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

Rhea-AI Filing Summary

Form 4 filing for PRA Group, Inc. (PRAA) discloses that director Marjorie M. Connelly received 10,741 restricted stock units (RSUs) on 17 Jun 2025 under the company’s 2022 Omnibus Incentive Plan. The award was recorded at $0 purchase price and will vest in full on 17 Jun 2026, contingent on her continued board service. Following the grant, Connelly’s direct beneficial ownership increased to 54,617 common shares.

The filing also corrects a prior Form 4 submitted on 16 Jun 2025, removing 7,816 shares that were erroneously included in the reported holdings.

No derivative securities, sales, or cash transactions were reported. The activity represents routine board compensation and has minimal financial impact on PRA Group’s share structure.

Positive

• Equity-based compensation strengthens alignment between the director and shareholders.

Negative

• Prior filing error required correction, highlighting minor disclosure inaccuracy.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant aligns director incentives; correction cleans up disclosure—overall neutral corporate-governance event.

The annual RSU award keeps director compensation equity-based, fostering alignment with shareholder interests. Vesting over one year is short but typical for outside directors. The self-identified error on the prior filing and prompt correction demonstrate procedural diligence, mitigating any governance concern. Scale—10,741 shares (~0.02 % of float)—is immaterial to ownership structure. I rate the filing neutral: it neither signals strategic change nor alters governance risk.

Portfolio Manager

TL;DR: Insignificant to valuation; no buy/sell action warranted.

The RSU issuance is standard board compensation with no cash cost to the company beyond dilution, which is de minimis. Total share count for PRAA is roughly 39 million; dilution impact is under 0.03 %. The correction of 7,816 shares is likewise negligible. There are no sales or insider dispositions, so no bearish signal. I classify this as non-impactful to the investment thesis or liquidity profile.

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^*

Connelly Marjorie Mary

(Last) (First) (Middle)

120 CORPORATE BOULEVARD

(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	54,617(2)	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. 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 Marjorie Connelly receive?

10,741 RSUs were granted on 17 Jun 2025.

When will the RSUs granted to PRAA's director vest?

They vest fully on 17 Jun 2026, contingent on board service.

What is the director's total PRAA share ownership after the transaction?

Connelly now beneficially owns 54,617 common shares.

Was cash exchanged in the PRAA Form 4 transaction?

No; the RSUs were awarded at $0 purchase price as part of annual compensation.

Why was the previous PRAA Form 4 amended?

The 16 Jun 2025 filing erroneously included 7,816 shares, which have now been removed.