Form 4: Penske Automotive President Gifts Shares
Insider Transaction Report
Penske Automotive Group President and Director Robert H. Kurnick Jr. reported a future gift of 943 shares of common stock, reducing his direct beneficial ownership.
Summary
- Robert H. Kurnick Jr., President and Director of Penske Automotive Group, Inc. (PAG), reported a transaction involving the company's common stock.
- On November 21, 2025, Kurnick is scheduled to dispose of 943 shares of common stock via a gift (Transaction Code 'G').
- The transaction price for these shares is reported as $0.
- Following this transaction, Kurnick will directly beneficially own 29,080 shares of common stock.
- Additionally, Kurnick indirectly beneficially owns 40,584 shares of common stock through a trust.
- The Form 4 filing was signed on November 24, 2025, by Shane M. Spradlin, acting under a power of attorney.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction (gift) with no direct financial implications for the company's performance or valuation. The reporting of a future transaction date is unusual but does not inherently change the sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This insider transaction report is specific to an individual's stock holdings and does not provide information related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Robert H. Kurnick, Jr. granted a Power of Attorney to Shane M. Spradlin, Jason T. Nichol, and Maggie Feher to prepare, execute, and submit Section 16 reports (Forms 3, 4, and 5) on his behalf with the SEC. | 2025-07-21 | Streamlines the process for insider reporting compliance for Robert H. Kurnick, Jr., ensuring timely and accurate filings. |
Stakeholder Impact
- Minimal direct impact on shareholders as this is a personal transaction by an insider, not a company action.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2025-07-21 | Date Robert H. Kurnick, Jr. executed the Power of Attorney. |
| 2025-11-21 | Date of the reported transaction (gift of common stock). |
| 2025-11-24 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Penske Automotive Group, PAG, Robert H. Kurnick Jr., Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Director, President
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