Brixmor (BRX) EVP Siegel gets new RSUs and covers taxes with share surrender
Rhea-AI Filing Summary
Brixmor Property Group Inc. reported equity compensation and related tax-withholding transactions for Executive Vice President, General Counsel and Secretary Steven F. Siegel on February 4, 2026.
Siegel acquired 20,252 shares of common stock and later an additional 1,902 shares, tied to vesting of previously granted restricted stock units (RSUs). To cover tax withholding on these vestings, 10,339 shares and 971 shares of common stock were surrendered to the company at $27.73 per share. After these transactions, Siegel directly held 338,737 shares of common stock.
On the derivative side, he was credited with 20,256 performance-based RSUs and 1,902 outperformance-based RSUs, which convert into common stock on a one-for-one basis and are subject to additional time-based vesting, including scheduled vesting on January 1, 2027 and January 1, 2028. He also received 12,982 additional RSUs that vest ratably over three years beginning January 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 20,256 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,902 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,982 | $0.00 | -- |
| Grant/Award | Common Stock | 20,252 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,339 | $27.73 | $287K |
| Grant/Award | Common Stock | 1,902 | $0.00 | -- |
| Tax Withholding | Common Stock | 971 | $27.73 | $27K |
Footnotes (1)
- Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. 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, 10,128 will vest on January 1, 2027 and 10,128 will vest on January 1, 2028. 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. 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, 951 will vest on January 1, 2027 and 951 will vest on January 1, 2028. 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. The RSUs vest ratably over three years beginning January 1, 2027.