Encore Capital (ECPG) CEO granted stock awards and tax withholding

Rhea-AI Filing Summary

Encore Capital Group President and CEO Ashish Masih reported stock-based compensation transactions in common stock on March 9, 2026. He received three equity awards totaling 60,690 shares of common stock at $0.00 per share as grants or awards, including restricted stock units that vest in three equal annual installments through March 9, 2029.

The filing also shows a disposition of 25,658 shares at $68.19 per share, described as shares withheld to cover tax liabilities from the vesting of stock units, not an open-market sale. After these transactions, Masih directly owns 389,613 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

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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^*

Masih Ashish

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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		31,009(1)	A	$0	385,590	D
Common Stock	03/09/2026		A		14,105(2)	A	$0	399,695	D
Common Stock	03/09/2026		A		15,576(3)	A	$0	415,271	D
Common Stock	03/09/2026		F		25,658(4)	D	$68.19	389,613	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 Ashish Masih	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 insider transactions did ECPG CEO Ashish Masih report on March 9, 2026?

Ashish Masih reported stock-based compensation transactions on March 9, 2026. He received equity awards totaling 60,690 shares of Encore Capital Group common stock and had 25,658 shares withheld to pay taxes tied to vesting stock units.

Were the Encore Capital (ECPG) CEO’s March 2026 transactions open-market buys or sales?

The transactions were not open-market trades. They were stock grants and awards, plus a tax-withholding disposition where 25,658 shares were withheld at $68.19 per share to cover tax liabilities from vesting stock units.

How many Encore Capital (ECPG) shares does the CEO hold after the March 2026 Form 4?

Following the reported transactions, Ashish Masih directly holds 389,613 shares of Encore Capital Group common stock. This reflects his position after receiving stock grants and having shares withheld for tax obligations related to vesting stock units.

What type of stock awards did ECPG grant to its CEO in March 2026?

Encore Capital granted restricted stock units and performance-based stock units to its CEO. One RSU grant vests in three equal annual installments through March 9, 2029, and performance stock units were issued and vest based on previously satisfied performance conditions.

How many shares were withheld for taxes in the ECPG CEO’s March 2026 Form 4?

The filing shows 25,658 shares of Encore Capital Group common stock disposed of at $68.19 per share. Footnotes explain this represents shares withheld to pay tax liabilities arising from the vesting of stock units, rather than an open-market sale.

Over what period do the CEO’s newly granted RSUs in ECPG vest?

The newly granted restricted stock units vest over three years. One-third vests on March 9, 2027, another third on March 9, 2028, and the final third on March 9, 2029, subject to the plan’s vesting conditions.