Roger S. Penske - 15 Feb 2023 Form 4 Insider Report for PENSKE AUTOMOTIVE GROUP, INC. (PAG)

Role
Chair & CEO, Director, 10%+ Owner
Signature
/s/Shane M. Spradlin as attorney in fact
Issuer symbol
PAG
Transactions as of
15 Feb 2023
Net transactions value
$0
Form type
4
Filing time
17 Feb 2023, 07:19:25 UTC
Previous filing
03 Jun 2022
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PAG Common Stock Award +50,668 +8.1% 673,389 15 Feb 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fifteen percent of the shares vest on June 1, 2024, fifteen percent of the shares vest on June 1, 2025, twenty percent of the shares vest on June 1, 2026, and fifty percent of the shares vest on June 1, 2027.
F2 Price is not relevant to this transaction.
F3 Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports indirect beneficial ownership of 286,833 shares held in a trust. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.