Hulgrave Michelle 4

What Happened

• Michelle Hulgrave, EVP & Chief Financial Officer of Penske Automotive Group (PAG), received an award/grant of 4,994 shares on February 25, 2026. The reported transaction is coded as an award/grant (A); no purchase price is reported and total value is not provided.

Key Details

• Transaction date: 2026-02-25; Form filed: 2026-02-27 (appears timely).
• Shares granted: 4,994; price: not applicable (per filing footnote).
• Vesting schedule (footnote): 15% vests on 6/1/2027, 15% on 6/1/2028, 20% on 6/1/2029, and 50% on 6/1/2030.
• Shares owned after transaction: not reported in the supplied filing excerpt.
• Transaction code meaning: A = Award/Grant.

Context

• This is a time‑based equity award (compensation) rather than an open‑market purchase or sale, so it does not represent an immediate bullish or bearish trading signal. The multi-year vesting schedule means the shares are subject to future service or performance conditions before they become fully owned/transferable.