Sjolund Martin 4

What Happened

• Martin Sjolund, President, CEO and Director of PRA Group (PRAA), was granted a total of 106,901 shares on March 9, 2026 (101,928 + 4,973) at $0.00 per share (awards).
• To satisfy tax withholding obligations tied to the vesting/issuance, 15,278 shares were surrendered/withheld at an effective price of $18.15 per share, generating proceeds of approximately $277,296. These withholdings are reported as disposals (code F) and are routine tax-related transactions, not open‑market sales.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears to be filed within the normal reporting window).
• Grants: 101,928 RSUs and 4,973 performance shares (total 106,901 shares) reported as awards (code A) at $0.00.
• Withheld for taxes (code F): 2,338; 1,700; 3,869; 1,857; and 5,514 shares (total 15,278) at $18.15 each — total ~ $277,296.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes from the filing:
  • F1: RSUs granted under the Omnibus Incentive Plan vest ratably over three years beginning on the March 9, 2026 anniversary.
  • F2: The smaller award represents performance shares earned under the company’s 2023–2025 Long-Term Incentive Plan.
  • F3/F4: The reported disposals represent shares withheld to cover tax liabilities for the performance share units (F3) and the RSUs (F4).

Context

• These transactions reflect equity awards and routine tax withholding, not an open-market purchase or a discretionary sale. For derivative-style awards (RSUs/PSUs), companies commonly withhold shares to satisfy payroll/tax obligations when awards vest or are issued.