Hoogendoorn David 4

What Happened

David Hoogendoorn, a member of the Board of Directors of Penske Automotive Group (PAG), received an award of 12 derivative stock units on 2026-06-03. The units are reported as a grant/award (transaction code A). No purchase price or market value is reported (price not applicable/not relevant).

Key Details

• Transaction date: 2026-06-03; Form 4 filed: 2026-06-05 (filed within the normal 2-business-day reporting window).
• Amount: 12 derivative units granted; conversion is one-for-one to common shares (Footnote F1).
• Exercise/vesting condition: units become exercisable beginning upon the reporting person's separation from service from the Company’s Board (Footnote F2).
• Price/value: Not applicable / not reported (Footnote F4).
• Shares owned after transaction: Not disclosed in the provided filing.

Context

This was an awarded grant (compensation), not an open-market purchase or sale—awards tied to board service are common and do not represent an immediate purchase of shares. Because these units only become exercisable upon separation from the board, they are a deferred/derivative form of compensation and are not an immediate market signal of the insider’s sentiment.