Form 4: Penske Automotive Group Executive Shane Spradlin Reports Stock Transactions
SEC Form 4 Filing
Shane M. Spradlin, EVP, General Counsel & Secretary of Penske Automotive Group, reports disposition of shares for tax obligations and a gift.
Summary
- On June 1, 2024, Shane M. Spradlin, EVP, General Counsel & Secretary of Penske Automotive Group, disposed of 3,237 shares of common stock at a price of $152.10 to cover tax obligations related to vested restricted stock.
- Following this transaction, Spradlin directly owns 39,935 shares of common stock.
- On June 3, 2024, Spradlin gifted 68 shares of common stock.
- Following this transaction, Spradlin directly owns 39,867 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive stock transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Disposition of 3,237 shares for tax obligations. |
| 06/03/2024 | Gift of 68 shares. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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