Form 4: Director Sandra E. Pierce Acquires Deferred Stock Units in Penske Automotive Group
SEC Form 4 Filing
Sandra E. Pierce, a director of Penske Automotive Group, acquired 74 deferred stock units on September 4, 2024, which are exercisable upon separation from the company's Board of Directors.
Summary
- On September 4, 2024, Sandra E. Pierce, a director of Penske Automotive Group, acquired 74 deferred stock units (phantom stock).
- These units are exercisable beginning on the reporting person's separation from service from the Company's Board of Directors.
- Following the transaction, Ms. Pierce directly owns 11,375 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the holdings of company directors.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of transaction: Sandra E. Pierce acquired 74 deferred stock units. |
| 09/06/2024 | Date of signature on the Form 4 filing. |
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