Finnegan Brian T 4

What Happened

• Brian T. Finnegan, Chief Executive Officer and President of Brixmor Property Group (BRX), was granted a combination of performance-based and time-based restricted stock units (RSUs) and simultaneously had shares surrendered to satisfy tax withholding. The filing shows awards totaling 107,283 RSUs (combining performance-determined and standard RSUs).
• To cover tax withholding on the vested RSUs, Finnegan surrendered 16,339 shares (14,936 + 1,403) at $27.73 per share, producing proceeds of $414,175 and $38,905 respectively — about $453,080 total. The RSU awards themselves carry $0 exercise price (they are equity awards, not option purchases).

Key Details

• Transaction date: February 4, 2026 (date when performance/outperformance criteria were determined satisfied for certain awards).
• Disposal details (tax withholding): 14,936 shares at $27.73 = $414,175; 1,403 shares at $27.73 = $38,905; total surrendered = 16,339 shares for ~$453,080.
• Awards granted/recognized on filing: 29,257 and 2,747 RSUs reported as acquired; plus derivative RSU amounts of 29,258, 2,746, and 43,275 (total awards = 107,283 RSUs reported).
• Vesting notes from footnotes:
  • Some performance RSUs: 29,258 RSUs split to vest 14,629 on Jan 1, 2027 and 14,629 on Jan 1, 2028.
  • Outperformance RSUs: 2,746 RSUs split to vest 1,373 on Jan 1, 2027 and 1,373 on Jan 1, 2028.
  • Another RSU tranche (43,275) vests ratably over three years beginning Jan 1, 2027.
• Shares owned after the transaction: not disclosed in this filing.
• Filing timeliness: this Form 4 is marked late (transactionTimeliness = L), meaning the disclosure was delayed beyond the standard reporting window.

Context

• The disposals reported are tax-withholding related (code F), a routine administrative step when RSUs vest; it is not an open-market sale intended as a directional signal about the CEO’s view of the stock.
• The awards are RSUs (convert one-for-one into common stock when vested). Many of the reported RSUs are performance-determined but still subject to additional time-based vesting, so the full economic benefit depends on future vesting dates and performance outcomes.
• For retail investors: purchases by insiders often attract attention as potential bullish signals, but tax-withholding share surrenders on RSU vesting are common and generally not informative about management sentiment.