Form 4: Penske Automotive Group Director John Barr Acquires Deferred Stock Units
SEC Form 4 Filing
Director John Barr acquired 233 deferred stock units of Penske Automotive Group on June 4, 2024, according to a Form 4 filing.
Summary
- On June 4, 2024, John Barr, a director of Penske Automotive Group, Inc., acquired 233 deferred stock units (phantom stock).
- These units are exercisable upon Mr. Barr's separation from service from the Company's Board of Directors.
- Following the transaction, Mr. Barr directly owns 36,865 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a director's acquisition of deferred stock units. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's securities. This filing indicates a change in beneficial ownership for a director of Penske Automotive Group.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: John Barr acquired 233 deferred stock units. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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