Brixmor Director Trimmed His Stake. Here's What Long-Term Investors Should Know

Brixmor Property Group director Michael B. Berman sold 9,000 shares on August 12, according to an SEC Form 4. The weighted average sale price was $29.70 per share, with the transaction valued at $267,300. Share prices in the trades ranged from $29.69 to $29.73, and the post-transaction reference value used the market close on August 12 at $29.73. After the sale, Berman still holds 30,702 shares directly, a 0.01% stake in the company. Brixmor is a REIT focused on open-air retail centers across the U.S., with trailing-twelve-month revenue of $1.4 billion and net income of $432.8 million.