PRA Group director receives 10,543-share RSU grant
WEAVER LANCE L reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
WEAVER LANCE L reported acquisition or exercise transactions in this Form 4 filing.
PRA Group Inc. director Lance L. Weaver reported an equity award and updated indirect holdings. He received a grant of 10,543 shares of Common Stock in the form of restricted stock units as his annual director retainer under the 2022 Omnibus Incentive Plan. These RSUs vest in full on June 16, 2027, or on the date of the next Annual Meeting, whichever occurs first, if he remains a director on the vesting date. Following this grant, Weaver directly holds 21,284 shares of Common Stock. A separate entry updates his indirect ownership by a trust, which now holds 41,680 shares after the reported transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 10,543 shares
Grant/Award
2 txns
Insider
WEAVER LANCE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,543 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,284 shares (Direct);
Common Stock — 41,680 shares (Indirect, By trust)
Footnotes (2)
- F1. 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 16, 2027, or the next Annual Meeting date, whichever comes earlier, provided that the Reporting Person is a director of the Issuer on the vesting date.
- F2. The amount of indirect securities beneficially owned by trust has been adjusted to reflect the correct number of shares held following the reported transaction.
Key Figures
RSU grant size: 10,543 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 21,284 shares
+2 more
5 metrics
RSU grant size
10,543 shares
Director retainer grant of Common Stock RSUs
Grant price per share
$0.0000 per share
RSU award under 2022 Omnibus Incentive Plan
Direct holdings after grant
21,284 shares
Total PRA Group common shares held directly post-transaction
Indirect holdings by trust
41,680 shares
Beneficially owned indirectly by trust after adjustment
RSU vesting date
June 16, 2027
Vest on this date or next Annual Meeting, whichever earlier
Key Terms
restricted stock units ("RSUs"), 2022 Omnibus Incentive Plan, director retainer grant, beneficially owned
4 terms
restricted stock units ("RSUs") 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 (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2022 Omnibus Incentive Plan financial
"Director retainer grant awarded annually in the form of restricted stock units ("RSUs") 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") pursuant to the Issuer's 2022 Omnibus Incentive Plan."
beneficially owned financial
"The amount of indirect securities beneficially owned by trust has been adjusted to reflect the correct number of shares held following the reported transaction."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PRA Group (PRAA) director Lance L. Weaver report?
Lance L. Weaver reported receiving 10,543 PRA Group common shares as a restricted stock unit grant. The award represents his annual director retainer and is issued at no cash cost under the company’s 2022 Omnibus Incentive Plan, subject to future vesting conditions.
When do Lance L. Weaver’s new PRA Group (PRAA) RSUs vest?
The 10,543 restricted stock units vest fully on June 16, 2027, or on the next Annual Meeting date, whichever comes earlier. Vesting requires that Weaver continues to serve as a director of PRA Group through the applicable vesting date.
What change was reported in Lance L. Weaver’s indirect PRA Group (PRAA) holdings by trust?
The filing updates the number of PRA Group shares beneficially owned indirectly by a trust to 41,680. The footnote explains this amount was adjusted to reflect the correct number of shares held following the reported equity award transaction.
Is Lance L. Weaver’s PRA Group (PRAA) RSU grant an open-market purchase?
No. The 10,543-share grant is a compensation-related award of restricted stock units, not an open-market purchase. It is described as an annual director retainer grant made under PRA Group’s 2022 Omnibus Incentive Plan at a stated price of $0.00 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
