KURNICK ROBERT H JR 4

What Happened
Robert H. Kurnick Jr., President and Director of Penske Automotive Group, received an award of 9,987 shares on February 25, 2026. This was an equity grant/award (Form 4 code A); no purchase price applies, so no immediate dollar value is reported.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (filed two days after the transaction).
• Transaction type: Award/Grant (code A). Price: not applicable (footnote F2).
• Shares involved: 9,987 restricted/award shares granted.
• Vesting: 15% vests 6/1/2027, 15% vests 6/1/2028, 20% vests 6/1/2029, 50% vests 6/1/2030 (footnote F1).
• Shares owned after transaction: not specified in the provided filing extract.
• Filing timeliness: filed within two business days of the reported change (typical Form 4 timing).

Context
This was an equity award as part of compensation, not an open-market purchase or sale—such grants generally reflect pay/retention arrangements and have multi-year vesting. Because no price or immediate sale occurred, this transaction does not represent a buy/sell market signal; its impact depends on future vesting and any subsequent sales.