Horgan Mark 4

4 · Brixmor Property Group Inc. · Filed Feb 6, 2026

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Updated Feb 6, 2026

Brixmor (BRX) EVP Mark Horgan Receives RSU Awards; Surrenders Shares

What Happened

Mark Horgan, EVP and Chief Investment Officer of Brixmor Property Group (BRX), had RSUs vest and received common shares on Feb 4, 2026. He acquired 32,004 shares upon conversion of RSUs and surrendered 16,339 of those shares to the company to satisfy tax-withholding obligations, generating proceeds of $453,080 (14,936 shares @ $27.73 = $414,175; 1,403 shares @ $27.73 = $38,905). Net new shares retained from the vesting event: 15,665.
In addition, Horgan was granted 53,642 RSUs (derivative awards) that are subject to time- and performance-based vesting schedules (no cash exchanged now). These are grants/awards, not open-market purchases or sales — the share surrenders were a routine tax-withholding event.

Key Details

Transaction date: Feb 4, 2026; Form 4 filed Feb 6, 2026 (appears timely).
Tax-withholding disposals: 14,936 shares @ $27.73 = $414,175; 1,403 shares @ $27.73 = $38,905; total ~$453,080.
Vested shares received: 32,004 shares (converted RSUs). Derivative RSU grants: 29,258 + 2,746 + 21,638 = 53,642 RSUs (reported at $0.00 because they are unvested awards).
Net shares added to Horgan’s position from this vesting after tax withholding: 15,665 shares.
Relevant footnotes: RSUs convert one-for-one into common stock (F1); shares were surrendered to satisfy tax withholding (F2); portions of the awards are performance-based and subject to additional time-based vesting (F3–F6); some RSUs vest ratably over three years beginning Jan 1, 2027 (F7).
Shares owned after the transaction: not specified in the provided excerpt.

Context

These transactions are routine: the disposals were for tax withholding (code F), not open-market sales. The derivative entries are unvested RSUs or performance RSUs that will convert to common shares only if/when vesting conditions and time-based requirements are met. Such awards indicate compensation-related equity grants rather than a directional market bet.

Form 4

Period: 2026-02-04

EVP, Chief Investment Officer

Transactions

Award
Common Stock
[F1]
2026-02-04+29,257→ 415,426 total
Tax Payment
Common Stock
[F2]
2026-02-04$27.73/sh−14,936$414,175→ 400,490 total
Award
Common Stock
[F1]
2026-02-04+2,747→ 403,237 total
Tax Payment
Common Stock
[F2]
2026-02-04$27.73/sh−1,403$38,905→ 401,834 total
Award
Restricted Stock Units
[F1][F3][F4]
2026-02-04+29,258→ 29,258 total
→ Common Stock (29,258 underlying)
Award
Restricted Stock Units
[F1][F5][F6]
2026-02-04+2,746→ 2,746 total
→ Common Stock (2,746 underlying)
Award
Restricted Stock Units
[F1][F7]
2026-02-04+21,638→ 21,638 total
→ Common Stock (21,638 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, 14,629 will vest on January 1, 2027 and 14,629 will vest 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, 1,373 will vest on January 1, 2027 and 1,373 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, by power of attorney|2026-02-06

1 file