Form 4: Director Smith Acquires Deferred Stock Units in Penske Automotive Group
SEC Form 4 Filing
Director Greg C. Smith acquired 151 deferred stock units in Penske Automotive Group on March 6, 2025, according to a Form 4 filing.
Summary
- On March 6, 2025, Greg C. Smith, a director of Penske Automotive Group, Inc., acquired 151 deferred stock units (phantom stock).
- These units are exercisable upon Smith's separation from service from the Company's Board of Directors.
- Following the transaction, Smith beneficially owns 20,847 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of transaction: Acquisition of deferred stock units. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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