Welcome to our dedicated page for Burford Capital SEC filings (Ticker: BUR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Burford Capital Limited filings document the formal disclosure record for a Guernsey-based legal finance and asset management company. Its reports and current-event filings cover operating results, portfolio-related commentary, Regulation FD disclosures on the YPF matter, and exhibits such as earnings releases and investor presentations.
Burford's SEC filings also describe governance and compensation matters, including proxy statement disclosures, executive employment agreements and carried-interest compensation arrangements. Capital-structure filings include material agreements for senior notes issued through a subsidiary and guaranteed by Burford Capital, with related indenture covenants, redemption provisions and use-of-proceeds disclosures.
Burford Capital’s Chief Strategy Officer Elizabeth O’Connell reported multiple equity-compensation events tied to prior awards. She exercised RSU and PSU awards to acquire 36,425 Ordinary Shares at a zero exercise price as those awards vested under the company’s policies and performance criteria.
To cover related tax obligations, 13,029 Ordinary Shares were withheld at $7.70 per share. She also converted 3,791 RSUs into 3,791 Phantom RSUs under Burford’s Deferred Compensation Plan, deferring receipt of those shares. Following these transactions, 54,359 Ordinary Shares are held indirectly via her revocable trust, and 392,836.5 RSU- and PSU-based rights remain directly outstanding.
Burford Capital’s Chief Accounting Officer, Charles Utley, reported RSU vesting that converted into Ordinary Shares. An award of 16,962 restricted share units granted on March 22, 2023 vested in full on the third anniversary, and 4,044 RSUs from a March 13, 2025 grant also vested, with each RSU converting into one Ordinary Share at no exercise price.
To cover tax obligations on this vesting, 8,466 Ordinary Shares were delivered back to the company at $7.70 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Utley directly holds 31,401 Ordinary Shares, reflecting routine equity compensation and related tax settlement.
Burford Capital Ltd vice chair Perla David reported multiple equity compensation events. On March 26, 2026, RSUs and PSUs covering 35,320 Ordinary Shares vested and were converted into Ordinary Shares. Of these, 1,739 shares were withheld at $7.70 per share to satisfy tax obligations.
Perla David elected to defer receipt of all Ordinary Shares from certain 2023 RSU and PSU awards into the Burford Capital Deferred Compensation Plan, receiving 18,003 and 13,863 Phantom RSUs, respectively. Following these transactions, Perla David directly holds 81,119 Ordinary Shares and maintains additional deferred Phantom RSU interests linked one-for-one to Ordinary Shares.
Burford Capital’s Chief Financial Officer Jordan David Licht reported equity compensation vesting rather than open‑market trading. Restricted share units and performance-based RSUs granted in 2023 and 2025 vested into 36,425 Ordinary Shares, with PSUs vesting at 77% of target.
To cover tax obligations on the vesting, 18,597 Ordinary Shares were withheld at $7.70 per share through net settlement, a non-market disposition. Following these transactions, Licht holds 68,350 Ordinary Shares directly, plus substantial outstanding RSU and PSU awards.
Burford Capital Ltd’s Chief Investment Officer-International, Craig Arnott, reported the vesting and exercise of equity awards into ordinary shares on March 26, 2026. These were compensation-related events rather than open-market trades.
An award of 18,437 RSUs granted on March 22, 2023 vested in full on its third anniversary, and 14,197 performance-based RSUs from the same grant vested at 77% of target after certification of financial performance metrics. In addition, 3,791 RSUs from a grant dated March 13, 2025 also vested. Each RSU or PSU converted into one ordinary share at an exercise price of $0.00 per share.
After these conversions, Arnott directly owns 303,429 ordinary shares of Burford Capital. No shares were sold, gifted, or withheld for taxes in these transactions, so the activity reflects equity awards turning into outright share ownership.
Burford Capital Ltd Chief Development Officer Travis Lenkner reported routine equity compensation activity. On March 26, 2026, one-third of a restricted share unit ("RSU") award granted on March 13, 2025 vested, converting 1,100 RSUs into 1,100 Ordinary Shares on a one-for-one basis. To satisfy tax withholding obligations, 517 Ordinary Shares were net settled at $7.70 per share, leaving the remainder delivered as stock. Following these transactions, Lenkner directly holds 25,866 Ordinary Shares.
Burford Capital Ltd reported that GC & Chief Administrative Officer Mark N. Klein received ordinary shares through vesting of equity awards. On March 26, 2026, he acquired 36,425 ordinary shares from the vesting and conversion of RSUs and PSUs granted in prior years, all at a conversion price of $0.00 per share.
The RSUs and performance-based RSUs were granted in March 2023 and March 2025 and convert into ordinary shares on a one-for-one basis. A separate transaction shows 18,148 ordinary shares were disposed of at $7.70 per share to satisfy tax withholding obligations upon vesting, rather than through an open-market sale. After these transactions, Klein directly holds 95,476 ordinary shares.
Burford Capital Limited furnished a press release explaining that the US Court of Appeals for the Second Circuit reversed the prior District Court judgment in favor of Petersen and Eton Park in the long‑running YPF litigation. The company criticizes the majority’s reasoning and notes a strong dissent that would have affirmed the original judgment.
Burford says plaintiffs are expected to seek further review, potentially through an en banc rehearing at the Second Circuit and, depending on outcomes, possible US Supreme Court review. In parallel, they are likely to consider investment treaty arbitration against Argentina as an alternative route for recovery.
Management will assess the decision’s financial impact in first‑quarter reporting. Under Burford’s valuation policy, an intermediate appellate loss calls for a partial non‑cash write‑down of related assets, which is expected here. Because the YPF asset has a substantial carrying value, a material write‑down could reduce balance sheet equity enough to limit Burford’s ability to incur additional debt or make certain restricted payments under its senior note indentures. The company emphasizes that its broader portfolio continues to drive the business and that it recently raised additional capital to support future investments.
Burford Capital Limited furnished a press release explaining that the US Court of Appeals for the Second Circuit reversed the prior District Court judgment in favor of Petersen and Eton Park in the long‑running YPF litigation. The company criticizes the majority’s reasoning and notes a strong dissent that would have affirmed the original judgment.
Burford says plaintiffs are expected to seek further review, potentially through an en banc rehearing at the Second Circuit and, depending on outcomes, possible US Supreme Court review. In parallel, they are likely to consider investment treaty arbitration against Argentina as an alternative route for recovery.
Management will assess the decision’s financial impact in first‑quarter reporting. Under Burford’s valuation policy, an intermediate appellate loss calls for a partial non‑cash write‑down of related assets, which is expected here. Because the YPF asset has a substantial carrying value, a material write‑down could reduce balance sheet equity enough to limit Burford’s ability to incur additional debt or make certain restricted payments under its senior note indentures. The company emphasizes that its broader portfolio continues to drive the business and that it recently raised additional capital to support future investments.
Burford Capital Limited is soliciting shareholder votes at its 2026 Annual General Meeting to be held on May 13, 2026. The Board unanimously recommends approval of 16 resolutions, including re-election of seven directors, reappointment of KPMG as auditor and approval of a final dividend of 6.25¢ per ordinary share to be paid on June 12, 2026 to holders of record as of May 22, 2026. The company will use notice-and-access to deliver proxy materials beginning on April 2, 2026.
BOGART CHRISTOPHER P reported acquisition or exercise transactions in this Form 4 filing.
Burford Capital Ltd CEO Christopher P. Bogart reported new equity-based awards. He received 24,740 RSUs on March 5, 2026 at $8.55 per unit under the 2025 Omnibus Incentive Compensation Plan. These RSUs vest in five equal installments from March 22, 2027 through March 15, 2031, but vested in full on the grant date because he became retirement eligible on May 3, 2025, with settlement following the original vesting schedule.
On the same date, Bogart also entered into a discretionary transaction involving 304,353.3 phantom RSUs at $8.27 per unit under the deferred compensation plan, consisting of a purchase of 228,264.3 phantom RSUs and a company matching contribution of 76,089.0 phantom RSUs. These phantom units vested in full on grant due to retirement eligibility, with settlement to follow his distribution elections. After these transactions, he held 1,938,197.1 RSUs and 2,242,550.4 phantom RSUs directly.