Denker Claude H III 4

What Happened
Claude H. Denker III, Executive Vice President — Human Resources at Penske Automotive Group (PAG), was granted 4,994 shares (transaction coded as an award/acquisition) on February 25, 2026. No per-share price or total dollar value is provided in the filing (price is not relevant to this transaction).

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
• Transaction type/code: Award / Acquisition (A).
• Shares granted: 4,994. Price: N/A (footnote F2: price not relevant).
• Vesting schedule (footnote F1): 15% vests June 1, 2027; 15% vests June 1, 2028; 20% vests June 1, 2029; 50% vests June 1, 2030.
• Shares owned after the transaction: not disclosed in the provided filing details.
• No indication of a sale or immediate disposition — this is a time‑based compensation grant.

Context
This is a standard equity compensation award, commonly used to retain executives and align incentives; it is not an open‑market purchase or sale and does not by itself indicate insider buying or selling intent. The multi‑year vesting schedule means the shares become exercisable/owned over time rather than immediately.