Form 4: Penske Automotive Group Director Acquires Deferred Stock Units
SEC Form 4 Filing
Wolfgang Duerheimer, a director of Penske Automotive Group, acquired 123 deferred stock units on June 4, 2024, exercisable upon separation from the company's Board of Directors.
Summary
- On June 4, 2024, Wolfgang Duerheimer, a director of Penske Automotive Group, acquired 123 deferred stock units.
- These units are exercisable beginning upon Duerheimer's separation from service from the Company's Board of Directors.
- Following the transaction, Duerheimer directly owns 19,477 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing reflects routine insider transactions and is typical for directors of publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves deferred stock units granted to a director.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: Wolfgang Duerheimer acquired 123 deferred stock units. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
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