Encore Capital (ECPG) SVP, General Counsel reports stock awards and tax withholding

Rhea-AI Filing Summary

Encore Capital Group senior vice president and general counsel Andrew Eric Asch reported several equity compensation transactions in company common stock. On March 9, 2026, he received three share awards of 5,682, 1,945 and 2,914 shares, including restricted stock units and performance stock units that vested after meeting performance targets.

On the same date, 4,068 shares were withheld at $68.19 per share to cover tax obligations tied to the vesting of stock units, a non-market disposition. After these transactions, he directly owned 30,692 shares of Encore Capital Group 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

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^*

Asch Andrew Eric

(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)
	SVP, General Counsel

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		5,682(1)	A	$0	29,901	D
Common Stock	03/09/2026		A		1,945(2)	A	$0	31,846	D
Common Stock	03/09/2026		A		2,914(3)	A	$0	34,760	D
Common Stock	03/09/2026		F		4,068(4)	D	$68.19	30,692	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 Andrew Asch	03/11/2026
	** 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.

FAQ

What did Encore Capital (ECPG) executive Andrew Asch report on this Form 4?

Andrew Asch reported equity compensation activity in Encore Capital common stock. He received multiple stock awards and had shares withheld to pay taxes related to vesting, resulting in updated direct ownership of 30,692 shares following the reported transactions.

How many Encore Capital (ECPG) shares did Andrew Asch receive as awards?

Andrew Asch received three separate share awards of 5,682, 1,945 and 2,914 Encore Capital common shares. These included restricted stock units and performance stock units granted under the company’s 2017 Incentive Award Plan after satisfying vesting and performance conditions.

What is the vesting schedule for Andrew Asch’s new Encore Capital RSUs?

The restricted stock units granted on March 9, 2026 vest in three equal annual installments. One-third vests on March 9, 2027, another third on March 9, 2028, and the final third on March 9, 2029, subject to continued service and plan terms.

Were any of Andrew Asch’s Encore Capital transactions open-market sales or purchases?

The reported transactions were not open-market trades. They reflect stock grants, vesting of performance stock units after achieving performance targets, and a withholding of 4,068 shares at $68.19 per share solely to satisfy tax liabilities from the vesting event.

How many Encore Capital (ECPG) shares does Andrew Asch own after these transactions?

Following the reported grants, vesting, and tax withholding, Andrew Asch directly owns 30,692 shares of Encore Capital Group common stock. This figure incorporates all non-derivative transactions disclosed in the Form 4 as of March 9, 2026.

What Encore Capital incentive plan governs Andrew Asch’s RSU and PSU awards?

The restricted stock units and performance stock units were granted under the Encore Capital Group, Inc. 2017 Incentive Award Plan. This plan provides equity-based compensation, with awards vesting over time or upon achievement of specified performance conditions as described in the disclosures.