Brixmor (BRX) CFO Gallagher reports new RSUs and tax share surrenders
Rhea-AI Filing Summary
Brixmor Property Group Executive Vice President, Chief Financial Officer and Treasurer Steven T. Gallagher reported multiple equity compensation transactions dated February 4, 2026. He acquired 5,624 shares of common stock and later 528 shares at no cost upon vesting of restricted stock units (RSUs), then surrendered 1,602 and 151 shares at $27.73 per share to cover tax withholding. Following these moves, he directly held 65,512 common shares.
Gallagher was also granted new RSU awards. One performance-based RSU grant of 5,626 units will convert into common stock on a one-for-one basis, with 2,813 units scheduled to vest on January 1, 2027 and 2,813 on January 1, 2028. An additional outperformance-based RSU award of 528 units is set to vest in two equal installments of 264 units on the same dates. A further grant of 12,982 RSUs will 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 | 5,626 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 528 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,982 | $0.00 | -- |
| Grant/Award | Common Stock | 5,624 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,602 | $27.73 | $44K |
| Grant/Award | Common Stock | 528 | $0.00 | -- |
| Tax Withholding | Common Stock | 151 | $27.73 | $4K |
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, 2,813 will vest on January 1, 2027 and 2,813 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, 264 will vest on January 1, 2027 and 264 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.