Encore Capital Group (NASDAQ: ECPG) director granted 2,144 deferred stock units

Rhea-AI Filing Summary

Encore Capital Group director Jeffrey Albert Hilzinger received an equity grant for his board service. He was awarded 2,144 shares of common stock-equivalent deferred stock units at a reference price of $83.95 per share, bringing his direct holdings to 26,475 shares.

The award was granted under Encore’s 2017 Incentive Award Plan via a non-employee director deferred compensation plan. These deferred stock units will convert into Encore common shares on a one-for-one basis, with distribution occurring within 10 business days after he is no longer a member of the Board of Directors.

Insights

Equity compensation analyst

Routine director equity grant with deferred settlement structure.

Director Jeffrey Albert Hilzinger received 2,144 deferred stock units tied to Encore Capital Group common stock as compensation for Board service. This aligns director incentives with shareholders by increasing his equity exposure instead of cash compensation.

The units convert into common shares on a one-for-one basis after he leaves the Board, with distribution within 10 business days. This deferred structure encourages longer-term alignment but does not represent an open-market purchase or sale. From an investment thesis perspective, this is a routine governance and compensation event.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hilzinger Jeffrey Albert

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,144	$83.95	$180K

Holdings After Transaction: Common Stock — 26,475 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred stock units granted: 2,144 units Grant price: $83.95 per share Shares held after grant: 26,475 shares +2 more

5 metrics

Deferred stock units granted 2,144 units Equity award for Board service

Grant price $83.95 per share Reference price for the 2,144-unit award

Shares held after grant 26,475 shares Direct holdings following this transaction

Transaction type Grant, award, or other acquisition Form 4 code A, non-derivative common stock

Conversion ratio 1:1 into common stock Deferred stock units to Encore common shares upon distribution

Key Terms

deferred stock units, non-employee director deferred compensation plan, 2017 Incentive Award Plan, distribution of shares

4 terms

deferred stock units financial

"Grant to the reporting person, for service on the Board of Directors of Encore Capital Group, Inc., of deferred stock units under the terms"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

non-employee director deferred compensation plan financial

"deferred stock units under the terms of a non-employee director deferred compensation plan established under the 2017 Incentive Award Plan"

2017 Incentive Award Plan financial

"non-employee director deferred compensation plan established under the 2017 Incentive Award Plan"

distribution of shares financial

"The distribution of shares of common stock will occur within 10 business days"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 05:50 PM Accepted by SEC EDGAR 06/23/2026 - 05:49 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hilzinger Jeffrey Albert

(Last) (First) (Middle)

350 CAMINO DE LA REINA

SUITE 100

(Street)

SAN DIEGO CALIFORNIA 92108

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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

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

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

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	06/22/2026		A		2,144(1)	A	$83.95	26,475	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, for service on the Board of Directors of Encore Capital Group, Inc. ("Encore"), of deferred stock units under the terms of a non-employee director deferred compensation plan established under the 2017 Incentive Award Plan. Deferred stock units will be converted into shares of Encore common stock on a one-for-one basis upon distribution. The distribution of shares of common stock will occur within 10 business days following the date the reporting person is no longer a member of the Board of Directors.

Remarks:

	/s/ Michael Chin, Attorney-in-Fact for Jeffrey A. Hilzinger	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Encore Capital Group (ECPG) director Jeffrey Hilzinger report on this Form 4?

Jeffrey Hilzinger reported receiving 2,144 deferred stock units tied to Encore Capital Group common stock as compensation for Board service. The grant increases his direct holdings to 26,475 shares and is structured as a routine equity award, not an open-market stock purchase.

Was the Encore Capital Group (ECPG) Form 4 a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not a market purchase. Hilzinger received 2,144 deferred stock units under a non-employee director deferred compensation plan, awarded at $83.95 per unit, as part of the 2017 Incentive Award Plan for his Board service.

How do Jeffrey Hilzinger’s deferred stock units at Encore Capital Group (ECPG) work?

The deferred stock units convert into Encore Capital Group common stock on a one-for-one basis upon distribution. Distribution occurs within 10 business days after Hilzinger is no longer a member of the Board, effectively deferring receipt of the underlying shares until his board service ends.

How many Encore Capital Group (ECPG) shares does Jeffrey Hilzinger hold after this Form 4 transaction?

After the reported grant, Jeffrey Hilzinger directly holds 26,475 shares of Encore Capital Group common stock. This total includes the impact of the 2,144-share deferred stock unit award reported in the Form 4 as an acquisition related to his Board service.

Under which plan were the Encore Capital Group (ECPG) deferred stock units granted?

The deferred stock units were granted under a non-employee director deferred compensation plan established pursuant to Encore Capital Group’s 2017 Incentive Award Plan. This framework governs equity-based compensation for directors, including the terms for deferral and later conversion into common shares.