Davis Lisa Ann 4

What Happened

• Lisa A. Davis, a director of Penske Automotive Group, Inc. (PAG), received a grant of 209 derivative units (transaction code A) on June 3, 2026. The filing lists these as derivative awards rather than an open‑market purchase or sale; no price or immediate cash value is reported.

Key Details

• Transaction date: 2026-06-03
• Filing date: 2026-06-05 (appears timely — filed within the Form 4 two-business‑day window)
• Awarded units: 209 derivative units (convertible 1-for-1 into common shares per footnote F1)
• Price/Value: Not applicable / not disclosed (footnote F4: price not relevant)
• Exercisability/vesting: Units are exercisable beginning on the reporting person’s separation from service on the Company’s Board (footnote F2)
• Shares owned after transaction: Not specified in the Form 4 filing
• Transaction code: A (award/grant)

Context

• This was a grant of derivative awards (likely a form of deferred compensation or restricted units) that do not involve an immediate cash purchase or sale. Per the filing footnotes, the units convert one-for-one into shares and become exercisable upon Davis’s separation from the Board, so they represent future potential equity rather than immediately tradable stock.