Substantial share purchases by Burford executive officers

Rhea-AI Summary

Burford Capital (NYSE:BUR) disclosed executive share purchases, a board-authorized repurchase program, and RSU grants on March 9, 2026. Executives invested >$4.3 million for over 500,000 Ordinary Shares on March 5, 2026, raising combined management ownership to ~8.5%.

The board approved a $5.0 million share repurchase program to satisfy deferred compensation obligations (up to 21,942,190 shares under prior shareholder authority). New RSU grants and a five-year vesting schedule were also announced, with certain RSUs vesting in full on grant due to retirement eligibility.

Positive

• Executive purchases of >$4.3M for over 500,000 Ordinary Shares
• Management ownership increased to approximately 8.5% combined
• Board authorized a targeted $5.0M share repurchase program
• RSU grants issued with five-year staggered vesting schedule

Negative

• New RSU awards create potential future share settlements and dilution
• RSU vesting-in-full for retirement-eligible executives accelerates settlement timing

News Market Reaction – BUR

+6.44% 1.7x vol

1 alert

+6.44% News Effect

+$110M Valuation Impact

$1.82B Market Cap

1.7x Rel. Volume

On the day this news was published, BUR gained 6.44%, reflecting a notable positive market reaction. This price movement added approximately $110M to the company's valuation, bringing the market cap to $1.82B at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Executive share purchases: over $4.3 million Executive shares bought: more than 500,000 shares CEO purchase: approximately 228,264 shares +5 more

8 metrics

Executive share purchases over $4.3 million Aggregate executive cash compensation invested in Ordinary Shares on Mar 5, 2026

Executive shares bought more than 500,000 shares Total Ordinary Shares acquired via Deferred Compensation Plan on Mar 5, 2026

CEO purchase approximately 228,264 shares Ordinary Shares purchased by CEO Christopher Bogart on Mar 5, 2026

CIO purchase approximately 229,794 shares Ordinary Shares purchased by CIO Jonathan Molot on Mar 5, 2026

Management ownership approximately 8.5% Combined shareholding of CEO and CIO after recent purchases

Repurchase authorization $5.0 million Maximum aggregate amount for Share Repurchase Program authorized Feb 25, 2026

Repurchase share cap 21,942,190 shares Maximum Ordinary Shares that may be acquired under existing shareholder authority

RSU grant – key executives 156,287 RSUs each RSUs granted to Arnott, Licht, and O’Connell on Mar 5, 2026

Market Reality Check

Price: $8.28 Vol: Volume 2,474,748 is 1.32x...

normal vol

$8.28 Last Close

Volume Volume 2,474,748 is 1.32x the 20-day average, indicating elevated trading interest ahead of and around this announcement. normal

Technical Shares trade below the 200-day MA of 11.21 and sit close to the 52-week low of 7.67, well under the 15.10 52-week high.

Peers on Argus

BUR fell 6.05% with elevated volume, while key asset management peers showed onl...

BUR fell 6.05% with elevated volume, while key asset management peers showed only modest moves, mostly between about -0.5% and -2%. The sharper decline versus peers and lack of scanner-confirmed momentum point to a stock-specific reaction to the insider buying, RSU grants, and repurchase authorization.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	FY25 earnings results	Positive	-11.1%	Full-year results with dividend and portfolio growth metrics released.
Feb 10	Earnings date notice	Neutral	+3.0%	Announcement of 4Q25 and FY25 results release and conference call timing.
Jan 29	Thought-leadership report	Positive	+1.9%	Publication analyzing evolving economics of corporate disputes and legal finance.
Jan 27	Bond redemption terms	Positive	+1.7%	Announcement of pricing for early redemption of £175m 5.000% bonds due 2026.
Jan 13	Senior notes offering	Neutral	-0.9%	Pricing and upsizing of $500m 8.500% senior notes due 2034 for refinancing.

Pattern Detected

Recent history shows several instances where fundamentally positive or neutral news, including earnings and financing actions, coincided with flat-to-negative price reactions, suggesting a tendency for the stock to underperform on good news.

