SCOTT RAYMOND E, President and CEO, has demonstrated a consistent pattern of selling activity across two companies—Penske Automotive Group (PAG) and Lear Corporation (LEA)—with no recorded purchases in the available SEC filings. Over 23 transactions, Scott has exclusively divested shares, totaling over $13.6 million in proceeds. The bulk of this activity has centered on LEA, with notable sales including a $1.42 million transaction on February 9, 2024, and a $2.18 million disposition on February 7, 2024. More recently, Scott executed two sizable sales of LEA shares in early 2026, totaling $5.11 million on February 12 and $1.18 million on January 4. The only activity involving PAG appears to be administrative (code "A"), with no monetary value attached.
The absence of buying activity suggests a one-sided disposition of holdings, particularly in LEA, where sales have been both frequent and substantial. While some transactions, such as those marked with codes "F" (tax liability) or "M" (exercise of derivative security), indicate routine financial management, the repeated outright sales (code "S") reinforce a clear divestment trend. The most recent filings, all from 2026, continue this pattern, with no offsetting acquisitions. The data reflects a sustained reduction in Scott’s equity exposure to these holdings, particularly Lear Corporation, over the observed period.
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