Utley Charles 4

What Happened Charles Utley, Chief Accounting Officer of Burford Capital Ltd (BUR), was granted 18,714 restricted share units (RSUs) on March 5, 2026. The grant is reported as a derivative award at an imputed price of $8.55 per share, for a total grant value of $160,005. This was an award/grant (not an open‑market purchase or sale).

Key Details

• Transaction type/date: Award (RSU grant) on 2026-03-05; reported on Form 4 filed 2026-03-09 (timely).
• Grant size and value: 18,714 RSUs at $8.55 per share, total $160,005 (derivative award).
• Vesting: RSUs vest in five equal installments. Footnote lists vesting dates for the first three installments: March 22, 2027; March 15, 2028; and March 15, 2029. Vesting is subject to continued employment. Each RSU represents a contingent right to one ordinary share.
• Shares owned after transaction: Not disclosed in this filing.
• Codes/notes: Transaction reported as a grant/award (derivative). No 10b5-1 plan or tax‑withholding note shown; filing appears timely (filed within required business days).

Context This is a standard equity compensation award used for retention and incentive alignment. RSUs are contingent — they convert to actual shares only as they vest and subject to continued employment — so this does not represent an immediate open‑market purchase or sale. For retail investors, awards signal compensation policy and potential future share issuance upon vesting rather than an immediate insider market view.