Bell Ryan B 4

What Happened

• Ryan B. Bell, President of Encore Capital Group, was granted a total of 18,428 stock units on March 9, 2026 (three separate award entries: 9,165; 4,133; 5,130) at $0.00 per share (award/acquisition). To cover the tax liability from vesting, 7,899 shares were withheld/disposed at $68.19 each for a value of $538,633. The filing shows awards (code A) and the withholding for taxes (code F).

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
• Awards: 9,165 RSUs; 4,133 shares issued related to PSU vesting; 5,130 performance stock units — total 18,428 units granted/issued on Mar 9, 2026 (acquired at $0.00).
• Tax withholding (disposal): 7,899 shares withheld at $68.19 each = $538,633 (reported as a disposition to satisfy tax liability).
• Shares owned after transaction: not specified in the provided filing summary.
• Relevant footnotes: F1 — RSUs granted on 3/9/2026 vest in annual installments over 3 years (1/3 each on 3/9/27, 3/9/28, 3/9/29). F2 — some shares represent issuance on PSU vesting. F3 — PSUs granted 3/9/2025 for which performance targets were met; these vest on 3/9/2028. F4 — disposal is withholding of shares to pay taxes.

Context

• These transactions are largely compensation-related awards and routine tax-withholding on vesting, not an open-market sale or purchase indicating directional trading. Withholding shares to satisfy tax is a common administrative step when stock units vest. The awards include time-based RSUs and performance stock units with differing vesting schedules.