Gallagher Steven T 4

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.