[Form 4] ENCORE CAPITAL GROUP INC Insider Trading Activity

Rhea-AI Filing Summary

Encore Capital Group EVP, CFO & Treasurer Tomas Cruz received new equity awards and had shares withheld for taxes. On March 9, 2026, he was granted 8,065 restricted stock units under the 2017 Incentive Award Plan, vesting in three equal annual installments on March 9, 2027, 2028, and 2029. He also acquired 4,430 performance stock units granted on March 9, 2025, for which performance conditions have been satisfied and that vest on March 9, 2028. To cover tax liabilities from vesting stock units, 4,148 shares of common stock were withheld at $68.19 per share, a non-market disposition. Following these transactions, Cruz holds 32,573 shares of Encore Capital Group common stock directly.

Insights

Insider compensation analyst

Routine equity compensation grants to Encore Capital’s CFO with tax withholding, no open-market trading.

The transactions show Tomas Cruz, EVP, CFO & Treasurer of Encore Capital Group, receiving equity-based compensation rather than trading shares in the market. He was granted 8,065 restricted stock units and 4,430 performance stock units tied to prior performance conditions.

The filing also reports 4,148 shares withheld at $68.19 per share to pay taxes on vesting units, a standard non-market mechanism. After these actions, Cruz directly owns 32,573 common shares. Overall, this appears to be routine executive compensation and tax withholding, with no explicit signal about his view on the stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hernanz Tomas Cruz

Role EVP, CFO & TREASURER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,065	$0.00	--
Grant/Award	Common Stock	4,430	$0.00	--
Tax Withholding	Common Stock	4,148	$68.19	$283K

Holdings After Transaction: Common Stock — 32,291 shares (Direct)

Footnotes (1)

1. Grant to the reporting person on March 9, 2026 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, 2027, one-third vesting on March 9, 2028, and the remaining one-third vesting on March 9, 2029. Represents performance stock units granted on March 9, 2025 under the Encore Capital Group, Inc. 2017 Incentive Award Plan for which performance conditions have been satisfied. These performance stock units vest on March 9, 2028. Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock units.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Hernanz Tomas Cruz

(Last) (First) (Middle)

350 CAMINO DE LA REINA

SUITE 100

(Street)

SAN DIEGO CA 92108

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENCORE CAPITAL GROUP INC [ ECPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO & TREASURER

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		A		8,065(1)	A	$0	32,291	D
Common Stock	03/09/2026		A		4,430(2)	A	$0	36,721	D
Common Stock	03/09/2026		F		4,148(3)	D	$68.19	32,573	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant to the reporting person on March 9, 2026 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, 2027, one-third vesting on March 9, 2028, and the remaining one-third vesting on March 9, 2029.

2. Represents performance stock units granted on March 9, 2025 under the Encore Capital Group, Inc. 2017 Incentive Award Plan for which performance conditions have been satisfied. These performance stock units vest on March 9, 2028.

3. Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock units.

Remarks:

	/s/ Michael Chin, Attorney-in-Fact for Tomas Hernanz	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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