A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 13 filings in this group are Form 4s for Penske Automotive Group, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 13 insider filings shown, the breakdown is 12 compensation award and 1 tax withholding. None of the classified filings involved a discretionary open-market trade, so this period says nothing about what insiders think of the price.
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Davis Lisa Ann (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
170 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Davis Lisa Ann (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Duerheimer Wolfgang (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
158 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Duerheimer Wolfgang (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Pierce Sandra E. (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
80 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Pierce Sandra E. (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Hoogendoorn David (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
10 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Hoogendoorn David (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
SCOTT RAYMOND E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
10 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SCOTT RAYMOND E (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-09-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
SMITH GREG C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
144 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SMITH GREG C (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Davis Lisa Ann (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
209 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Davis Lisa Ann (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Hoogendoorn David (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
12 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Hoogendoorn David (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Pierce Sandra E. (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
98 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Pierce Sandra E. (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
Duerheimer Wolfgang (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
195 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Duerheimer Wolfgang (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
SMITH GREG C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
178 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SMITH GREG C (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-06-05
PAG insider Form 4 filed for equity award, exercise, or tax withholding
SCOTT RAYMOND E (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Deferred Stock Units (Phantom Stock)
|
12 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: SCOTT RAYMOND E (Director)
Form 4
Tax withholding
Tax / Compensation Filing
2026-06-03
PAG insider Form 4 filed for equity award, exercise, or tax withholding
PENSKE ROGER S (Director, Chair & CEO, 10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were withheld by the company to settle tax due when equity vested. This is an automatic administrative step and not a decision to sell.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
F |
Tax withholding on vested shares
|
27,598 |
$170.44 |
$4.70M |
Filing: Form 4 (Insider Transaction)
Insider: PENSKE ROGER S (Director, Chair & CEO, 10% Owner)
Shares: 27,598