Denker Claude H III 4

What Happened
Claude H. Denker III, Executive Vice President — Human Resources at Penske Automotive Group (PAG), had 2,977 shares of company stock withheld on June 1, 2026 to cover tax obligations tied to restricted stock that vested. The withholding was recorded at $170.44 per share for a total value of approximately $507,400. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: June 1, 2026; filing date: June 3, 2026 (Accession: 0001628280-26-040324) — appears timely.
• Price per share: $170.44; shares withheld/disposed: 2,977; total value ≈ $507,400.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 indicates the shares were withheld to pay taxes on restricted stock that vested on June 1, 2026.
• Transaction code: F (tax withholding).

Context
Tax-withholding by the company on vested restricted stock is routine and does not imply a discretionary sale by the insider. It’s a standard way to satisfy tax liabilities when RSUs vest; it should not be interpreted as a bullish or bearish trading signal.