Form 4: Penske Automotive Director Acquires Stock Units

Penske Automotive Group Director Wolfgang Duerheimer acquired 187 deferred stock units, increasing his beneficial ownership to 21,937 units.

Summary

• Wolfgang Duerheimer, a Director of Penske Automotive Group, Inc. (PAG), acquired 187 Deferred Stock Units (Phantom Stock).
• The transaction date for this acquisition was December 2, 2025.
• Each Deferred Stock Unit is convertible on a one-for-one basis into Common Stock.
• Following this transaction, Wolfgang Duerheimer beneficially owns a total of 21,937 Deferred Stock Units.
• These units become exercisable upon Duerheimer's separation from service to the Company's Board of Directors.

Sentiment

Score: 7

Explanation: A director's acquisition of additional equity, even if deferred, generally signals confidence in the company's future prospects and aligns management interests with shareholders. This is a positive, albeit minor, signal.

Positives

• A Director's acquisition of additional equity, even if deferred, generally signals confidence in the company's future prospects.
• The increased beneficial ownership aligns the Director's interests more closely with those of the shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive sign of alignment with shareholder interests and confidence in the company's long-term value.

Next Steps

• The acquired deferred stock units will become exercisable upon Wolfgang Duerheimer's separation from service to the Company's Board of Directors.

Key Dates

Keywords

Penske Automotive Group, PAG, Wolfgang Duerheimer, Director, Insider Transaction, Deferred Stock Units, Beneficial Ownership, Equity Compensation