Robert H. Kurnick, Jr. has been around the automotive scene since the 1990s. He became President of Penske Automotive Group, Inc. in 2008 after serving as Vice Chairman and a director. He’s got a solid background that includes being the...

Current Market Cap

$10.73B

Number of Employees

28.5K

Total Compensation

2008 - 2010

Trending up by 18.21% last year
Showing total compensation for the last 2008 - 2010

Stock

Up by 68.60% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Down by -55.90% last year

Year

2010

Total Compensation

$1.10M

Salary

$600.00K

Board Justification

The compensation program is designed to motivate executive officers to enhance long-term stockholder value and attract and retain high-quality talent, aligning compensation with performance metrics.

Bonus

$0.00

Board Justification

No discretionary bonus payments were received, only performance-based awards.

Other

$20.41K

Board Justification

Includes automobile allowance and other benefits.

Restricted Stock

$480.50K(480.5K restricted stock)

Board Justification

Performance-based award achieved approximately 96% of the performance metrics, entitled to $480,500 in shares of restricted stock, payable in 2011.

Performance Metrics

Performance metrics included EBITDA targets, credit availability, customer satisfaction scores, and compliance with internal controls.

SEC Filing

From March 16, 2011