Peggy Turner
PRA GROUPAbout Peggy P. Turner
Peggy P. Turner, age 63, is an independent director of PRA Group (PRAA), serving on the Nominating and Corporate Governance Committee and the Risk Committee. She is Vice President and Executive Advisor in Toyota Motors North America’s Social Innovation Department (since Jan 2022), with prior senior roles at Lexus and Toyota in customer experience and retention; education includes a B.A. (UC Irvine) and M.B.A. (Loyola Marymount) . The Board has determined Ms. Turner is independent under Nasdaq/SEC rules; each director attended at least 75% of Board/committee meetings in 2024 and all directors attended the 2024 annual meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Toyota Motors North America | Vice President & Executive Advisor, Social Innovation Department | Jan 2022 – Present | Focus on social innovation initiatives; stakeholder engagement |
| Lexus (Toyota) | Vice President, Guest Retention & Loyalty | 2019 – 2022 | Customer retention strategy and programs |
| Lexus (Toyota) | Vice President, Guest Experience | 2012 – 2019 | Customer experience leadership across operations |
| Toyota Motors North America | Vice President, Toyota Customer Relations | 2011 – 2012 | Customer relations leadership |
| Toyota Motors | Various roles (parts, customer service, new business development, procurement, supply chain, real estate) | 1991 – 2011 | Operational breadth across supply chain and customer-facing functions |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Public company boards | — | — | None; PRAA lists no other public company directorships for Ms. Turner |
Board Governance
- Committee assignments: Nominating & Corporate Governance (member), Risk (member) .
- Committee activity: Nominating & Corporate Governance met 6 times in 2024; Risk Committee met 6 times in 2024 .
- Independence: Board determined Ms. Turner is independent under Nasdaq/SEC standards .
- Attendance: Board held 11 meetings in 2024; each director attended ≥75% of Board/committee meetings; all directors attended the 2024 annual meeting .
- Board leadership: Lead Independent Director presides over executive sessions at each Board meeting; Chairman and CEO roles are separated .
Fixed Compensation
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Fees Earned or Paid in Cash (USD) | $99,375 | $100,000 | $100,000 |
| Stock Awards Fair Value (USD) | $154,995 | $154,991 | $154,991 |
| Total (USD) | $254,370 | $254,991 | $254,991 |
- Director retainer structure (2024): Board member $70,000; committee member fee $15,000 per committee; committee chair fee $30,000 (chairs only receive chair fee). Non-employee directors also received RSUs valued at ~$155,000 on the 2024 annual meeting date (vesting on anniversary or next annual meeting, if earlier) .
Performance Compensation
| Equity Instrument | Grant Date | Grant Value | Vesting | Performance Metrics |
|---|---|---|---|---|
| Annual RSUs (Director) | June 13, 2024 | ~$155,000 | Vest on anniversary of grant or next annual meeting, if earlier | None; director equity is time-based RSUs (no options disclosed for directors) |
Note: PRA Group states it does not currently grant stock options (disclosure in executive compensation program; director section shows RSUs only) .
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock |
|---|---|---|
| None disclosed | — | No public company interlocks disclosed for Ms. Turner |
Expertise & Qualifications
- Executive leadership in customer experience, retention, and loyalty, with operational breadth across supply chain and procurement; international/global exposure .
- Skills matrix tags: International/Global; Public Company experience (as senior corporate executive, not board) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Peggy P. Turner | 22,208 | <1% | Table includes RSUs vesting within 60 days of April 21, 2025 |
- Director stock ownership guidelines: Non-employee directors must hold shares valued at ≥5x the annual Board cash retainer; expected within 5 years of joining. As of April 21, 2025, all non-employee directors with ≥5 years of service met the requirement (individual compliance for Ms. Turner not specifically disclosed) .
- Anti-pledging and anti-hedging: Directors are prohibited from pledging PRA shares and from hedging transactions (e.g., swaps, collars, short sales) .
Governance Assessment
- Alignment: Compensation mix is majority equity by fair value (2024: equity $154,991 vs cash $100,000; ~61% equity), aligning director incentives with shareholder outcomes .
- Independence & oversight: Independent status, service on Nominating & Corporate Governance and Risk Committees, and engagement thresholds support board effectiveness .
- Attendance & engagement: Met Board’s ≥75% attendance standard; participation in annual meeting supports engagement .
- Conflicts/RPTs: PRA’s Related Party Transaction Policy requires committee approval; the company reports no related party transactions in 2024. Anti-pledging/hedging policies reduce misalignment risk .
- RED FLAGS: None disclosed—no pledging/hedging, no related-party transactions, and consistent director equity program with time-based RSUs .