Recent Company History

Over the past few months, Burford has reported mixed but profitable FY25 results with a final dividend, upsized a $500 million senior notes offering, and fully priced the early redemption of its 5.000% bonds due 2026. It also scheduled and then released 4Q25 and FY25 earnings and published a thought-leadership quarterly. Price reactions were negative to the earnings release (-11.06%) but modestly positive around capital structure moves and investor communications, framing today’s insider share purchases and repurchase plan against a backdrop of cautious market responses to prior updates.

Market Pulse Summary

The stock moved +6.4% in the session following this news. A strong positive reaction aligns with sub...

Analysis

The stock moved +6.4% in the session following this news. A strong positive reaction aligns with substantial insider alignment signals in this announcement. Executive officers invested over $4.3 million into more than 500,000 shares and the board authorized up to $5.0 million in repurchases for plan obligations. Historically, Burford’s stock has shown mixed responses to positive news, including an 11.06% drop after FY25 results, so any large upside move would have contrasted with that pattern and could have reflected renewed confidence in governance and capital allocation.

Key Terms

pdmr, deferred compensation plan, ordinary shares, share repurchase program, +4 more

8 terms

pdmr regulatory

"notifications of various transactions by persons discharging managerial responsibilities (each, a "PDMR")"

A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.

deferred compensation plan financial

"in connection with the Burford Capital Deferred Compensation Plan (the "Deferred Compensation Plan")"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

ordinary shares financial

"to purchase Burford's ordinary shares of nil par value ("Ordinary Shares")"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

share repurchase program financial

"authorized a share repurchase program for Ordinary Shares to repurchase up to a maximum aggregate amount of $5.0 million (the "Share Repurchase Program")"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

treasury financial

"Ordinary Shares acquired pursuant to the Share Repurchase Program will be initially held in treasury"

The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.

rule 10b-18 regulatory

"in accordance with, and subject to the limits prescribed by, the General Authority and Rule 10b-18 under the US Securities Exchange Act of 1934"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

rsus financial

"new grants of restricted share units ("RSUs") were made by the compensation committee"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

restricted share units financial

"Each RSU represents a contingent right to receive one Ordinary Share."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

AI-generated analysis. Not financial advice.

NEW YORK, March 9, 2026 /PRNewswire/ -- Burford Capital Limited ("Burford" or the "Company"), the leading global finance and asset management firm focused on law, provides the following notifications of various transactions by persons discharging managerial responsibilities (each, a "PDMR"), as well as a notification of its intention to purchase Burford's ordinary shares of nil par value ("Ordinary Shares") in connection with the Burford Capital Deferred Compensation Plan (the "Deferred Compensation Plan").

Investment by Executive Officers in Burford's Ordinary Shares

On March 5, 2026, certain executive officers used their respective cash compensation to invest in aggregate over $4.3 million in Ordinary Shares through the Deferred Compensation Plan. These investments total more than 500,000 Ordinary Shares, consisting of approximately 228,264 Ordinary Shares by Chief Executive Officer Christopher Bogart, approximately 229,794 Ordinary Shares by Chief Investment Officer Jonathan Molot, approximately 2,784 Ordinary Shares by Chief Financial Officer Jordan Licht and approximately 61,266 Ordinary Shares by Chief Development Officer Travis Lenkner.

Christopher Bogart, Burford Capital's Chief Executive Officer, commented:

"We believe Burford's stock is priced at a steep discount to its intrinsic value. Consequently, Burford's management have used their cash compensation to buy over $4.3 million in additional Burford stock. Since 2019, Jon and I have redeployed cash compensation into Burford's stock on several occasions, amounting to net purchases in excess of $35 million. Our combined shareholding has risen to approximately 8.5% of the Company, a level of management ownership that provides strong alignment with external shareholders. All Burford insiders look forward to the success we expect our portfolio to deliver, and the resulting shareholder value for all of our investors across the globe."

