Form 4: Encore Capital Director Acquires Shares Through Deferred Stock Unit Grant

Encore Capital Group Director Michael P. Monaco acquired 4,066 shares of common stock through a deferred stock unit grant on June 13, 2025, increasing his beneficial ownership to 40,112 shares.

Summary

• Michael P. Monaco, a Director of Encore Capital Group Inc. (ECPG), acquired 4,066 shares of common stock.
• The transaction occurred on June 13, 2025, at a price of $38.12 per share.
• This acquisition was a grant of deferred stock units for service on the Board of Directors, under the terms of a non-employee director deferred compensation plan established under the 2017 Incentive Award Plan.
• The deferred stock units will convert into shares of Encore common stock on a one-for-one basis upon distribution.
• Distribution of shares will occur within 10 business days following the date Mr. Monaco is no longer a member of the Board of Directors.
• Following this transaction, Mr. Monaco beneficially owns 40,112 shares of Encore Capital Group common stock.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as the transaction represents a director increasing their stake, albeit through a compensation grant, which aligns their interests with shareholders. It's a routine compensation event, not indicative of significant new information.

Positives

• The acquisition of additional shares by a director, even through a compensation grant, aligns the director's interests more closely with those of the shareholders.
• The transaction demonstrates the company's established compensation plan for non-employee directors, indicating structured corporate governance.

Future Outlook

The deferred stock units will be converted into shares of Encore common stock on a one-for-one basis upon distribution, which will occur within 10 business days following the date the reporting person is no longer a member of the Board of Directors.

Management Comments

• The grant to the reporting person is for service on the Board of Directors of Encore Capital Group, Inc. ('Encore').

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, specifically related to director compensation. Such grants are common practice across industries for aligning the interests of non-employee directors with shareholders.

Corporate Governance

Related Party Transactions

• The grant of 4,066 deferred stock units to Michael P. Monaco, a director, as compensation for his board service, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction increases director ownership, potentially enhancing alignment of interests between management and shareholders.
• Employees: No direct impact mentioned.

Next Steps

• Conversion of deferred stock units into common stock shares upon Michael P. Monaco ceasing to be a member of the Board of Directors.

Key Dates

Keywords

Encore Capital Group, ECPG, Form 4, Insider Transaction, Director Compensation, Stock Grant, Deferred Stock Units, Michael P. Monaco