Denker Claude H III 4
4 · PENSKE AUTOMOTIVE GROUP, INC. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Penske Automotive (PAG) EVP Claude Denker III Receives Award of 4,994 Shares
What Happened
Claude H. Denker III, Executive Vice President — Human Resources at Penske Automotive Group (PAG), was granted 4,994 shares (transaction coded as an award/acquisition) on February 25, 2026. No per-share price or total dollar value is provided in the filing (price is not relevant to this transaction).
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
- Transaction type/code: Award / Acquisition (A).
- Shares granted: 4,994. Price: N/A (footnote F2: price not relevant).
- Vesting schedule (footnote F1): 15% vests June 1, 2027; 15% vests June 1, 2028; 20% vests June 1, 2029; 50% vests June 1, 2030.
- Shares owned after the transaction: not disclosed in the provided filing details.
- No indication of a sale or immediate disposition — this is a time‑based compensation grant.
Context
This is a standard equity compensation award, commonly used to retain executives and align incentives; it is not an open‑market purchase or sale and does not by itself indicate insider buying or selling intent. The multi‑year vesting schedule means the shares become exercisable/owned over time rather than immediately.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-25+4,994→ 33,667 total
Footnotes (2)
- [F1]Fifteen percent of the shares vest on June 1, 2027, fifteen percent of these shares vest on June 1, 2028, twenty percent of the shares vest on June 1, 2029, and fifty percent of the shares vest on June 1, 2030.
- [F2]Price is not relevant to this transaction.