PRA Group (PRAA) director receives 10,543-share equity grant under 2022 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PRA Group Inc. director Scott M. Tabakin received a stock-based compensation award. He acquired 10,543 shares of common stock at a price of $0.00 per share as a grant/award under the company’s 2022 Omnibus Incentive Plan. Following this award, he holds 108,542 shares directly.
The footnote explains this is an annual director retainer grant in the form of restricted stock units that will fully vest on June 16, 2027, or on the date of the next annual meeting, whichever occurs first, if he remains a director through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TABAKIN SCOTT M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,543 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 108,542 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 10,543 shares
Grant price: $0.00 per share
Shares held after transaction: 108,542 shares
+1 more
4 metrics
Shares granted
10,543 shares
Grant/award acquisition of common stock
Grant price
$0.00 per share
Director stock grant under 2022 Omnibus Incentive Plan
Shares held after transaction
108,542 shares
Direct holdings following the grant
Vesting date
June 16, 2027
RSUs vest fully on this date or next annual meeting, earlier
Key Terms
restricted stock units, 2022 Omnibus Incentive Plan, director retainer grant, vest fully
4 terms
restricted stock units financial
"Director retainer grant awarded annually in the form of restricted stock units ("RSUs") pursuant to the Issuer's 2022 Omnibus Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Omnibus Incentive Plan financial
"RSUs are awarded annually pursuant to the Issuer's 2022 Omnibus Incentive Plan."
director retainer grant financial
"Director retainer grant awarded annually in the form of restricted stock units ("RSUs")."
vest fully financial
"The RSUs will vest fully on June 16, 2027, or the next Annual Meeting date, whichever comes earlier."
FAQ
What insider transaction did PRA Group (PRAA) report for Scott M. Tabakin?
PRA Group reported that director Scott M. Tabakin acquired 10,543 shares of common stock at $0.00 per share as a grant under the 2022 Omnibus Incentive Plan, increasing his direct holdings to 108,542 shares after the award.
Was the PRA Group (PRAA) insider transaction an open-market purchase or a grant?
The transaction was a grant, not an open-market purchase. The Form 4 describes it as a grant or award acquisition of 10,543 shares at $0.00 per share, tied to PRA Group’s 2022 Omnibus Incentive Plan as part of the director’s annual retainer.
What are the vesting terms of the PRA Group (PRAA) director RSU award?
The award vests fully on June 16, 2027, or on the date of the next annual meeting, whichever occurs earlier. Vesting is conditional on the reporting person continuing to serve as a director of PRA Group through the applicable vesting date.
Under which equity plan was the PRA Group (PRAA) RSU grant made?
The restricted stock unit grant was made under PRA Group’s 2022 Omnibus Incentive Plan. The footnote describes it as an annual director retainer grant awarded in RSUs pursuant to that plan and subject to the specified vesting schedule and service condition.