KURNICK ROBERT H JR 4/A

What Happened

• Robert H. Kurnick Jr., President and Director of Penske Automotive Group (PAG), was granted 9,984 shares (transaction code A) on 2026-02-25. No purchase price is reported for the grant (price not relevant). The filing is an amendment to correct a tabulation error in the original Form 4 filed Feb 27, 2026; no additional transaction occurred.

Key Details

• Transaction date: 2026-02-25 (reported via amended Form 4 filed 2026-03-12).
• Transaction type: Award/Grant of 9,984 shares (code A); price N/A per footnote.
• Vesting: 15% vests 6/1/2027, 15% vests 6/1/2028, 20% vests 6/1/2029, 50% vests 6/1/2030 (see footnote).
• Shares owned after transaction: The amendment states beneficial ownership was updated; the specific post-transaction total was not provided in the summary data here.
• Timeliness: Original Form 4 was filed Feb 27, 2026 (within the typical 2-business-day window). This March 12 amendment corrects the prior filing and does not reflect a new transaction.

Context

• This was a restricted share award with multi-year vesting, not an open-market purchase or sale. Such grants are compensation-related and vest over time; they do not by themselves signal an immediate bullish or bearish action because the shares are typically subject to forfeiture until vested.