Form 4: PRA Group Director Connelly Receives Stock Grant, Disposes of Shares

Director Marjorie Mary Connelly of PRA Group Inc. received a grant of restricted stock units and disposed of existing shares on June 13, 2024.

Summary

• On June 13, 2024, Marjorie Mary Connelly, a director of PRA Group Inc., engaged in transactions involving the company's common stock.
• Connelly acquired 7,816 shares of common stock through a director retainer grant awarded annually in the form of restricted stock units (RSUs) under the Issuer's 2022 Omnibus Incentive Plan.
• These RSUs will vest fully on June 13, 2025, contingent upon Connelly remaining a director of PRA Group Inc. on that date.
• Connelly also disposed of 43,876 shares of common stock.
• Following these transactions, Connelly beneficially owns 43,876 shares of PRA Group Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The RSUs will vest fully on June 13, 2025, provided that the Reporting Person is a director of the Issuer on the vesting date.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is common practice in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The stock transactions by a director may have a minor impact on shareholder sentiment.

Key Dates