Duerheimer Wolfgang 4

What Happened Wolfgang Duerheimer, a director of Penske Automotive Group, was granted 195 derivative units (transaction code A) on June 3, 2026. The filing lists these as a grant/other acquisition; no purchase price or immediate cash value is provided (price not applicable). The units are one-for-one convertible to common shares and become exercisable beginning upon the reporting person's separation from service on the Company's Board.

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (filed within the typical 2-business-day window).
• Quantity: 195 derivative units; price: N/A (price not relevant per filing).
• Post-transaction share/units held: not specified in the filing.
• Footnotes: F1 = one-for-one conversion; F2 = units exercisable beginning on separation from the Board; F4 = price not relevant.
• Transaction type: Award/grant of derivative units (code A).

Context This was a board-related award of deferred/derivative units rather than an open-market purchase or a sale. Because the units are exercisable only upon separation from service and convert one-for-one to shares, they represent future potential equity rather than immediate share ownership or a cash transaction. Such grants are typically part of director compensation and do not by themselves indicate a near-term buy or sell signal.