Intended Purchases of Ordinary Shares in Connection with the Deferred Compensation Plan

On February 25, 2026, Burford's board of directors authorized a share repurchase program for Ordinary Shares to repurchase up to a maximum aggregate amount of $5.0 million (the "Share Repurchase Program") in connection with Burford's future obligations under the Deferred Compensation Plan.

The aggregate number of Ordinary Shares that may be acquired pursuant to the Share Repurchase Program may not exceed 21,942,190 Ordinary Shares under the authority granted to Burford by the shareholders at the annual general meeting held on May 14, 2025 (the "General Authority"). The Share Repurchase Program will commence with immediate effect and will continue until the earlier of (i) the expiration of the General Authority and (ii) until the maximum aggregate amount has been purchased under the Share Repurchase Program. It is intended that Ordinary Shares acquired pursuant to the Share Repurchase Program will be initially held in treasury and, at Burford's sole discretion, may subsequently be used in connection with Burford's short- and long-term incentive compensation, equity, equity-based and deferred compensation and other similar plans and arrangements, as the case may be.

Burford intends to make the acquisitions of Ordinary Shares under the Share Repurchase Program in the United States in accordance with, and subject to the limits prescribed by, the General Authority and Rule 10b-18 under the US Securities Exchange Act of 1934, as amended. Acquisitions of Ordinary Shares pursuant to the Share Repurchase Program will take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volume. The Share Repurchase Program does not require Burford to acquire any specific number of Ordinary Shares and may be modified, suspended, extended or terminated by Burford at any time without prior notice.

Grant of RSUs

On March 5, 2026, new grants of restricted share units ("RSUs") were made by the compensation committee of Burford's board of directors to Burford's executive officers under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan, as part of Burford's usual annual compensation cycle.

For all PDMRs, the RSUs will 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, in each case, subject to the respective PDMR's continued employment through such dates.¹

Each RSU represents a contingent right to receive one Ordinary Share.

The allocation of RSU grants is as follows: 156,287 RSUs to each of (i) Chief Investment Officer - International Craig Arnott, (ii) Chief Financial Officer Jordan Licht, and (iii) Chief Strategy Officer Elizabeth O'Connell; 152,047 RSUs to Chief Development Officer Travis Lenkner; 39,328 RSUs to General Counsel and Chief Administrative Officer Mark Klein; 24,740 RSUs to each of (i) Chief Executive Officer Christopher Bogart and (ii) Chief Investment Officer Jonathan Molot; and 4,240 RSUs to Vice Chair David Perla.

The Notification of Dealing Forms for each of the transactions set forth above are included at the end of this announcement.

¹ As a result of Messrs. Bogart and Molot and Ms. O'Connell becoming retirement eligible in 2025, the RSUs granted to such executive officers vested in full on the grant date, with settlement to occur in accordance with the ordinary vesting schedule.

For further information, please contact:

Burford Capital Limited
For investor and analyst inquiries:
Americas: Josh Wood, Head of Investor Relations - email	+1 212 516 5824
EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations - email	+44 (0)20 3530 2023
For press inquiries:
David Helfenbein, Senior Vice President, Public Relations - email	+1 646 504 7074
Deutsche Numis - NOMAD and Joint Broker	+44 (0)20 7545 8000
Duncan Monteith
Charlie Farquhar
BofA Securities – Joint Broker	+44 (0)20 7628 1000
Peter Luck
David Lloyd
Jefferies International Limited - Joint Broker	+44 (0)20 7029 8000
Graham Davidson
James Umbers
Berenberg – Joint Broker	+44 (0)20 3207 7800
Toby Flaux
James Thompson

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.

For more information, please visit www.burfordcapital.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.

Forward-looking statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Burford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the US Securities and Exchange Commission on February 26, 2026. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.

