SRT streaming not using passphrase auth in 26.2.2

When attempting to stream with SRT protocol as a caller it seems like Premiere is not correctly using the passphrase that I enter and instead its starting the stream unsecured. 

On my server I get these errors from the SRT protocol. 

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:10:15.122626/SRT:RcvQ:w2!W:SRT.cn: processConnectRequest: rsp(REJECT): 1011 - Password required or unexpected

14:10:15.214513/SRT:RcvQ:w2*E:SRT.cn: @566080749: HS EXT: Agent declares encryption, but Peer does not - rejecting connection per enforced encryption.

14:10:15.214592/SRT:RcvQ:w2!W:SRT.cn: @566080749:newConnection: connection rejected due to: INTERNAL REJECTION - ERROR:UNSECURE

The exact same settings work fine when using Premiere 25.0. Streaming also works if I turn off the passphrase requirement in the server and send it unencrypted from Premiere. 

So seems like passphrase is not added properly in Premiere 26.2.2.