ROGER S. PENSKE - 01 Jun 2023 Form 4 Insider Report for PENSKE AUTOMOTIVE GROUP, INC. (PAG)

Role: Chair & CEO, Director, 10%+ Owner
Signature: /s/Shane M. Spradlin as attorney in fact
Issuer symbol: PAG
Transactions as of: 01 Jun 2023
Transactions value $: -$5,835,932
Form type: 4
Filing time: 05 Jun 2023, 17:03:39 UTC
Previous filing: 17 Feb 2023
Next filing: 08 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAG	Common Stock	Tax liability	-$5.84M	-42.2K	-6.26%	$138.43	631K	01 Jun 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock that vested on June 1, 2023.
F2	Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports indirect beneficial ownership of 286,833 shares held in a trust. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.

Content

Represents the number of shares of the Issuer's common stock withheld for payment of taxes on shares of restricted stock that vested on June 1, 2023.

Mr. Penske also reports indirect beneficial ownership of 33,688,936 shares held by Penske Automotive Holdings Corp. (a subsidiary of Penske Corporation) and 492,185 shares held by Penske Corporation. Mr. Penske also reports indirect beneficial ownership of 286,833 shares held in a trust. Mr. Penske disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities.