PRA Group Form 4: CEO Martin Sjolund receives sizeable RSU grant

Rhea-AI Filing Summary

PRA Group, Inc. (PRAA) filed a Form 4 disclosing that President & CEO Martin Sjolund received 62,370 shares of common stock on 17 June 2025. The transaction is coded “A,” indicating an acquisition that was not an open-market purchase but an equity award at a cost of $0 per share.

The shares are restricted stock units (RSUs) granted under the company’s 2022 Omnibus Incentive Plan. According to the filing’s footnote, the RSUs will vest ratably over a three-year period beginning on the first anniversary of the grant date (17 June 2026).

After this grant, Sjolund’s beneficial ownership stands at 181,735 shares, held directly.

No derivative securities were reported, and there were no dispositions. The filing signals continued equity-based compensation designed to align executive and shareholder interests, but it does not involve cash transactions or provide information about operational or financial performance.

Positive

• 62,370 RSUs granted to the CEO increase insider equity alignment through a three-year vesting schedule, supporting long-term shareholder interests.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant increases CEO stake to 181,735 shares; aligns incentives but has limited immediate market impact.

The Form 4 reports a standard equity incentive: 62,370 RSUs awarded at no cost to President & CEO Martin Sjolund. Such grants are common in executive compensation frameworks, providing long-term alignment between management and shareholders through time-based vesting. Because the award is not an open-market purchase, it does not signal management’s view on valuation, nor does it alter free-float. While the size is meaningful for the individual, it represents a modest portion of total shares outstanding, so market impact should be neutral. Investors may view the grant positively for governance alignment, but it does not change the investment thesis.

Securities Analyst

TL;DR: Neutral event—non-cash equity award, no financial metrics disclosed, minimal share-float effect.

The acquisition code “A” confirms an award, not a purchase; price recorded at $0. Post-grant ownership of 181,735 shares provides transparency on insider holdings but does not imply buying pressure. No derivatives or sales were reported, so dilution is limited to the existing equity-comp plan already contemplated in share-count guidance. Absent earnings data or operational commentary, I classify the filing as routine and not materially impactful for valuation models.

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
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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^*

Sjolund Martin

(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)	X	Other (specify below)
			President and CEO

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		62,370(1)	A	$0	181,735	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. Reflects restricted stock units granted pursuant to the terms of the 2022 Company's Omnibus Incentive Plan that will vest ratably over a three year period beginning on the anniversary of the grant date, which was June 17, 2025.

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 CEO Martin Sjolund acquire?

He was awarded 62,370 restricted stock units on 17 June 2025.

What is Martin Sjolund’s total beneficial ownership after the grant?

Following the award, he beneficially owns 181,735 PRAA common shares.

Was the transaction an open-market purchase?

No. The Form 4 lists transaction code "A," indicating an equity award at $0, not a market purchase.

When will the RSUs vested to PRAA's CEO become fully vested?

The RSUs vest ratably over three years starting on 17 June 2026.

Did the filing report any derivative securities activities?

No derivative securities were acquired or disposed of in this Form 4.