Encore Capital (ECPG) president gets stock awards and withholds shares for taxes

Rhea-AI Filing Summary

Encore Capital Group Inc. President, MCM Ryan B. Bell reported multiple equity awards and related tax withholding in the latest Form 4. On March 9, 2026, he acquired several blocks of Common Stock totaling 18,428 shares as stock-based compensation at $0.00 per share, including restricted and performance stock units granted under the 2017 Incentive Award Plan that vest over future years based on time and performance conditions. On the same date, 7,899 shares at $68.19 per share were withheld to cover tax liabilities tied to unit vesting, which is not an open-market sale. Following these transactions, he directly holds 58,439 shares of Encore Capital Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bell Ryan B

(Last) (First) (Middle)

350 CAMINO DE LA REINA

SUITE 100

(Street)

SAN DIEGO CA 92108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENCORE CAPITAL GROUP INC [ ECPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, MCM

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		A		9,165(1)	A	$0	57,075	D
Common Stock	03/09/2026		A		4,133(2)	A	$0	61,208	D
Common Stock	03/09/2026		A		5,130(3)	A	$0	66,338	D
Common Stock	03/09/2026		F		7,899(4)	D	$68.19	58,439	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant to the reporting person on March 9, 2026 of restricted stock units ("RSUs") under the Encore Capital Group, Inc. 2017 Incentive Award Plan. The RSUs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on March 9, 2027, one-third vesting on March 9, 2028, and the remaining one-third vesting on March 9, 2029.

2. Represents shares issued in connection with the vesting of performance stock units based upon the achievement of performance targets.

3. Represents performance stock units granted on March 9, 2025 under the Encore Capital Group, Inc. 2017 Incentive Award Plan for which performance conditions have been satisfied. These performance stock units vest on March 9, 2028.

4. Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock units.

Remarks:

	/s/ Michael Chin, Attorney-in-Fact for Ryan Bell	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Encore Capital (ECPG) executive Ryan B. Bell report on this Form 4?

Ryan B. Bell reported multiple stock-based compensation awards and related tax withholding on March 9, 2026. He received Common Stock through restricted and performance stock units and had shares withheld to satisfy tax obligations arising from vesting.

How many Encore Capital (ECPG) shares did Ryan B. Bell acquire in the reported transactions?

Across three grant transactions, Ryan B. Bell acquired 18,428 shares of Encore Capital Common Stock as equity compensation. These awards include restricted stock units and performance stock units granted under the 2017 Incentive Award Plan, subject to multi-year vesting schedules and performance targets.

Why were 7,899 Encore Capital (ECPG) shares disposed of in this Form 4?

The 7,899-share disposition reflects tax withholding, not an open-market sale. Shares were withheld at $68.19 per share to pay tax liabilities associated with the vesting of stock units, as described in the footnotes, which is a routine administrative transaction.

What vesting schedule applies to Ryan B. Bell’s new Encore Capital (ECPG) RSU grant?

The restricted stock units granted on March 9, 2026 vest in three equal annual installments. One-third vests on March 9, 2027, one-third on March 9, 2028, and the remaining one-third on March 9, 2029, subject to continued eligibility conditions.

How are Encore Capital (ECPG) performance stock units treated in this Form 4?

Some shares reported were issued when performance stock units met their performance targets. Footnotes state these units were granted on March 9, 2025 under the 2017 Incentive Award Plan, and that they will vest on March 9, 2028 once related conditions are satisfied.

How many Encore Capital (ECPG) shares does Ryan B. Bell own after these transactions?

After the reported awards and tax withholding, Ryan B. Bell directly holds 58,439 shares of Encore Capital Common Stock. This total reflects the net result of stock-based compensation grants and routine share withholding for taxes on vested units on the reported date.