Form 4: Penske Automotive Group Director Lisa Ann Davis Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Lisa Ann Davis, a director of Penske Automotive Group, reported the acquisition of 152 deferred stock units on June 4, 2024.
Summary
- On June 4, 2024, Lisa Ann Davis, a director of Penske Automotive Group, acquired 152 deferred stock units.
- These units are exercisable upon her separation from service from the Company's Board of Directors.
- Following the transaction, Ms. Davis directly owns 24,024 deferred stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports a transaction by a company director.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
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: Lisa Ann Davis acquired 152 deferred stock units. |
| 06/05/2024 | Date of report filing. |
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