All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Christopher P. Bogart
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Executive Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of fully vested notional Ordinary Shares equivalent to a deferred amount of cash compensation under Burford's deferred compensation plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	228,264.3
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Christopher P. Bogart
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Executive Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of notional Ordinary Shares pursuant to the provisions of Burford's deferred compensation plan due to vest immediately
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	76,089.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jonathan T. Molot
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Investment Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of fully vested notional Ordinary Shares equivalent to a deferred amount of cash compensation under Burford's deferred compensation plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	229,794.1
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jonathan T. Molot
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Investment Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of notional Ordinary Shares pursuant to the provisions of Burford's deferred compensation plan due to vest immediately
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	76,599.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jordan Licht
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Financial Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of fully vested notional Ordinary Shares equivalent to a deferred amount of cash compensation under Burford's deferred compensation plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	2,783.9
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jordan Licht
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Financial Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of unvested notional Ordinary Shares pursuant to the provisions of Burford's deferred compensation plan due to vest in 2028
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ Nil	928.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Travis Lenkner
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Development Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of fully vested notional Ordinary Shares equivalent to a deferred amount of cash compensation under Burford's deferred compensation plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.27	61,265.5
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Travis Lenkner
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Development Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Notional Ordinary Shares
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Allocation of unvested notional Ordinary Shares pursuant to the provisions of Burford's deferred compensation plan due to vest in 2028
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ Nil	20,422.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Craig Arnott
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Investment Officer - International
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	156,287.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Elizabeth O'Connell
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Strategy Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)4	Volume(s)
		$ 8.55	156,287.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jordan Licht
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Financial Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	156,287.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Travis Lenkner
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Development Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	152,047.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Mark Klein
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of General Counsel and Chief Administrative Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	39,328.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Christopher P. Bogart
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Executive Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	24,740.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	Jonathan T. Molot
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Chief Investment Officer
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	24,740.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
	(a)    Name	David Perla
2	Reason for the notification
	(a)    Position/status	A PDMR occupying the position of Vice Chair
	(b)    Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	(a)    Name	Burford Capital Limited
	(b)    LEI	549300FUKUWFYJMT2277
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	(a)    Description of the financial instrument, type of instrument	Ordinary Shares of nil par value
	Identification code	GG00BMGYLN96
	(b)    Nature of the transaction	Grant of restricted share unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan
	(c)    Price(s)and volume(s)	Price(s)	Volume(s)
		$ 8.55	4,240.0
	(d)    Aggregated information •         Aggregated volume •         Price	N/A
	(e)    Date of the transaction	5 March 2026
	(f)    Place of the transaction	Outside a trading venue

View original content:https://www.prnewswire.com/news-releases/substantial-share-purchases-by-burford-executive-officers-302708206.html

SOURCE Burford Capital Limited

FAQ

How much did Burford (BUR) executives invest on March 5, 2026?

Executives invested over $4.3 million in Ordinary Shares on March 5, 2026. According to the company, purchases totaled more than 500,000 shares, with CEO Bogart and CIO Molot buying roughly 228,264 and 229,794 shares respectively.

What is the size and purpose of Burford's $5.0M repurchase program (BUR)?

Burford authorized a $5.0 million repurchase program to meet Deferred Compensation Plan obligations. According to the company, acquisitions will be in the open market under Rule 10b-18 and shares may be held in treasury for compensation use.

How did the executive purchases affect management ownership in Burford (BUR)?

Combined management ownership rose to about 8.5% following the purchases. According to the company, CEO Bogart and CIO Molot increased their holdings, which the company says strengthens alignment with external shareholders.

What RSU grants did Burford (BUR) announce on March 5, 2026?

Burford granted multiple RSU awards with five equal vesting installments through March 15, 2031. According to the company, grant sizes ranged from 4,240 RSUs to 156,287 RSUs for named executive officers and certain grants vested in full on grant for retirement-eligible executives.

Will Burford's (BUR) repurchased shares be retired or used for compensation?

Repurchased Ordinary Shares are intended to be initially held in treasury and may be used for compensation plans. According to the company, subsequent use is at Burford's sole discretion for incentive and deferred compensation arrangements.