Encore Capital (NASDAQ: ECPG) director receives 347 deferred stock units grant

Rhea-AI Filing Summary

Encore Capital Group director Ashwini Gupta received an equity award tied to board service. On this Form 4, Gupta reported an acquisition of 347 shares of Encore Capital Group common stock in the form of deferred stock units, valued at $68.29 per unit.

These deferred stock units were granted under Encore’s non-employee director deferred compensation plan within the 2017 Incentive Award Plan. Each unit will convert into one share of common stock upon distribution. The distribution will occur within 10 business days following the fifth anniversary of the date Gupta is no longer a member of the Board of Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gupta Ashwini

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	347	$68.29	$24K

Holdings After Transaction: Common Stock — 103,152 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Gupta Ashwini

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		A		347(1)	A	$68.29	103,152	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 fifth anniversary of the date the reporting person is no longer a member of the Board of Directors.

Remarks:

	/s/ Michael Chin, Attorney-in-Fact for Ashwini Gupta	03/03/2026
	** 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 insider transaction did Encore Capital Group (ECPG) report for Ashwini Gupta?

Encore Capital Group reported that director Ashwini Gupta acquired 347 deferred stock units. These units represent future rights to common shares, granted as compensation for board service under the company’s non-employee director deferred compensation plan within the 2017 Incentive Award Plan.

At what price were Ashwini Gupta’s Encore Capital (ECPG) deferred stock units valued?

The 347 deferred stock units granted to director Ashwini Gupta were valued at $68.29 per unit. This valuation is used for reporting the equity award and reflects the grant-date value for compensation and disclosure purposes under the company’s incentive award framework.

How many Encore Capital (ECPG) shares does Ashwini Gupta hold after this Form 4 transaction?

Following this equity award, director Ashwini Gupta is reported as holding 103,152 shares of Encore Capital Group common stock. This figure includes holdings after recording the 347 deferred stock units, which ultimately convert into common shares on a one-for-one basis upon distribution.

When will Ashwini Gupta’s Encore Capital (ECPG) deferred stock units be converted into shares?

The deferred stock units granted to Ashwini Gupta will convert into common shares on a one-for-one basis. Distribution of these shares will occur within 10 business days following the fifth anniversary of the date he is no longer a member of Encore’s Board of Directors.

What plan governs the Encore Capital (ECPG) deferred stock units granted to Ashwini Gupta?

The deferred stock units granted to director Ashwini Gupta are issued under a non-employee director deferred compensation plan. This plan operates within Encore Capital Group’s 2017 Incentive Award Plan, which provides equity-based compensation for eligible participants, including members of the Board of Directors.

Is Ashwini Gupta’s Encore Capital (ECPG) transaction a market purchase or a compensation grant?

The reported transaction is a compensation-related grant, not an open-market purchase. Director Ashwini Gupta received 347 deferred stock units as a grant or award for service on Encore Capital Group’s Board of Directors under the company’s non-employee director deferred compensation structure.