Penske (PAG) director receives 209 deferred stock units as equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Davis Lisa Ann reported acquisition or exercise transactions in this Form 4 filing.

Penske Automotive Group director Lisa Ann Davis received a grant of 209 Deferred Stock Units (phantom stock) linked to the company’s common stock. These units were awarded at a stated price of $0.00 per unit as a compensation-related grant.

Each deferred stock unit is convertible into one share of Penske Automotive Group common stock on a one-for-one basis. According to the disclosure, these units become exercisable beginning upon Davis’s separation from service from the company’s Board of Directors. Following this grant, she directly holds a total of 25,546 deferred stock units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Davis Lisa Ann

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units (Phantom Stock)	209	$0.00	--

Holdings After Transaction: Deferred Stock Units (Phantom Stock) — 25,546 shares (Direct, null)

Footnotes (1)

One for one. These units are exercisable beginning on the reporting person's separation from service from the Company's Board of Directors. Not applicable. Price is not relevant to this transaction.

Key Figures

Deferred stock units granted: 209 units Total deferred stock units after grant: 25,546 units Stated transaction price: $0.00 per unit +1 more

4 metrics

Deferred stock units granted 209 units Grant of Deferred Stock Units (phantom stock) on June 3, 2026

Total deferred stock units after grant 25,546 units Direct holdings of Lisa Ann Davis following the transaction

Stated transaction price $0.00 per unit Compensation-related grant; footnote states price is not relevant

Conversion ratio 1-for-1 Each deferred stock unit converts into one share of common stock

Key Terms

Deferred Stock Units (Phantom Stock), one for one, separation from service, Common Stock

4 terms

Deferred Stock Units (Phantom Stock) financial

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

one for one financial

"Footnote: "One for one." describing the conversion ratio"

separation from service financial

"Footnote: "exercisable beginning on the reporting person's separation from service""

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.

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 09:01 AM

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units (Phantom Stock)	⁽¹⁾	06/03/2026		A		209		⁽²⁾	⁽³⁾	Common Stock	209	⁽⁴⁾	25,546	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PAG director Lisa Ann Davis report?

Lisa Ann Davis reported receiving 209 Deferred Stock Units tied to Penske Automotive Group common stock. The grant is recorded at a stated price of $0.00 per unit and increases her directly held deferred stock units to a total of 25,546.

How many Penske (PAG) deferred stock units does Lisa Ann Davis hold after this grant?

After the latest grant, Lisa Ann Davis holds 25,546 Deferred Stock Units. This total includes the newly awarded 209 units and represents her direct holdings in phantom stock linked on a one-for-one basis to Penske Automotive Group common shares.

When can the new PAG deferred stock units granted to Lisa Ann Davis be exercised?

The newly granted deferred stock units become exercisable beginning on Lisa Ann Davis’s separation from service from Penske Automotive Group’s Board. At that time, each unit can convert into one share of the company’s common stock under the one-for-one exchange ratio.

What does the $0.00 price mean for the PAG deferred stock unit grant?

The grant lists a transaction price of $0.00 per deferred stock unit, reflecting a compensation award rather than a market purchase. A filing footnote explains that price is not relevant to this transaction, emphasizing its nature as a non-cash equity-based grant.

How are Penske (PAG) deferred stock units linked to common stock for Lisa Ann Davis?

Each Deferred Stock Unit granted to Lisa Ann Davis is linked to Penske Automotive Group common stock on a one-for-one basis. This means every unit can convert into one common share when exercisable, aligning the value of her phantom stock with the company’s share price.