Brixmor Insider Sale: EVP Siegel Disposes 25K Shares at $28.21

Rhea-AI Filing Summary

Steven F. Siegel, Executive Vice President, General Counsel and Secretary of Brixmor Property Group Inc. (BRX), sold 25,000 shares on 09/05/2025 at a weighted average price of $28.21 per share After this disposition, Siegel beneficially owns 302,657 shares, reported as direct ownership. The Form 4 is filed by one reporting person and includes an undertaking to provide detailed per-price sale information to the SEC or a security holder upon request.

Positive

• Form 4 filed and signed on 09/05/2025, demonstrating compliance with Section 16 reporting requirements
• Reporting person provided price-range disclosure and an undertaking to supply per-price sale details to the SEC or shareholders upon request

Negative

• Reported disposition of 25,000 shares reduced the reporting person's direct beneficial ownership to 302,657 shares
• No indication of a 10b5-1 plan was checked on the form, so the sale appears not to be reported as pursuant to a pre-established trading plan

Insights

Financial Analyst

TL;DR: Insider sold 25,000 BRX shares at ~$28.21, leaving 302,657 shares; transaction is routine disclosure under Section 16.

The sale reduces reported direct insider holdings to 302,657 shares and was executed at a weighted average price of $28.21 on 09/05/2025, with individual sale prices between $28.13 and $28.46. The filing confirms compliance with Section 16 reporting and provides an undertaking to furnish per-price details if requested. No options, grants, or derivative transactions are reported. From a financial-data perspective, this is a straightforward disposition with no additional company-level financial metrics disclosed.

Corporate Governance Expert

TL;DR: Officer disclosed a single share disposition and filed Form 4 promptly; governance controls appear followed.

The Form 4 identifies the reporting person as an officer and director-level executive and records a direct sale of 25,000 common shares. The form is singularly filed and manually signed on 09/05/2025. It includes the required explanatory note about weighted-average pricing and an explicit willingness to provide detailed sale pricing to regulators or shareholders. There are no indications in the filing of related-party transfers, 10b5-1 plan checkboxes marked, or derivative activity, limiting governance complexity to a routine insider sale disclosure.

09/05/2025 - 04:35 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

SIEGEL STEVEN F

(Last) (First) (Middle)

C/O BRIXMOR PROPERTY GROUP INC.

100 PARK AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Brixmor Property Group Inc. [ BRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See remarks

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/05/2025		S		25,000	D	$28.21(1)	302,657	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $28.13 to $28.46. 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:

Executive Vice President, General Counsel and Secretary

	/s/ Steven F. Siegel	09/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Steven F. Siegel report in the Form 4 for BRX?

The filing reports a sale of 25,000 Brixmor (BRX) common shares on 09/05/2025 at a weighted average price of $28.21, leaving 302,657 shares beneficially owned.

At what prices were the BRX shares sold by the insider?

The sale's weighted average price was $28.21, and the individual sale prices ranged from $28.13 to $28.46.

Does the Form 4 indicate the sale was part of a 10b5-1 trading plan?

No. The checkbox indicating a transaction pursuant to a 10b5-1(c) plan is not marked in the provided Form 4.

How many reporting persons filed this Form 4?

The Form 4 was filed by one reporting person, Steven F. Siegel, as indicated on the form.

What is Steven F. Siegel's role at Brixmor as stated in the filing?

The filing lists his title in the remarks as Executive Vice President, General Counsel and Secretary.