Ryan Bell - Mar 8, 2024 Form 4 Insider Report for ENCORE CAPITAL GROUP INC (ECPG)

Role
President, MCM
Signature
/s/ Michael Chin, Attorney-in-Fact for Ryan Bell
Stock symbol
ECPG
Transactions as of
Mar 8, 2024
Transactions value $
-$638,387
Form type
4
Date filed
3/12/2024, 07:41 PM
Previous filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECPG Common Stock Sale -$275K -5.5K -11.48% $50.00 42.4K Mar 8, 2024 Direct F1
transaction ECPG Common Stock Award $0 +9.97K +23.51% $0.00 52.4K Mar 9, 2024 Direct F2
transaction ECPG Common Stock Award $0 +6.58K +12.56% $0.00 59K Mar 9, 2024 Direct F3
transaction ECPG Common Stock Tax liability -$196K -3.91K -6.64% $50.15 55K Mar 9, 2024 Direct F4
transaction ECPG Common Stock Tax liability -$167K -3.33K -6.05% $50.15 51.7K Mar 9, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 14, 2023.
F2 Grant to the reporting person on March 9, 2024 of restricted stock units ("RSUs") under the Encore Capital Group, Inc. 2017 Incentive Award Plan. The RSUs are subject to vesting and vest in annual installments over a three-year period, with one-third vesting on March 9, 2025, one-third vesting on March 9, 2026, and the remaining one-third vesting on March 9, 2027.
F3 Represents shares issued in connection with the vesting of performance stock units based upon the achievement of performance targets.
F4 Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock units.