Spradlin Shane M. 4/A

What Happened

• Shane M. Spradlin, Executive Vice President, General Counsel & Secretary of Penske Automotive Group (PAG), was granted 4,992 shares (transaction code A) on February 25, 2026. No price is reported for the award (price not relevant); total dollar value is not specified in the filing. This was an equity award/issuance rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-25 (reported on an amended Form 4 filed 2026-03-12).
• Transaction type: Award/Grant (code A); price not applicable to this award.
• Shares acquired: 4,992.
• Vesting schedule (footnote): 15% vest on June 1, 2027; 15% on June 1, 2028; 20% on June 1, 2029; 50% on June 1, 2030.
• Shares owned after the transaction: amended filing updates beneficial ownership, but the provided summary does not list the post-transaction total.
• Filing status: This is an amended Form 4 to correct a tabulation error in the original Feb 27, 2026 filing. No additional transaction occurred.

Context

• This is a compensation award (likely restricted shares or RSUs) that vests over multiple years — common for executive retention and alignment with shareholder interests. Awards are not the same as purchases and do not necessarily signal a near-term bullish or bearish view by the insider.
• The original Form 4 appears to have been timely; the March 12 filing amends the earlier filing only to correct reporting details.