Form 4: PRA Group Director Jayne-Anne Gadhia Acquires 7,609 Shares of Common Stock

Director Jayne-Anne Gadhia acquired 7,609 shares of PRA Group Inc. common stock as a director retainer grant.

Summary

• On June 24, 2024, Jayne-Anne Gadhia, a director of PRA Group Inc. (PRAA), acquired 7,609 shares of common stock.
• The acquisition was a director retainer grant awarded annually in the form of restricted stock units (RSUs) under the Issuer's 2022 Omnibus Incentive Plan.
• The RSUs will vest fully on June 24, 2025, or the next Annual Meeting date, whichever comes earlier, provided Gadhia remains a director on the vesting date.
• Following the transaction, Gadhia directly owns 7,609 shares of PRA Group Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director receiving stock indicates alignment with shareholder interests and confidence in the company's future.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The RSUs will vest on June 24, 2025, or the next Annual Meeting date, whichever comes earlier, provided that the Reporting Person is a director of the Issuer on the vesting date.

Industry Context

Director stock ownership is common and is used to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to incentivize long-term value creation.
• The size of the grant is typical for director retainers in similar-sized public companies.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates