Burford Capital officer settles 42,112 RSUs
Burford Capital Ltd Chief Strategy Officer Elizabeth O’Connell settled 42,112 Phantom RSUs into the same number of Ordinary Shares under the company’s Deferred Compensation Plan, on a one-for-one basis.
Rhea-AI Filing Summary
Burford Capital Ltd Chief Strategy Officer Elizabeth O’Connell settled 42,112 Phantom RSUs into the same number of Ordinary Shares under the company’s Deferred Compensation Plan, on a one-for-one basis. As part of this settlement, 9,265 Ordinary Shares were delivered to satisfy tax withholding obligations.
After these transactions, O’Connell directly held 32,847 Ordinary Shares and also had 54,359 Ordinary Shares held indirectly through a trust. The filing notes that transactions of her spouse, executive officer Christopher Bogart, are reported separately.
Positive
- None.
Negative
- None.
Insider Trade Summary
42,112 shares exercised/converted
Exercise
4 txns
Insider
OCONNELL ELIZABETH
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom RSUs | 42,112 | $0.00 | $0.00 |
| Exercise | Ordinary shares, no par value ("Ordinary Shares") | 42,112 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 9,265 | $4.64 | $43K |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Phantom RSUs — 346,484.5 contracts (Direct);
Ordinary shares, no par value ("Ordinary Shares") — 42,112 shares (Direct);
Ordinary Shares — 32,847 shares (Direct);
Ordinary Shares — 54,359 shares (Indirect, By Trust)
Footnotes (3)
- F1. Represents settlement of phantom RSUs ("Phantom RSUs") held under the Burford Capital Deferred Compensation Plan. Each Phantom RSU converted into an Ordinary Share on a one-for-one basis.
- F2. The transactions reported in this Form 4 do not include transactions reported separately by Christopher Bogart, the reporting person's spouse, who is also an executive officer of Burford Capital Limited.
- F3. Represents satisfaction of tax withholding obligations upon settlement of Phantom RSUs.
Key Figures
Phantom RSUs settled: 42,112 units
Shares for tax withholding: 9,265 shares
Tax withholding reference price: $4.64 per share
+3 more
6 metrics
Phantom RSUs settled
42,112 units
Converted one-for-one into Ordinary Shares
Shares for tax withholding
9,265 shares
Delivered to satisfy tax obligations on RSU settlement
Tax withholding reference price
$4.64 per share
Value used for 9,265-share tax-withholding disposition
Direct Ordinary Shares after transactions
32,847 shares
Direct holdings of Elizabeth O’Connell
Indirect Ordinary Shares by trust
54,359 shares
Indirect holdings through a trust
Phantom RSU exercise count
1 transaction
Exercise/conversion of derivative security
Key Terms
Phantom RSUs, Deferred Compensation Plan, tax withholding obligations, derivative exercise/conversion, +1 more
5 terms
Phantom RSUs financial
"Represents settlement of phantom RSUs ("Phantom RSUs") held under the Burford Capital Deferred Compensation Plan."
Deferred Compensation Plan financial
"held under the Burford Capital Deferred Compensation Plan. Each Phantom RSU converted into an Ordinary Share on a one-for-one basis."
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.
tax withholding obligations financial
"Represents satisfaction of tax withholding obligations upon settlement of Phantom RSUs."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Burford Capital (BUR) report for Elizabeth O’Connell?
Burford Capital reported that Chief Strategy Officer Elizabeth O’Connell settled 42,112 Phantom RSUs into an equal number of Ordinary Shares. The settlement occurred under the Burford Capital Deferred Compensation Plan and reflects routine compensation-related activity rather than open-market share purchases.
What are Phantom RSUs in the Burford Capital (BUR) Deferred Compensation Plan?
Phantom RSUs are deferred compensation instruments that track Burford Capital’s Ordinary Shares. In this case, each Phantom RSU converted into one Ordinary Share upon settlement, turning 42,112 Phantom RSUs into 42,112 Ordinary Shares as part of the executive’s compensation package.
Does this Burford Capital (BUR) Form 4 include transactions by Christopher Bogart?
No. A footnote explains that the transactions disclosed do not include those reported separately by Christopher Bogart, the reporting person’s spouse. Bogart is also an executive officer of Burford Capital, and his transactions appear in distinct regulatory filings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
