Gallagher Steven T 4
4 · Brixmor Property Group Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Brixmor CFO Steven Gallagher Receives RSU Awards
What Happened
Steven T. Gallagher, Executive Vice President, Chief Financial Officer and Treasurer of Brixmor Property Group (BRX), was awarded a total of approximately 25,288 restricted stock units (RSUs) on February 4, 2026. To satisfy tax withholding on vesting, 1,753 common shares were surrendered (disposed) at $27.73 per share, generating proceeds of $48,610 that were used to cover tax obligations. The awards include performance- and outperformance-based RSUs that converted to shares based on satisfied criteria on that date.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
- Awards granted (aggregate): ~25,288 RSUs (various grant items reported).
- Shares surrendered for tax withholding: 1,602 shares ($44,423) and 151 shares ($4,187) — total 1,753 shares at $27.73/share, total $48,610.
- RSU conversion: RSUs convert one-for-one into common stock.
- Vesting specifics: Portions of the awards are performance/outperformance-based and subject to additional time-based vesting — e.g., 2,813 shares vest 1/1/2027 and 2,813 vest 1/1/2028 (and an outperformance portion of 264/264 on those same dates). Other RSUs vest ratably over three years beginning January 1, 2027.
- Shares owned after transaction: Not specified in the filing.
- Transaction codes: A = Award/Grant; F = Shares surrendered for tax withholding.
Context
This was primarily an award/vesting event, not an open-market purchase or a voluntary sale. The small disposition (1,753 shares) was a routine, non-investment sale used solely to satisfy tax-withholding obligations on the vested RSUs (common practice for RSU vesting). The awards include performance-based components whose achievement was determined on Feb 4, 2026 and which remain subject to further time-based vesting schedules.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-04+5,624→ 66,737 total - Tax Payment
Common Stock
[F2]2026-02-04$27.73/sh−1,602$44,423→ 65,135 total - Award
Common Stock
[F1]2026-02-04+528→ 65,663 total - Tax Payment
Common Stock
[F2]2026-02-04$27.73/sh−151$4,187→ 65,512 total - Award
Restricted Stock Units
[F1][F3][F4]2026-02-04+5,626→ 5,626 total→ Common Stock (5,626 underlying) - Award
Restricted Stock Units
[F1][F5][F6]2026-02-04+528→ 528 total→ Common Stock (528 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, 2,813 will vest on January 1, 2027 and 2,813 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, 264 will vest on January 1, 2027 and 264 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.