Finnegan Brian T. - 31 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
31 Jan 2024
Net transactions value
-$620,152
Form type
4
Filing time
02 Feb 2024, 16:31:59 UTC
Previous filing
03 Jan 2024
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRX Common Stock Award +26,066 +12% 239,615 31 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $298,587 -13,306 -5.6% $22.44 226,309 31 Jan 2024 Direct F2
transaction BRX Common Stock Award +14,034 +6.2% 240,343 31 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $160,760 -7,164 -3% $22.44 233,179 31 Jan 2024 Direct F2
transaction BRX Common Stock Award +14,038 +6% 247,217 31 Jan 2024 Direct F1
transaction BRX Common Stock Tax liability $160,805 -7,166 -2.9% $22.44 240,051 31 Jan 2024 Direct F2

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 Award $0 +26,066 $0.000000 26,066 31 Jan 2024 Common Stock 26,066 Direct F1, F3, F4
transaction BRX Restricted Stock Units Award $0 +31,194 $0.000000 31,194 31 Jan 2024 Common Stock 31,194 Direct F1, F5
transaction BRX Restricted Stock Units Award $0 +14,034 +233900% $0.000000 14,040 31 Jan 2024 Common Stock 14,040 Direct F1, F6, F7
transaction BRX Restricted Stock Units Award $0 +14,038 $0.000000 14,036 31 Jan 2024 Common Stock 14,036 Direct F1, F6, F7
* 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 portion of the number of shares determined to have been earned based upon the performance criteria that are subject to additional time-based vesting criteria. Of the number of RSUs reported, 50% will vest on January 1, 2025 and 50% will vest on January 1, 2026.
F4 The date of the transaction represents the date on which the performance criteria of a previously granted performance share award were determined to have been satisfied.
F5 The RSUs vest ratably over three years beginning January 1, 2025.
F6 Represents the portion of the number of shares determined to have been earned based upon the outperformance criteria that are subject to additional time-based vesting criteria. Of the number of outperformance RSUs reported, 50% will vest on January 1, 2025 and 50% will vest on January 1, 2026.
F7 The date of the transaction represents the date on which the outperformance criteria of a previously granted outperformance RSU were determined to have been satisfied.

Remarks:

Senior Executive Vice President, Chief Operating Officer