Ashish Masih - Mar 9, 2022 Form 4 Insider Report for ENCORE CAPITAL GROUP INC (ECPG)

Role: President and CEO, Director
Signature: /s/ Michael Chin, Attorney-in-Fact for Ashish Masih
Stock symbol: ECPG
Transactions as of: Mar 9, 2022
Transactions value $: -$2,530,488
Form type: 4
Date filed: 3/11/2022, 06:15 PM
Next filing: Mar 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECPG	Common Stock	Award	$0	+21.9K	+10.45%	$0.00	231K	Mar 9, 2022	Direct	F1
transaction	ECPG	Common Stock	Award	$0	+42.6K	+18.42%	$0.00	274K	Mar 9, 2022	Direct	F2
transaction	ECPG	Common Stock	Options Exercise	$92.4K	+4.17K	+1.52%	$22.17	278K	Mar 9, 2022	Direct
transaction	ECPG	Common Stock	Tax liability	-$948K	-14.3K	-5.15%	$66.29	264K	Mar 9, 2022	Direct	F3
transaction	ECPG	Common Stock	Tax liability	-$1.4M	-21.1K	-8.01%	$66.29	242K	Mar 9, 2022	Direct	F3
transaction	ECPG	Common Stock	Tax liability	-$183K	-2.77K	-1.14%	$66.29	240K	Mar 9, 2022	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ECPG	Non-Qualified Stock Option (right to buy)	Options Exercise	-$92.4K	-4.17K	-100%	$22.17	0	Mar 9, 2022	Common Stock	4.17K	$22.17	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant to the reporting person on March 9, 2022 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, 2023, one-third vesting on March 9, 2024, and the remaining one-third vesting on March 9, 2025.
F2	Represents shares issued in connection with the vesting of performance stock units based upon the achievement of performance targets.
F3	Disposal relates to the withholding of securities for the payment of the tax liability incident to the vesting of stock units.
F4	Amount represents shares withheld for payment of the exercise price and tax liability incident to the exercise of options.
F5	Grant to the reporting person on April 6, 2012 of a non-qualified stock option under the 2005 Plan. All shares under the option have become vested and exerciseable.