Spradlin Shane M. 4

What Happened Shane M. Spradlin, EVP, General Counsel & Secretary of Penske Automotive Group (PAG), received an award of 4,994 shares on February 25, 2026. The filing lists the transaction as an award/grant (code A) and does not report a per-share price or total value (price noted as not relevant).

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (timely filing).
• Transaction type: Award/Grant (A). Price: N/A (footnote indicates price not relevant).
• Vesting schedule (footnote): 15% vest on 2027-06-01, 15% on 2028-06-01, 20% on 2029-06-01, and 50% on 2030-06-01.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1, sale, exercise, or tax-withholding details reported in this excerpt.

Context This was a compensation grant, not an open-market purchase or sale — common for executives and typically subject to multi-year vesting. Such awards are routine forms of executive pay and do not, by themselves, indicate a trading decision or immediate market action.