Burford Capital (BUR) GC gains 36,425 shares via RSU and PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
36,425 shares exercised/converted
Mixed
7 txns
Insider
Klein Mark N.
Role
GC&ChiefAdministrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSUs | 18,437 | $0.00 | -- |
| Exercise | PSUs | 14,197 | $0.00 | -- |
| Exercise | RSUs | 3,791 | $0.00 | -- |
| Exercise | Ordinary shares, no par value ("Ordinary Shares") | 18,437 | $0.00 | -- |
| Exercise | Ordinary Shares | 14,197 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,791 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 18,148 | $7.70 | $140K |
Holdings After Transaction:
RSUs — 115,339.5 shares (Direct);
PSUs — 101,142.5 shares (Direct);
Ordinary shares, no par value ("Ordinary Shares") — 95,636 shares (Direct);
Ordinary Shares — 109,833 shares (Direct)
Footnotes (1)
- Represents vesting of an award of restricted share units ("RSUs") granted on March 22, 2023 that vested in full on the third anniversary of the grant date. Each RSU converts into an Ordinary Share on a one-for-one basis. Represents vesting of an award of performance-based RSUs ("PSUs") granted on March 22, 2023 that vested at 77% of target level upon certification of achievement of the financial performance metrics. Each PSU converts into an Ordinary Share on a one-for-one basis. Represents vesting of one-third of an award of RSUs granted on March 13, 2025. Each RSU converts into an Ordinary Share on a one-for-one basis. Represents satisfaction of tax withholding obligations by net settlement of Ordinary Shares upon vesting of RSUs and PSUs.
Key Figures
RSUs and PSUs converted: 36,425 shares
RSU vesting (time-based, 2023 grant): 18,437 shares
PSU vesting: 14,197 shares
+4 more
7 metrics
RSUs and PSUs converted
36,425 shares
Total ordinary shares from RSU and PSU vesting on March 26, 2026
RSU vesting (time-based, 2023 grant)
18,437 shares
RSUs granted March 22, 2023, vested in full on third anniversary
PSU vesting
14,197 shares
Performance-based RSUs granted March 22, 2023, vested at 77% of target
RSU vesting (2025 grant)
3,791 shares
One-third of RSUs granted March 13, 2025 vested into ordinary shares
Tax withholding shares
18,148 shares
Ordinary shares net-settled to satisfy tax obligations at $7.70 per share
Tax withholding price
$7.70 per share
Value used for shares delivered to satisfy tax obligations
Post-transaction holdings
95,476 shares
Ordinary shares directly held by Mark N. Klein after transactions
Key Terms
RSUs, PSUs, performance-based RSUs, tax withholding obligations, +1 more
5 terms
RSUs financial
"Represents vesting of an award of restricted share units ("RSUs") granted on March 22, 2023"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
PSUs financial
"Represents vesting of an award of performance-based RSUs ("PSUs") granted on March 22, 2023"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
performance-based RSUs financial
"performance-based RSUs ("PSUs") granted on March 22, 2023 that vested at 77% of target level"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
tax withholding obligations financial
"Represents satisfaction of tax withholding obligations by net settlement of Ordinary Shares"
net settlement financial
"satisfaction of tax withholding obligations by net settlement of Ordinary Shares upon vesting of RSUs and PSUs"
FAQ
What insider transactions did Burford Capital (BUR) report for Mark N. Klein?
Burford Capital reported that Mark N. Klein received ordinary shares from vesting RSU and PSU awards. On March 26, 2026, multiple RSU and PSU grants converted into 36,425 ordinary shares, reflecting routine equity compensation rather than open-market share purchases.
What are RSUs and PSUs in the Burford Capital (BUR) insider filing?
RSUs are restricted share units and PSUs are performance-based RSUs that convert into ordinary shares on a one-for-one basis. In this filing, RSUs vested based on time, while PSUs vested at 77% of target after certification of financial performance metrics set in March 2023.
Were the Burford Capital PSU awards fully earned in this Form 4 event?
The performance-based RSUs vested at 77% of their target level after financial performance metrics were certified. This means only part of the original PSU grant converted into ordinary shares, with the actual vesting level tied to Burford Capital’s achieved financial outcomes.