SCOTT RAYMOND E 4

What Happened Scott E. Raymond, a director of Penske Automotive Group, received an award of 13 derivative shares/units on March 5, 2026. The filing lists these as an award/grant (Form 4 code A); no per-share price or total cash value is provided. Per the filing footnotes, the units convert one-for-one to common shares and are exercisable beginning upon the reporting person's separation from service as a board member.

Key Details

• Transaction date: 2026-03-05
• Filing date: 2026-03-09 (filed timely)
• Transaction type: Award/Grant of derivative units (Code A)
• Amount: 13 units; one-for-one conversion to common stock (Footnote F1)
• Vesting/exercise condition: exercisable beginning upon separation from service from the Board (Footnote F2)
• Price/Value: Not applicable / not disclosed (Footnotes F3, F4)
• Shares owned after transaction: not specified in the filing

Context This award appears to be deferred/contingent compensation for a director, becoming exercisable only upon departure from the board — not an open-market purchase or sale. Such small director grants are common and generally not a direct signal of near-term insider buying or selling. For retail investors, the grant is informational about compensation structure but is likely immaterial to company valuation on its own.