PRA Group Management

Management criteria checks 2/4

PRA Group's CEO is Vik Atal, appointed in Mar 2023, has a tenure of 1.25 years. total yearly compensation is $3.31M, comprised of 21% salary and 79% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €1.49M. The average tenure of the management team and the board of directors is 2.1 years and 7.5 years respectively.

Key information

Vik Atal

Chief executive officer

US$3.3m

Total compensation

CEO salary percentage	21.0%
CEO tenure	1.3yrs
CEO ownership	0.2%
Management average tenure	2.1yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vik Atal's remuneration changed compared to PRA Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$21m
Dec 31 2023	US$3m	US$694k	-US$83m
Sep 30 2023	n/a	n/a	-US$59m
Jun 30 2023	n/a	n/a	-US$22m
Mar 31 2023	n/a	n/a	US$19m
Dec 31 2022	US$270k	n/a	US$117m
Sep 30 2022	n/a	n/a	US$135m
Jun 30 2022	n/a	n/a	US$145m
Mar 31 2022	n/a	n/a	US$165m
Dec 31 2021	US$256k	n/a	US$183m
Sep 30 2021	n/a	n/a	US$179m
Jun 30 2021	n/a	n/a	US$187m
Mar 31 2021	n/a	n/a	US$189m
Dec 31 2020	US$233k	n/a	US$149m
Sep 30 2020	n/a	n/a	US$147m
Jun 30 2020	n/a	n/a	US$129m
Mar 31 2020	n/a	n/a	US$90m
Dec 31 2019	US$221k	n/a	US$86m
Sep 30 2019	n/a	n/a	US$74m
Jun 30 2019	n/a	n/a	US$59m
Mar 31 2019	n/a	n/a	US$60m
Dec 31 2018	US$221k	n/a	US$66m
Sep 30 2018	n/a	n/a	US$140m
Jun 30 2018	n/a	n/a	US$145m
Mar 31 2018	n/a	n/a	US$137m
Dec 31 2017	US$207k	n/a	US$164m

Compensation vs Market: Vik's total compensation ($USD3.31M) is above average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: Vik's compensation has increased whilst the company is unprofitable.

CEO

Vik Atal (68 yo)

1.3yrs

Tenure

US$3,306,511

Compensation

Mr. Vikram A. Atal, also known as Vik, serves as President & Chief Executive Officer of PRA Group, Inc. since March 27, 2023. He serves as a Senior Advisor at MissionOG Capital, LLC. He has served as Presi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven Fredrickson	Co-Founder & Non-Executive Chairman	22.3yrs	US$349.99k	0.29% $ 2.3m
Vikram Atal	President	1.3yrs	US$3.31m	0.19% $ 1.5m
Rakesh Sehgal	Executive VP & CFO	less than a year	US$1.19m	0.036% $ 285.3k
Owen James	Executive VP & Global Investments Officer	9.9yrs	US$1.10m	0.036% $ 282.6k
LaTisha Tarrant	Executive VP	1.8yrs	US$1.62m	0.037% $ 287.2k
Martin Sjölund	President of PRA Group Europe	6yrs	US$1.85m	0.13% $ 1.0m
Steven Macke	Global Operations Officer	less than a year	no data	no data
Jan Husby	Global Chief Information Officer	2.3yrs	no data	no data
Lauren Partin	Senior Vice President of Finance & Investor Relations	no data	no data	no data
Keith Warren	Chief Risk & Compliance Officer	less than a year	no data	no data
Elizabeth Kersey	Senior Vice President of Communications & Public Policy	no data	no data	no data
Neal Petrovich	Senior Vice President of Finance	14yrs	no data	no data

2.1yrs

Average Tenure

58.5yo

Average Age

Experienced Management: POV1's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Steven Fredrickson	Co-Founder & Non-Executive Chairman	22.3yrs	US$349.99k	0.29% $ 2.3m
Vikram Atal	President	8.8yrs	US$3.31m	0.19% $ 1.5m
Scott Tabakin	Independent Director	19.7yrs	US$262.49k	0.20% $ 1.6m
Lance Weaver	Lead Independent Director	8.5yrs	US$269.99k	0.086% $ 674.2k
John Fain	Independent Director	14.3yrs	US$262.49k	0.11% $ 845.1k
Marjorie Connelly	Independent Director	6.4yrs	US$269.99k	0.092% $ 717.9k
Geir Olsen	Independent Director	less than a year	US$183.78k	0.017% $ 133.6k
Glenn Marino	Independent Director	less than a year	no data	0.0041% $ 32.2k
James Nussle	Independent Director	11yrs	US$269.99k	0.099% $ 771.8k
Brett Paschke	Independent Director	3.9yrs	US$262.49k	0.044% $ 343.2k
Peggy Turner	Independent Director	3yrs	US$254.99k	0.020% $ 156.1k
Danielle Brown	Independent Director	5.4yrs	US$254.99k	0.062% $ 486.1k

7.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: POV1's board of directors are considered experienced (7.5 years average tenure).

PRA Group Management

Management criteria checks 2/4

Key information

Recent management updates

PRA Group, Inc. Announces Executive Changes

PRA Group, Inc., Annual General Meeting, Jun 13, 2024

President recently sold €134k worth of stock

PRA Group, Inc Appoints Glenn Marino to Board of Directors

PRA Group Inc. Appoints Keith Warren as Chief Risk and Compliance Officer, Effective January 29, 2024

Co-Founder & Non-Executive Chairman recently bought €463k worth of stock

Recent updates

PRA Group, Inc. Announces Executive Changes

Now 25% undervalued

PRA Group, Inc., Annual General Meeting, Jun 13, 2024

President recently sold €134k worth of stock

PRA Group, Inc. to Report Q2, 2024 Results on Aug 05, 2024

PRA Group, Inc Appoints Glenn Marino to Board of Directors

PRA Group, Inc. Reports Unaudited Impairment of Real Estate for the Three Months Ended December 31, 2023

PRA Group, Inc. Reports Unaudited Impairment of Real Estate for the Three Months Ended December 31, 2023

PRA Group Inc. Appoints Keith Warren as Chief Risk and Compliance Officer, Effective January 29, 2024

PRA Group, Inc. to Report Q1, 2024 Results on May 06, 2024

New major risk - Share price stability

PRA Group, Inc. to Report Q4, 2023 Results on Feb 26, 2024

New minor risk - Share price stability

Co-Founder & Non-Executive Chairman recently bought €463k worth of stock

PRA Group, Inc. Announces Executive Changes

PRA Group, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Laura B. White to Resign from PRA Group, Inc. as Executive Vice President, Chief Risk and Compliance Officer, Effective July 31, 2023

Independent Director recently bought €140k worth of stock

Investor sentiment improves as stock rises 21%

President recently bought €699k worth of stock

Investor sentiment deteriorates as stock falls 44%

Now 31% undervalued after recent price drop

PRA Group, Inc. to Report Q1, 2023 Results on May 08, 2023

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$0.63 (vs US$0.76 in 3Q 2021)

PRA Group, Inc. (NasdaqGS:PRAA) acquired Portfolios of Non Performing Loans for approximately $180 million.

PRA Group, Inc. to Report Q4, 2022 Results on Feb 27, 2023

Second quarter 2022 earnings released: EPS: US$0.92 (vs US$1.22 in 2Q 2021)

PRA Group, Inc. Appoints LaTisha Tarrant as Chief Human Resources Officer, Effective August 15, 2022

PRA Group, Inc. to Report Q3, 2022 Results on Nov 03, 2022

PRA Group, Inc.(NasdaqGS:PRAA) dropped from Russell 2000 Dynamic Index

PRA Group, Inc. (NasdaqGS:PRAA) acquired Americas Vetdogs The Veterans K9 Corps Inc.

Pra Group, Inc. Announces the Promotion of Jan Husby to the Position of Chief Information Office

First quarter 2022 earnings released: EPS: US$0.98 (vs US$1.28 in 1Q 2021)

PRA Group, Inc. to Report Q2, 2022 Results on Aug 08, 2022

PRA Group Announces Rakesh Sehgal as Head of Corporate Development in Newly Created Role

PRA Group, Inc. (NasdaqGS:PRAA) announces an Equity Buyback for $150 million worth of its shares.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

PRA Group, Inc. (NasdaqGS:PRAA) acquired Non Performing Loan Portfolios.

PRA Group, Inc. to Report Q1, 2022 Results on May 09, 2022

Third quarter 2021 earnings released: EPS US$0.76 (vs US$0.93 in 3Q 2020)

PRA Group, Inc. (NasdaqGS:PRAA) entered into an agreement to acquire Norwegian Portfolio of Defaulted Credit Cards and Installment Loans of Bank Norwegian ASA (OB:BANO).

Second quarter 2021 earnings released: EPS US$1.22 (vs US$1.27 in 2Q 2020)

PRA Group, Inc. (NasdaqGS:PRAA) acquired Portfolio of Finance Receivables.

PRA Group, Inc. (NasdaqGS:PRAA) agreed to acquire Norwegian Non-Performing Loans of Resurs Bank AB.

Independent Director Penelope Kyle has left the company

First quarter 2021 earnings released: EPS US$1.28 (vs US$0.42 in 1Q 2020)

Full year 2020 earnings released: EPS US$3.28 (vs US$1.90 in FY 2019)

Revenue beats expectations

PRA Group, Inc. (NasdaqGS:PRAA) acquired Portfolio of Finance Receivables.

Pra Group, Inc Announces Resignation of Penelope W. Kyle from the Board of Director

PRA Group, Inc. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day low: €27.40

New 90-day low: €28.20

New 90-day high: €36.60

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.93

PRA Group, Inc. (NasdaqGS:PRAA) acquired Portfolio of Finance Receivables.

New 90-day low: €32.40

New 90-day high - €38.20

New 90-day high - €37.20

First half earnings released

PRA Group, Inc. to Report Q3, 2020 Results on Nov 05, 2020

New 90-day high - €35.40

CEO Compensation Analysis

CEO

Tenure

Compensation