Form 4: PRA Group Executive LaTisha Tarrant Reports Changes in Beneficial Ownership

LaTisha Tarrant, General Counsel & CHRO of PRA Group Inc, reports acquisition and disposal of common stock related to vesting of restricted stock units and performance share units.

Summary

• On March 7, 2025, LaTisha Tarrant, General Counsel & CHRO of PRA Group Inc, reported changes in beneficial ownership of PRAA common stock.
• Tarrant acquired 27,652 shares of common stock related to restricted stock units granted under the company's Omnibus Incentive Plan, vesting ratably over three years.
• Additionally, 518 shares were acquired upon satisfaction of performance criteria under the 2022-2024 Long-Term Incentive Plan.
• A total of 4,001 shares were withheld to cover tax liabilities associated with the vesting of performance share units and restricted stock units, at a price of $20.13 per share.
• Following these transactions, Tarrant directly owns 82,242 shares of PRAA common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard compensation practices and alignment of management interests with shareholders.

Positives

• The acquisition of shares indicates confidence in the company's future performance.
• The vesting of restricted stock units and performance share units aligns Tarrant's interests with those of the shareholders.

Negatives

• The disposal of shares to cover tax liabilities reduces Tarrant's overall holdings, although this is a common practice.

Future Outlook

The restricted stock units will vest ratably over a three-year period beginning on March 7, 2025.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The vesting of equity aligns management's interests with those of the shareholders.

Key Dates