Burford Capital (BUR) vice chair receives 4,240 RSUs under 2025 incentive plan

Rhea-AI Filing Summary

Perla David reported acquisition or exercise transactions in this Form 4 filing.

Burford Capital Ltd Vice Chair David Perla reported an equity compensation award on a Form 4. On March 5, 2026, he received a grant of 4,240 restricted share units (RSUs) at $8.55 per unit under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan.

Each RSU represents a contingent right to receive one ordinary share of the company. The RSUs vest in five equal installments between March 22, 2027 and March 15, 2031, subject to Mr. Perla’s continued employment. Following this grant, his directly held derivative securities total 221,898.2 units.

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

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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^*

Perla David

(Last) (First) (Middle)

C/O BURFORD CAPITAL LIMITED

OAK HOUSE, HIRZEL STREET

(Street)

ST. PETER PORT Y7 GY1 2NP

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Burford Capital Ltd [ BUR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chair

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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

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
RSUs	(1)	03/05/2026		A		4,240		(1)	(1)	Ordinary Shares	4,240	$8.55	221,898.2	D

Explanation of Responses:

1. Represents restricted share units ("RSUs") granted on March 5, 2026 by the compensation committee of the board of directors of Burford Capital Limited under the Burford Capital Limited 2025 Omnibus Incentive Compensation Plan. The RSUs 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 Mr. Perla's continued employment through such dates. Each RSU represents a contingent right to receive one ordinary share, no par value, of the Company ("Ordinary Share").

Remarks:

	/s/ Mark N. Klein, as attorney-in-fact	03/09/2026
	** 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).
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FAQ

What insider transaction did Burford Capital (BUR) Vice Chair David Perla report?

David Perla reported receiving a grant of 4,240 restricted share units (RSUs) on March 5, 2026. The award was made under Burford Capital Limited’s 2025 Omnibus Incentive Compensation Plan as equity-based compensation rather than an open-market purchase of shares.

How do David Perla’s new RSUs at Burford Capital (BUR) vest over time?

The 4,240 RSUs vest in five equal installments from 2027 through 2031. Vesting dates are March 22, 2027, then March 15 of 2028, 2029, 2030, and 2031, in each case requiring Mr. Perla’s continued employment with Burford Capital.

What does each RSU granted to Burford Capital (BUR) Vice Chair represent?

Each RSU represents a contingent right to receive one ordinary share of Burford Capital Limited. The units convert into ordinary shares only upon vesting, and the award is subject to the terms of the company’s 2025 Omnibus Incentive Compensation Plan and continued employment conditions.

What price and total holdings were reported for David Perla’s Burford Capital (BUR) RSUs?

The RSUs were valued at $8.55 per unit for reporting purposes in the Form 4. After this grant, David Perla’s directly held derivative securities position in Burford Capital rose to 221,898.2 units, reflecting his total RSU and similar awards reported.

Is David Perla’s Burford Capital (BUR) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not a market stock purchase. The transaction code “A” and description state it is a grant, award, or other acquisition of 4,240 RSUs approved by the compensation committee under the 2025 Omnibus Incentive Compensation Plan.