Finnegan Brian T. - 01 Jan 2024 Form 4 Insider Report for Brixmor Property Group Inc. (BRX)

Signature
/s/ Steven F. Siegel, by power of attorney
Issuer symbol
BRX
Transactions as of
01 Jan 2024
Net transactions value
-$712,336
Form type
4
Filing time
03 Jan 2024, 21:09:33 UTC
Previous filing
15 Dec 2023
Next filing
02 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRX Common Stock Options Exercise +17,162 +9.2% 204,035 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $151,348 -6,504 -3.2% $23.27 197,531 01 Jan 2024 Direct F2
transaction BRX Common Stock Options Exercise +9,358 +4.7% 206,889 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $78,490 -3,373 -1.6% $23.27 203,516 01 Jan 2024 Direct F2
transaction BRX Common Stock Options Exercise +6,898 +3.4% 210,414 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $77,815 -3,344 -1.6% $23.27 207,070 01 Jan 2024 Direct F2
transaction BRX Common Stock Options Exercise +7,326 +3.5% 214,396 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $87,007 -3,739 -1.7% $23.27 210,657 01 Jan 2024 Direct F2
transaction BRX Common Stock Options Exercise +15,274 +7.3% 225,931 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $128,125 -5,506 -2.4% $23.27 220,425 01 Jan 2024 Direct F2
transaction BRX Common Stock Options Exercise +1,273 +0.58% 221,698 01 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $15,102 -649 -0.29% $23.27 221,049 01 Jan 2024 Direct F2
transaction BRX Common Stock Sale $174,450 -7,500 -3.4% $23.26 213,549 02 Jan 2024 Direct F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BRX Restricted Stock Units Options Exercise -17,162 -100% 0 01 Jan 2024 Common Stock 17,162 Direct F1, F3
transaction BRX Restricted Stock Units Options Exercise -9,358 -100% 0 01 Jan 2024 Common Stock 9,358 Direct F1, F4
transaction BRX Restricted Stock Units Options Exercise -6,898 -50% 6,898 01 Jan 2024 Common Stock 6,898 Direct F1, F4
transaction BRX Restricted Stock Units Options Exercise -7,326 -33% 14,652 01 Jan 2024 Common Stock 7,326 Direct F1, F4
transaction BRX Restricted Stock Units Options Exercise -15,274 -50% 15,274 01 Jan 2024 Common Stock 15,274 Direct F1, F3
transaction BRX Restricted Stock Units Options Exercise -1,273 -50% 1,273 01 Jan 2024 Common Stock 1,273 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
F2 Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs.
F3 Represents the number of shares earned based upon performance criteria and subject to additional service vesting that vested on January 1, 2024.
F4 Represents the number of service-vesting units that vested on January 1, 2024.
F5 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 31, 2023.
F6 The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $23.00 to $23.39. The reporting person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Remarks:

Senior Executive Vice President, Chief Operating Officer