Penske Automotive Director Wolfgang Duerheimer Receives 158-Unit Award

What Happened
Wolfgang Duerheimer, a director of Penske Automotive Group, received an award/acquisition of 158 derivative units (reported as "A" — grant/award) on September 1, 2026. The filing lists these as derivative units (not a cash purchase or open-market trade); no per-unit price or total value is provided (price not applicable).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely; Form 4 is generally due within two business days).
• Transaction type/code: A = Award/Grant (derivative units).
• Quantity: 158 units. Price: N/A (footnote F4: price not relevant).
• Shares/units owned after transaction: not specified in the provided filing details.
• Relevant footnotes from the filing:
  • F1: One-for-one (likely indicates conversion ratio of underlying units).
  • F2: These units are exercisable beginning on the reporting person's separation from service to the Company’s Board of Directors (vesting/exercise contingent on separation condition).
  • F3: Not applicable.
  • F4: Price is not relevant to this transaction.

Context
This was an award of derivative units (compensation-related), not an open-market purchase or sale. Such awards are commonly part of director compensation and may have vesting or exercise conditions — here F2 indicates exercise begins upon a specified separation event. Because no cash outlay or immediate sale occurred, the transaction should be viewed as a grant of compensation rather than a direct bullish/bearish trading signal.