Penske Automotive Director Lisa Davis Receives 170-Unit Award

What Happened

• Lisa Ann Davis, a director of Penske Automotive Group, received a grant of 170 derivative units (reported as an award) on September 1, 2026. The filing lists this as an award/derivative transaction; no per-share price or total dollar value is provided.

Key Details

• Transaction date: 2026-09-01 (reported on filing dated 2026-09-03).
• Transaction type/code: Award/Grant (A), derivative units — 170 units.
• Price/value: Not applicable / not disclosed in the filing (footnote F4: price is not relevant).
• Footnotes of note:
  • F1: One-for-one (each unit represents one share).
  • F2: These units are exercisable beginning on the reporting person's separation from service to the Company's Board of Directors (i.e., exercisable upon certain separation/transition conditions).
  • F3: Not applicable.
• Shares owned after the transaction: Not specified in the provided filing details.
• Filing timeliness: Report filed on Sep 3, 2026 for a Sep 1, 2026 transaction (filings must generally be made within two business days; the filing date is shown on the document).

Context

• This was an award of derivative units rather than an open-market purchase or sale. Such grants are typically part of director compensation or deferred pay and do not represent an immediate cash transaction or market sale. For retail investors, awards signal company compensation practices but are not the same signal as an insider buying stock outright.