Klein Mark N. 4

What Happened Mark N. Klein, General Counsel & Chief Administrative Officer of Burford Capital Ltd (BUR), was granted 39,328 restricted share units (RSUs) on March 5, 2026. The grant was reported as a derivative acquisition (award) at a per-unit value of $8.55, totaling $336,254. This was a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: March 5, 2026; filing date: March 9, 2026 (filed after the typical two-business-day Form 4 window).
• Transaction type/code: Award/Grant (A); reported as a derivative instrument (RSUs).
• Units granted: 39,328 RSUs at $8.55 per unit; total reported value $336,254.
• Shares owned after transaction: Not specified in the filing.
• Footnote (vesting): RSUs vest in five equal installments — 1st on March 22, 2027; then March 15 of 2028, 2029, 2030, and 2031 — each tranche subject to continued employment. Each RSU is a contingent right to receive one ordinary share upon vesting.

Context RSUs are a form of compensation and are derivative until they vest and convert into ordinary shares; they do not represent immediate share ownership or an open‑market purchase. This grant reflects executive compensation rather than a direct bullish or bearish trading signal.