Davis Lisa Ann 4

What Happened
Lisa Ann Davis, a director of Penske Automotive Group, received an award of 223 derivative units on 2026-03-05 (reported on Form 4 filed 2026-03-09). The filing lists the transaction as an acquisition (code A) of 223 derivative interests convertible one-for-one into shares; no price or total dollar value was disclosed.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the SEC’s 2-business-day window).
• Transaction type/code: Award/Grant (A) — derivative units, 223 units.
• Price/value: Not disclosed; filing notes price is not relevant.
• Conversion: Footnote indicates one-for-one conversion to common shares (F1).
• Vesting/exercisability: Units become exercisable beginning upon the reporting person’s separation from service on the Board (F2).
• Shares owned after transaction: Not specified in the provided filing.

Context
This appears to be a deferred/director award (likely RSU-like units) that only convert to shares when Ms. Davis leaves the board, so it does not represent an immediate purchase or sale of common stock. Such awards are common for non-employee directors and are compensation rather than an active market bet; because no sale or open-market purchase occurred, this filing does not directly signal immediate buying or selling pressure.