[Form 4] PRA Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview: PRA Group Inc. (PRAA) reported an insider transaction for director Brett Lee Paschke dated 17 June 2025. The filing discloses an annual director retainer grant of 10,741 restricted stock units (RSUs) issued under the company’s 2022 Omnibus Incentive Plan.

Key Transaction Details: The RSUs were recorded at a cost basis of $0, reflecting a non-cash, equity-based compensation award. These units will fully vest on 17 June 2026, conditional upon Mr. Paschke’s continued service on PRAA’s board. No derivative instruments were involved, and no shares were sold in the period.

Post-transaction Ownership: After the grant, Mr. Paschke directly owns 40,797 PRAA common shares and indirectly holds 12,250 shares through a trust. A footnote clarifies that a Form 4 filed on 16 June 2025 was erroneous; Column 5 ownership figures have been reduced by 7,816 shares to correct that filing.

Investor Takeaway: The transaction is routine board compensation, modest relative to PRAA’s total shares outstanding, and does not alter control dynamics or signal a change in corporate strategy. However, the correction of prior reporting promotes transparency and compliance with Section 16 requirements.

Insights

Securities Analyst

TL;DR: Routine RSU grant; neutral impact on valuation and liquidity.

The 10,741-share RSU award represents typical annual director compensation and equates to a fraction of PRAA’s float, so dilution is immaterial. No cash changed hands and the vesting period aligns management with shareholders for another year. Because the grant neither involves open-market purchase nor sale, it provides limited signalling value regarding insider sentiment. Overall, this filing maintains compliance but does not influence earnings outlook, leverage metrics, or near-term valuation drivers.

Corporate Governance Expert

TL;DR: Filing corrects prior error; governance transparency upheld, overall neutral.

The amended ownership figure rectifies an earlier misreport, underscoring the board’s commitment to accurate disclosure. Granting equity through RSUs continues PRAA’s practice of using long-term incentives to align director interests with shareholders. No red flags emerge regarding option back-dating, pricing, or accelerated vesting. Consequently, the event is standard from a governance standpoint and unlikely to affect proxy advisory recommendations or voting outcomes.

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^*

Paschke Brett Lee

(Last) (First) (Middle)

120 CORPORATE BLVD

(Street)

NORFOLK VA 23502

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PRA GROUP INC [ PRAA ]

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)
06/17/2025

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	06/17/2025	06/17/2025	A		10,741(1)	A	$0	40,797(2)	D
Common Stock								12,250	I	By Trust

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. Director retainer grant awarded annually in the form of restricted stock units ("RSUs") pursuant to the Issuer's 2022 Omnibus Incentive Plan. The RSUs will vest fully on June 17, 2026, provided that the Reporting Person is a director of the Issuer on the vesting date.

2. The Form 4 filed on June 16, 2025 for the Reporting Person was filed in error. As a result, the figure shown in Column 5 has been adjusted to remove 7,816 shares.

Remarks:

	/s/ Christina Branch, Attorney-In-Fact	06/20/2025
	** 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

How many PRAA shares did director Brett Paschke acquire in the latest Form 4?

Mr. Paschke received 10,741 restricted stock units on 17 June 2025 as part of his annual director retainer.

When will the newly granted RSUs to Brett Paschke vest?

The RSUs will vest in full on 17 June 2026, conditional on continued board service.

What is Brett Paschke’s total direct ownership in PRAA after the transaction?

Following the grant, he directly owns 40,797 common shares of PRA Group.

Did the Form 4 report any insider sales of PRAA shares?

No. The filing reports only an RSU grant; there were no share sales or derivative exercises.

Why was the prior PRAA Form 4 from 16 June 2025 referenced?

The earlier filing was made in error; 7,816 shares were removed from the reported beneficial ownership to correct that mistake.