OCONNELL ELIZABETH 4

4 · Burford Capital Ltd · Filed Mar 9, 2026

AI-generated summary of this filing

Updated Mar 9, 2026

Burford Capital (BUR) CSO Elizabeth O'Connell Receives RSU Award

What Happened

Elizabeth O'Connell, Chief Strategy Officer of Burford Capital Ltd (BUR), received a grant of 156,287 restricted share units (RSUs) on March 5, 2026. The grant is recorded at $8.55 per unit, with a total reported value of $1,336,254. This is an award/grant (derivative RSUs), not an open-market purchase or sale.

Key Details

Transaction date and price: March 5, 2026; 156,287 RSUs at $8.55 each (total $1,336,254).
Shares owned after transaction: Not specified in this filing.
Vesting/footnote summary: RSUs were granted under the 2025 Omnibus Incentive Plan and generally vest in five equal installments from March 22, 2027 through March 15, 2031. However, because Ms. O'Connell became retirement-eligible on August 12, 2025, the RSUs vested in full on the grant date; settlement will follow the ordinary vesting schedule (see footnote F1).
Related filings: Transactions by Ms. O'Connell’s spouse, Christopher Bogart (also an executive), are reported separately (footnote F2).
Filing timeliness: Form 4 was filed March 9, 2026 for a March 5, 2026 grant — submitted four calendar days after the transaction; this appears later than the standard two business-day Form 4 deadline.

Context

These RSUs are derivative awards representing a contingent right to receive one ordinary share per RSU upon settlement. Because the award was granted and vested (due to retirement eligibility) rather than purchased, it does not reflect an open-market investment by the insider. For retail investors, awards like this are common for executive compensation; they show alignment with the company but are not the same signal as a personal cash purchase.

Form 4

Period: 2026-03-05

Chief Strategy Officer

Transactions

Award
RSUs
[F1][F2]
2026-03-05$8.55/sh+156,287$1,336,254→ 425,470.5 total
→ Ordinary Shares (156,287 underlying)

Footnotes (2)

[F1]Represents restricted share units ("RSUs") granted on March 5, 2026 by the compensation committee of the board of directors of Burford Capital Limited (the "Company") under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan. The RSUs vest in five equal installments with (i) the first installment vesting on March 22, 2027, (ii) the second installment vesting on March 15, 2028, (iii) the third installment vesting on March 15, 2029, (iv) the fourth installment vesting on March 15, 2030 and (v) the fifth installment vesting on March 15, 2031. Notwithstanding the foregoing, as a result of Ms. O'Connell becoming retirement eligible on August 12, 2025, the RSUs vested in full on the grant date, with settlement to occur in accordance with the ordinary vesting schedule. Each RSU represents a contingent right to receive one ordinary share, no par value, of the Company ("Ordinary Share").
[F2]The transactions reported in this Form 4 do not include transactions reported separately by Christopher Bogart, the reporting person's spouse, who is also an executive officer of the Company.

Signature

/s/ Mark N. Klein, as attorney-in-fact|2026-03-09

1 file