Hoogendoorn David 4

What Happened

• David Hoogendoorn, a director of Penske Automotive Group, was granted 13 derivative units (an award/acquisition) on 2026-03-05. The filing lists no price or total dollar value for the grant. This is a compensation/award transaction (not an open-market purchase or sale) and does not represent an immediate cash purchase or sale of shares.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely — two business days after the transaction).
• Shares/units acquired: 13 derivative units; price: N/A; total value: N/A.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes from the filing:
  • F1: One-for-one conversion (units convert 1:1 into shares).
  • F2: These units become exercisable/convertible beginning on the reporting person's separation from service from the Company’s Board of Directors.
  • F3: Not applicable.
  • F4: Price is not relevant to this transaction.
• This was an award (transaction code A), not a sale; no indication of immediate exercise or sale of underlying shares.

Context

• This appears to be a deferred/contingent director award (units that convert to shares upon separation from the board), so it does not reflect an immediate change in the marketable share position. Such awards are commonly part of director compensation and should be treated as compensation disclosure rather than a direct buying/selling signal.