SIEGEL STEVEN F 4
4 · Brixmor Property Group Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Brixmor (BRX) General Counsel Steven F. Siegel Receives RSUs, Sells Shares
What Happened
Steven F. Siegel — Executive Vice President, General Counsel and Secretary of Brixmor (BRX) — was credited with multiple restricted stock unit (RSU) awards on 2026-02-04, including performance- and outperformance-based RSUs and time-based RSUs. To satisfy tax withholding on the vesting/conversion, he surrendered 11,310 shares (10,339 + 971) at $27.73 per share, resulting in cash proceeds of $286,700 and $26,926, respectively (total ≈ $313,626). The RSU awards reported include awards that are subject to additional time-based vesting.
Key Details
- Transaction date: February 4, 2026; Form filed February 6, 2026 (appears timely).
- Shares surrendered for tax withholding: 10,339 @ $27.73 ($286,700) and 971 @ $27.73 ($26,926); total surrendered = 11,310 shares for ~$313,626.
- Awards reported (selected footnote highlights):
- 20,256 performance RSUs (10,128 vest 1/1/2027; 10,128 vest 1/1/2028).
- 1,902 outperformance RSUs (951 vest 1/1/2027; 951 vest 1/1/2028).
- 12,982 RSUs that vest ratably over three years beginning 1/1/2027.
- RSUs convert into common stock on a one-for-one basis (footnote F1).
- The surrendered shares reflect share-for-tax withholding to satisfy tax obligations on vesting (sell-to-cover; footnote F2).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: report covers the 2/4/2026 transaction and was filed on 2/6/2026.
Context and investor takeaways
- This was not an open-market sale for investment purposes but a routine share surrender to cover tax withholding on vested/earned RSUs (often called a sell-to-cover). Such transactions are standard when equity awards vest and do not necessarily signal the insider’s view on the stock.
- Many of the reported RSUs remain subject to future time-based vesting, so Siegel will not immediately own all awarded shares until those vesting dates.
Insider Transaction Report
Form 4
SIEGEL STEVEN F
See remarks
Transactions
- Award
Common Stock
[F1]2026-02-04+20,252→ 348,145 total - Tax Payment
Common Stock
[F2]2026-02-04$27.73/sh−10,339$286,700→ 337,806 total - Award
Common Stock
[F1]2026-02-04+1,902→ 339,708 total - Tax Payment
Common Stock
[F2]2026-02-04$27.73/sh−971$26,926→ 338,737 total - Award
Restricted Stock Units
[F1][F3][F4]2026-02-04+20,256→ 20,256 total→ Common Stock (20,256 underlying) - Award
Restricted Stock Units
[F1][F5][F6]2026-02-04+1,902→ 1,902 total→ Common Stock (1,902 underlying) - Award
Restricted Stock Units
[F1][F7]2026-02-04+12,982→ 12,982 total→ Common Stock (12,982 underlying)
Footnotes (7)
- [F1]Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
- [F2]Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
- [F3]Represents the portion of the number of shares determined to have been earned based upon the performance criteria that are subject to additional time-based vesting criteria. Of the number of RSUs reported, 10,128 will vest on January 1, 2027 and 10,128 will vest on January 1, 2028.
- [F4]The date of the transaction represents the date on which the performance criteria of a previously granted performance share award were determined to have been satisfied.
- [F5]Represents the portion of the number of shares determined to have been earned based upon the outperformance criteria that are subject to additional time-based vesting criteria. Of the number of outperformance RSUs reported, 951 will vest on January 1, 2027 and 951 will vest on January 1, 2028.
- [F6]The date of the transaction represents the date on which the outperformance criteria of a previously granted outperformance RSU were determined to have been satisfied.
- [F7]The RSUs vest ratably over three years beginning January 1, 2027.
Signature
/s/ Steven F. Siegel|2026-02-06