Perla David 4

What Happened Perla David, Vice Chair of Burford Capital Ltd (BUR), received a grant of 4,240 restricted share units (RSUs) on March 5, 2026. The grant is reported as a derivative award valued at $8.55 per RSU, totaling $36,252. This was an award (not an open-market purchase or sale); the RSUs convert to ordinary shares only if and when they vest.

Key Details

• Transaction date and value: March 5, 2026 — 4,240 RSUs at $8.55 each = $36,252 (reported as an "A" award/derivative on the Form 4).
• Vesting schedule (footnote): RSUs vest in five equal installments — first on March 22, 2027, then March 15 of 2028, 2029, 2030, and 2031 — each installment subject to continued employment. Each RSU represents the contingent right to one ordinary share.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed March 9, 2026, for a March 5, 2026 grant; this appears to be within the typical two-business-day filing window for Form 4s.

Context This was a compensation grant (RSUs). RSU awards are common executive compensation and only become actual shares if vesting conditions are met; they are not an immediate cash purchase or sale. Because the filing does not state post-transaction holdings, you cannot infer David’s overall ownership level or whether this reflects a bullish signal.