Horgan Mark 4

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.