Form 4: Penske Automotive Director Acquires Deferred Stock Units

Penske Automotive Group Director Wolfgang Duerheimer reported the acquisition of 1,488 deferred stock units, increasing his beneficial ownership.

Summary

• Wolfgang Duerheimer, a Director of Penske Automotive Group, Inc. (PAG), acquired 1,488 Deferred Stock Units (Phantom Stock).
• The transaction date for the acquisition was December 16, 2025.
• Following this transaction, Mr. Duerheimer beneficially owns a total of 23,425 Deferred Stock Units.
• These units are exercisable beginning on Mr. Duerheimer's separation from service from the Company's Board of Directors.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The acquisition of additional equity by a director is generally a positive signal, indicating confidence in the company's future performance and aligning management interests with shareholders. The transaction is routine and part of compensation.

Positives

• Director Wolfgang Duerheimer increased his beneficial ownership in Penske Automotive Group by acquiring 1,488 Deferred Stock Units, aligning his interests with long-term shareholder value.

Future Outlook

The exercisability of the acquired deferred stock units is tied to the reporting person's future separation from service from the Company's Board of Directors, indicating a long-term retention incentive.

Industry Context

This is a routine insider transaction filing, common for directors receiving equity compensation, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction increases a director's stake, potentially signaling confidence and aligning interests.
• Director (Wolfgang Duerheimer): Increases his equity compensation and long-term incentive in the company.

Next Steps

• The Deferred Stock Units will become exercisable upon Wolfgang Duerheimer's separation from service from the Company's Board of Directors.

Key Dates

Keywords

Penske Automotive Group, PAG, Wolfgang Duerheimer, Form 4, Insider Transaction, Deferred Stock Units, Phantom Stock, Director Ownership, Equity Compensation, Rule 10b5-1