Form 4: Penske Automotive Group President Reports Stock Sales Following Restricted Stock Vesting

Penske Automotive Group's President, Robert H. Kurnick Jr., reported the sale of common stock totaling 11,357 shares and the withholding of 8,781 shares for tax purposes following the vesting of restricted stock.

Summary

• Robert H. Kurnick Jr., President and Director of Penske Automotive Group, Inc. (PAG), filed a Form 4 detailing recent transactions involving the company's common stock.
• On June 1, 2025, 8,781 shares of common stock were withheld by the Issuer for the payment of taxes related to the vesting of restricted stock, at a price of $164.18 per share.
• On June 2, 2025, Mr. Kurnick Jr. sold 11,357 shares of common stock in the open market at a weighted average price of $160.11 per share, with individual trade prices ranging from $155.99 to $161.19.
• Following these reported transactions, Mr. Kurnick Jr. directly beneficially owns 29,080 shares of common stock and indirectly owns 41,527 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing insider transactions, specifically the disposition of shares by an executive for tax purposes and a subsequent sale. It does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Negatives

• Robert H. Kurnick Jr., President and Director, disposed of a total of 20,138 shares (8,781 for tax withholding and 11,357 through sale), reducing his direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions represent a slight reduction in direct insider ownership, which is a common occurrence for executive compensation and personal financial management.

Key Dates

Keywords

Penske Automotive Group, PAG, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Executive Compensation, Robert H. Kurnick Jr.