SMITH GREG C 4

What Happened Greg C. Smith, a member of the Board of Directors of Penske Automotive Group, Inc. (PAG), was granted 190 derivative units/shares on March 5, 2026. The filing is coded as an award/grant (A) and lists the transaction as a derivative acquisition; no per-share price or total dollar value is reported (price is noted as not applicable).

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the normal 2-business-day window).
• Transaction type/code: A = Award/Grant (derivative instrument).
• Quantity: 190 units/shares granted.
• Price/Value: Not reported / "price is not relevant" (footnote F4).
• Conversion/exercise: One-for-one conversion noted (F1). Units become exercisable beginning upon the reporting person's separation from service from the Company’s Board of Directors (F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Other footnotes: F3 marked not applicable.

Context This was a grant of derivative units (likely restricted stock units or deferred/phantom shares) tied to board service and not an open-market purchase or sale. Because the units are exercisable upon separation from the board, they are generally not immediately tradable and do not indicate an immediate buy/sell action. The filing appears timely; no late-filing flag was indicated.