PRA Group (PRAA) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 16, 2026, to be held virtually, with record date April 20, 2026.

• Company operates globally in nonperforming loan purchase and management, with principal markets in the U.S. and Europe.

• 2025 saw global portfolio purchases of $1.2B, total portfolio revenue of $1.2B, and net income of ($305M), with significant cost reductions and operational improvements.

• Leadership transitions included appointment of a new CEO and President of PRA Group Europe in June 2025.

Voting matters and shareholder proposals

• Shareholders will vote on: election of nine directors for one-year terms, ratification of Ernst & Young LLP as auditor for 2026, advisory approval of executive compensation, and an amendment to increase share authorization under the 2022 Omnibus Incentive Plan.

• Board recommends voting FOR all proposals.

• No shareholder proposals or director nominations were received for this meeting.

Board of directors and corporate governance

• Board consists primarily of independent directors (8 of 10), with annual elections and a Lead Independent Director.

• Board committees (Audit, Compensation, Nominating and Corporate Governance, Risk) are composed solely of independent directors.

• Board refreshment ongoing, with four new members in the last four years.

• Directors must retire at age 75 and adhere to stock ownership guidelines.

• Board conducts annual performance evaluations and maintains a clear separation between Executive Chairman and CEO roles.