Form 4: Penske Automotive Group Director Robert Kurnick Jr. Reports Stock Transaction
SEC Form 4 Filing
Robert Kurnick Jr., a director and President of Penske Automotive Group, reported the withholding of 6,175 common stock shares for tax obligations on June 1, 2024.
Summary
- On June 1, 2024, Robert H. Kurnick Jr., a director and President of Penske Automotive Group, Inc., had 6,175 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $152.1 per share.
- Following the transaction, Kurnick directly owns 48,614 shares and indirectly owns 34,981 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of stock transaction (tax withholding) |
| 06/04/2024 | Date of signature for the report |
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