 shares of Penske Automotive Group common stock. The filing also lists 40,584 additional shares as indirectly owned, with the nature of this ownership described as “By Trust,” reflecting holdings attributed through a trust structure.

What is the vesting schedule for Robert Kurnick’s 9,987-share PAG stock award?

The 9,987-share award vests in four stages over several years. Fifteen percent vests on June 1, 2027, another fifteen percent on June 1, 2028, twenty percent on June 1, 2029, and the remaining fifty percent vests on June 1, 2030, subject to continued eligibility.

Does the Form 4 disclose a purchase price for Robert Kurnick’s new PAG shares?

The Form 4 indicates that price is not relevant to this transaction. The award of 9,987 shares is reported with a per-share price of 0.0000 and an explanatory footnote explicitly stating that price is not relevant for this particular equity grant event.

How are Robert Kurnick’s indirect PAG share holdings characterized in the filing?

In addition to directly owned shares, the filing reports 40,584 Penske Automotive Group shares as indirectly owned. The nature of this indirect ownership is described as “By Trust,” indicating that these shares are held through a trust arrangement rather than in his personal name.

What transaction code is used for Robert Kurnick’s PAG stock award?

The stock award is reported with transaction code “A,” which the filing describes as a grant, award, or other acquisition. This code classifies the 9,987-share common stock entry as an acquisition-type event, rather than an open-market purchase or a sale of existing holdings.