PRA Group Inc (PRAA) CEO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PRA Group Inc President and CEO Martin Sjolund reported a routine tax-related share disposition. On the vesting of restricted stock units, 9,772 shares of common stock were withheld to cover associated tax liabilities at a value of $15.65 per share. This was not an open-market sale but an automatic tax-withholding mechanism. After this transaction, Sjolund directly holds 263,586 shares of PRA Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sjolund Martin
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,772 | $15.65 | $153K |
Holdings After Transaction:
Common Stock — 263,586 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 9,772 shares
Withholding share value: $15.65 per share
Shares held after transaction: 263,586 shares
3 metrics
Shares withheld for taxes
9,772 shares
Tax liability on restricted stock unit vesting
Withholding share value
$15.65 per share
Value used for tax-withholding disposition
Shares held after transaction
263,586 shares
Direct common stock ownership after tax withholding
Key Terms
restricted stock units, tax liability, tax-withholding disposition
3 terms
restricted stock units financial
"Reflects the number of shares withheld to cover the tax liability associated with the vesting of restricted stock units."
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.
tax liability financial
"Reflects the number of shares withheld to cover the tax liability associated with the vesting of restricted stock units."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did PRA Group (PRAA) report for CEO Martin Sjolund?
PRA Group’s CEO Martin Sjolund reported a tax-related share disposition. 9,772 common shares were withheld to cover taxes tied to restricted stock unit vesting, rather than being sold in the open market.