Form 4: PRA Group CFO Rakesh Sehgal Reports Stock Disposal for Tax Obligations

Rakesh Sehgal, CFO of PRA Group Inc, disposed of 4,349 shares of common stock on May 15, 2025, to cover tax liabilities associated with vesting restricted stock units.

Summary

• On May 15, 2025, Rakesh Sehgal, the Chief Financial Officer of PRA Group Inc, disposed of 4,349 shares of common stock.
• The transaction was executed at a price of $15.31 per share.
• The disposal was to cover tax liabilities associated with the vesting of restricted stock units.
• Following the transaction, Sehgal beneficially owns 56,598 shares of PRA Group Inc.
• An adjustment was made to the reported holdings to correct an error in a previous filing, removing unvested performance share units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency into insider transactions and can be used by investors to gauge management's sentiment and confidence in the company.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a relatively small number of shares being sold by an insider.
• The transaction has no impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, PRA Group Inc, PRAA, Rakesh Sehgal, CFO, Stock Disposal, Tax Liabilities, Restricted Stock Units, Beneficial Ownership, Securities Exchange Act