Form 4: Penske Automotive Director Receives Deferred Stock Units

Director Raymond E. Scott acquired 12 deferred stock units as part of his compensation package with Penske Automotive Group.

Summary

• Raymond E. Scott, a Director at Penske Automotive Group, Inc. (PAG), acquired 12 deferred stock units on June 3, 2026.
• The transaction involves phantom stock units that convert to common stock on a one-for-one basis.
• These units are exercisable only upon the reporting person's separation from service from the Company's Board of Directors.
• Following this transaction, the reporting person holds a total of 1,514 deferred stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Value of deferred stock units is subject to the future market performance of Penske Automotive Group common stock.

Future Outlook

The units are held until the director's separation from the Board, indicating a long-term retention incentive.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the automotive retail sector to ensure directors remain focused on long-term equity performance.

Comparison to Industry Standards

• The use of deferred stock units for board compensation is consistent with standard practices at peer automotive retailers like AutoNation and Group 1 Automotive.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation grant.

Next Steps

• The reporting person will hold these units until their eventual separation from the Board of Directors.

Key Dates

Keywords

Penske Automotive Group, PAG, Form 4, Insider Trading, Director Compensation, Deferred Stock Units