Form 4: Penske Automotive Group Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director Wolfgang Duerheimer acquired 128 deferred stock units (phantom stock) in Penske Automotive Group on September 4, 2024.
Summary
- On September 4, 2024, Wolfgang Duerheimer, a director of Penske Automotive Group, Inc. (PAG), acquired 128 deferred stock units.
- These units are exercisable upon Duerheimer's separation from service from the Company's Board of Directors.
- Following the transaction, Duerheimer directly owns 19,605 common stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, which is neutral in sentiment.
Future Outlook
The deferred stock units are exercisable beginning on the reporting person's separation from service from the Company's Board of Directors.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and 10% owners) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 09/04/2024 | Date of transaction: Wolfgang Duerheimer acquired 128 deferred stock units. |
| 09/06/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.