Brian T. Finnegan - Jan 31, 2024 Form 4 Insider Report for Brixmor Property Group Inc. (BRX)

Signature
/s/ Steven F. Siegel, by power of attorney
Stock symbol
BRX
Transactions as of
Jan 31, 2024
Transactions value $
-$620,152
Form type
4
Date filed
2/2/2024, 04:31 PM
Previous filing
Jan 3, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRX Common Stock Award +26.1K +12.21% 240K Jan 31, 2024 Direct F1
transaction BRX Common Stock Tax liability -$299K -13.3K -5.55% $22.44 226K Jan 31, 2024 Direct F2
transaction BRX Common Stock Award +14K +6.2% 240K Jan 31, 2024 Direct F1
transaction BRX Common Stock Tax liability -$161K -7.16K -2.98% $22.44 233K Jan 31, 2024 Direct F2
transaction BRX Common Stock Award +14K +6.02% 247K Jan 31, 2024 Direct F1
transaction BRX Common Stock Tax liability -$161K -7.17K -2.9% $22.44 240K Jan 31, 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 +26.1K $0.00 26.1K Jan 31, 2024 Common Stock 26.1K Direct F1, F3, F4
transaction BRX Restricted Stock Units Award $0 +31.2K $0.00 31.2K Jan 31, 2024 Common Stock 31.2K Direct F1, F5
transaction BRX Restricted Stock Units Award $0 +14K +233900% $0.00 14K Jan 31, 2024 Common Stock 14K Direct F1, F6, F7
transaction BRX Restricted Stock Units Award $0 +14K $0.00 14K Jan 31, 2024 Common Stock 14K 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