Form 4: Penske Automotive Director Acquires 1,488 Phantom Stock
Insider Transaction Report
Penske Automotive Group Director Raymond E. Scott reported the acquisition of 1,488 deferred stock units, aligning his interests with shareholders.
Summary
- Raymond E. Scott, a Director of Penske Automotive Group, Inc. (PAG), acquired 1,488 Deferred Stock Units (Phantom Stock).
- The transaction date for this acquisition was December 16, 2025.
- These units convert one-for-one into Common Stock.
- The units become exercisable upon Mr. Scott's separation from service from the Company's Board of Directors.
- A Power of Attorney was filed, authorizing Shane M. Spradlin, Jason T. Nichol, and Maggie Feher to prepare and file Section 16 reports (Forms 3, 4, and 5) on behalf of Mr. Scott.
Sentiment
Score: 7
Explanation: The acquisition of deferred stock units by a director is a standard practice for aligning executive interests with shareholder value. It's a routine disclosure without significant immediate impact but generally viewed as a positive for corporate governance.
Positives
- Director Raymond E. Scott acquired 1,488 Deferred Stock Units, which typically aligns management interests with shareholder value.
- The units convert one-for-one into common stock, providing a direct link to the company's equity performance.
Negatives
- No negative information was disclosed in this routine insider transaction report.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | A Power of Attorney was granted by Raymond E. Scott to Shane M. Spradlin, Jason T. Nichol, and Maggie Feher, authorizing them to prepare and file Section 16 reports (Forms 3, 4, and 5) on his behalf. | 2025-07-24 | This streamlines compliance for insider transaction reporting, ensuring timely and accurate filings. |
Related Party Transactions
- The acquisition of deferred stock units by a director is a form of equity compensation, which is a standard related party transaction disclosed in this filing.
Stakeholder Impact
- Shareholders: Increased alignment of a director's interests with shareholder value through equity compensation.
Next Steps
- The Deferred Stock Units will become exercisable upon Raymond E. Scott's separation from service from the Company's Board of Directors.
Key Dates
| Date | Description |
|---|---|
| 2025-07-24 | Date Raymond E. Scott executed the Power of Attorney. |
| 2025-12-16 | Transaction date for the acquisition of Deferred Stock Units. |
| 2025-12-18 | Date the Form 4 was signed by power of attorney. |
| 2031-03-27 | Expiration date of Notary Public commission for Deirdre Thomas. |
Keywords
Penske Automotive Group, PAG, Raymond E. Scott, Director, Insider Transaction, Form 4, Deferred Stock Units, Phantom Stock, Equity Compensation, Corporate Governance
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