PENSKE ROGER S 4/A
Research Summary
AI-generated summary
Penske Automotive (PAG) Roger S. Penske Receives 39,935-Share Award
What Happened
Roger S. Penske, listed as a 10% owner of Penske Automotive Group, received an award/grant of 39,935 shares on February 25, 2026 (transaction code A). No per-share price or total dollar value is reported (price not relevant to this transaction). The filing on March 12, 2026 is an amendment correcting a tabulation error in the original Form 4; no additional transaction occurred.
Key Details
- Transaction date: 2026-02-25 (reported originally Feb 27, 2026; amended Mar 12, 2026 to correct totals)
- Transaction type/code: Award/Grant (A)
- Shares acquired: 39,935; Price: N/A (footnote F2 — price not relevant)
- Vesting schedule (footnote F1): 15% vests 6/1/2027, 15% vests 6/1/2028, 20% vests 6/1/2029, 50% vests 6/1/2030
- Beneficial ownership: Amended filing states beneficial ownership was updated, but the specific post-transaction total is not provided in the supplied data
- Filing status: Amendment filed to correct an inadvertent tabulation error; no additional transaction disclosed
Context
This is a time‑vesting equity award (likely part of compensation or long-term incentives), not an open-market purchase or sale. Such awards typically restrict immediate sale until vesting dates, so they signal ongoing alignment with the company but are not an immediate market sentiment indicator. As a 10% owner, Penske’s holdings are significant; this amendment corrects the record rather than reporting a new trade.