Molot Jonathan Todd 4
4 · Burford Capital Ltd · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Burford (BUR) CIO Jonathan Molot Receives RSUs and Acquires Phantom RSUs
What Happened
Jonathan Todd Molot, Chief Investment Officer of Burford Capital Ltd (BUR), was awarded 24,740 restricted share units (RSUs) valued at $8.55 each (total $211,527) and acquired 306,393.1 phantom RSUs at an attributable value of $8.27 each (total $2,533,871) on March 5, 2026. Both items are reported as derivative transactions (an award/grant and a discretionary acquisition); these are acquisitions (compensation/deferred-compensation related), not open-market stock purchases.
Key Details
- Transaction dates and prices: March 5, 2026 — 24,740 RSUs @ $8.55 (A) and 306,393.1 Phantom RSUs @ $8.27 (I). Report filed March 9, 2026.
- Report timeliness: Filing appears after the typical 2-business-day Form 4 deadline (reported 4 days after the transactions).
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Footnotes of note:
- F1: RSUs (24,740) granted under the 2025 Omnibus Plan; RSUs vest in five annual installments through March 15, 2031, but because Mr. Molot became retirement-eligible on Aug 10, 2025, the RSUs vested in full on the grant date; settlement will follow the ordinary vesting schedule. Each RSU converts to one ordinary share.
- F2: 229,794.1 Phantom RSUs were purchased by Mr. Molot under the Deferred Compensation Plan, plus a company match of 76,599.0 Phantom RSUs (total 306,393.1). These Phantom RSUs vested in full on the grant date due to retirement eligibility; payout may be in cash or ordinary shares per plan elections.
Context
RSUs and Phantom RSUs are derivative/compensation instruments that give the right to receive shares or cash equivalent in the future; immediate vesting here is due to the insider’s retirement-eligible status, but actual settlement will follow the plans’ schedules and distribution elections. These transactions reflect compensation and deferred-comp decisions rather than an open-market buy signal; retail investors should view them as insider compensation activity rather than direct endorsement of near-term stock performance.
Insider Transaction Report
- Award
RSUs
[F1]2026-03-05$8.55/sh+24,740$211,527→ 2,004,453.9 total→ Ordinary Shares (24,740 underlying) - Discretionary Transaction
Phantom RSUs
[F2]2026-03-05$8.27/sh+306,393.1$2,533,871→ 2,310,847 total→ Ordinary Shares (306,393.1 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 Mr. Molot becoming retirement eligible on August 10, 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]Represents a purchase of 229,794.1 phantom RSUs ("Phantom RSUs") by Mr. Molot under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and a matching contribution by the Company of 76,599.0 Phantom RSUs, which vested in full on the grant date as a result of Mr. Molot becoming retirement eligible on August 10, 2025, with settlement to occur in accordance with the distribution elections of Mr. Molot and the applicable provisions under the NQDC Plan. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.