WEAVER LANCE L 4
Research Summary
AI-generated summary
PRA Group (PRAA) Director Lance Weaver Receives Award
What Happened
- Lance L. Weaver, a director of PRA Group, received an award of 10,543 restricted stock units (RSUs) on June 16, 2026. The reported acquisition price is $0.00 because this is a grant of RSUs (transaction code A).
- The RSUs will vest fully on June 16, 2027, or at the next annual meeting if earlier, provided Weaver remains a director on the vesting date (footnote F1). The filing was submitted on 2026-06-18.
Key Details
- Transaction date and type: 2026-06-16 — Grant/Award of 10,543 RSUs (Code A); price reported $0.00.
- Vesting: Full vesting on 2027-06-16 or the next annual meeting, contingent on continued service as a director (F1).
- Shares owned after transaction: The filing does not state an exact total; it notes an adjustment to indirect holdings via a trust to reflect the correct number after the grant (F2).
- Filing timeliness: Transaction reported on Form 4 filed 2026-06-18 (appears timely under usual two-business-day rule).
- Footnotes: F1 explains RSU grant and vesting; F2 notes an adjustment to the amount of indirect securities beneficially owned by a trust following this transaction.
Context
- This was an equity award to a director (not an open-market purchase or sale), which is a routine form of director compensation and does not by itself indicate buying/selling sentiment.
- RSUs are typically converted to shares at vesting; the reported $0.00 reflects grant accounting, not the market value the award may realize at vesting.