Form 4: Kimberly J McWaters Acquires Deferred Stock Units in Penske Automotive Group
SEC Form 4 Filing
Director Kimberly J McWaters acquired 345 deferred stock units in Penske Automotive Group on June 4, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 4, 2024, Kimberly J McWaters, a director of Penske Automotive Group, acquired 345 deferred stock units (phantom stock).
- These units are exercisable upon McWaters' separation from service from the Company's Board of Directors.
- Following the transaction, McWaters directly owns 54,547 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
This 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 a company director.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: Kimberly J McWaters acquired deferred stock units. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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