OCONNELL ELIZABETH 4

4 · Burford Capital Ltd · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

Burford (BUR) CSO Elizabeth O'Connell Receives 42,112 Shares

What Happened

Elizabeth O'Connell, Chief Strategy Officer of Burford Capital Ltd (BUR), had 42,112 phantom RSUs convert into 42,112 ordinary shares on 2026-06-15. No cash was paid for the conversion (exercise price reported as $0.00). To satisfy tax withholding, 9,265 of those shares were withheld/disposed at $4.64 per share, for a withholding value of $42,990. The net result was an increase of 32,847 ordinary shares delivered to O'Connell.

Key Details

Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (within the usual two-business-day filing window).
Converted shares: 42,112 phantom RSUs → 42,112 ordinary shares (one-for-one per footnote).
Tax withholding: 9,265 shares withheld at $4.64/share = $42,990 (reported as code F).
Net shares received: 32,847 (42,112 − 9,265).
Shares owned after transaction: not specified in the filing.
Footnotes: F1 confirms phantom RSUs converted one-for-one; F3 confirms withholding satisfied with shares; F2 notes spouse Christopher Bogart reports his transactions separately.

Context

This was a settlement of deferred compensation (phantom RSUs), not an open-market purchase or sale. The withholding of shares to satisfy tax obligations is a routine administrative step and is coded as a disposition for tax purposes. Codes: M = conversion/exercise of derivative (phantom RSU conversion), F = shares withheld for tax withholding.

Form 4

Period: 2026-06-15

Chief Strategy Officer

Transactions

Exercise/Conversion
Ordinary shares, no par value ("Ordinary Shares")
[F1][F2]
2026-06-15+42,112→ 42,112 total
Tax Payment
Ordinary Shares
[F3][F2]
2026-06-15$4.64/sh−9,265$42,990→ 32,847 total
Exercise/Conversion
Phantom RSUs
[F1][F2]
2026-06-15−42,112→ 346,484.5 total
→ Ordinary Shares (42,112 underlying)

Holdings

Footnotes (3)

[F1]Represents settlement of phantom RSUs ("Phantom RSUs") held under the Burford Capital Deferred Compensation Plan. Each Phantom RSU converted into an Ordinary Share on a one-for-one basis.
[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 Burford Capital Limited.
[F3]Represents satisfaction of tax withholding obligations upon settlement of Phantom RSUs.

Signature

/s/ Paul Mysliwiec, as attorney-in-fact|2026-06-17

1 file