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Companies Burford Capital Ltd

Burford Capital (BUR): executive pay, fiscal 2025

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CEO total pay$11,424,139CEO Christopher Bogart · source
Say-on-pay support72.92%Latest vote · source
CEO vs. named peers36th pct.Of 14 peer CEOs
CEO pay ratio37:1To the median employee · source

CEO pay, last three years

  • $11,727,836FY2023
  • $11,747,782FY2024
  • $11,424,139FY2025

CEO total pay was $11,424,139 in fiscal 2025, down from $11,747,782 in fiscal 2024.

FY2025: salary $1,400,000 · bonus $0 · stock awards $3,176,660 · option awards $0

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Executives and directors

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Bogart$1,400,000$0$3,176,660$0$0$0$6,847,479$11,424,139
Co-Founder and Chief Executive Officer
Jonathan Molot1,400,00002,871,2400006,293,22210,564,462
Co-Founder and Chief Investment Officer
Elizabeth O’Connell600,0000705,30501,520,0000469,3363,294,641
Chief Strategy Officer
Craig Arnott600,0000298,99601,520,0000321,4352,740,431
Chief Investment Officer -- International
Jordan Licht600,0000311,61401,520,0000235,2082,666,822
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Christopher Bogart$11,424,139$11,747,782$11,727,836↓ −323,643
Jonathan Molot10,564,46211,546,60812,053,514↓ −982,146
Elizabeth O’Connell3,294,6413,005,6242,806,395↑ +289,017
Craig Arnott2,740,431———
Jordan Licht2,666,8222,611,5802,196,043↑ +55,242

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Compensation is designed to attract, retain, and motivate senior management and other key employees, aligning their interests with those of shareholders through a mix of cash and equity-based incentives.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher Bogart Co-Founder andRSU2025-03-07——28,746—$387,209
Christopher Bogart Co-Founder andRSU2025-03-06——181,338—2,486,144
Jonathan Molot Co-Founder andRSU2025-03-06——159,401—2,185,388
Jonathan Molot Co-Founder andRSU2025-03-07——28,947—389,916
Jordan LichtRSU2025-08-21——435—5,916
Jordan LichtRSU2025-03-07——249—3,354
Jordan LichtRSU2025-05-14——11,373—164,112
Elizabeth O’ConnellRSU2025-03-07——30,164—406,309
Jonathan Molot Co-Founder andRSU2025-08-21——21,760—295,936
Craig ArnottPSU2025-05-14—11,373——134,884
Craig ArnottRSU2025-05-14——11,373—164,112
Jordan LichtRSU2025-05-14——232—3,348
Elizabeth O’ConnellRSU2025-05-14——11,373—164,112
Christopher Bogart Co-Founder andRSU2025-08-21——22,302—303,307
Elizabeth O’ConnellPSU2025-05-14—11,373——134,884
Jordan LichtPSU2025-05-14—11,373——134,884

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Bogart Co-Founder and$3,176,660$0$00.0%
Jonathan Molot Co-Founder and2,871,240000.0%
Jordan Licht176,730134,884043.3%
Elizabeth O’Connell570,421134,884019.1%
Craig Arnott164,112134,884045.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jordan LichtRSU232—$2,069
Jordan LichtRSU249—2,221
Jordan LichtRSU435—3,880
Elizabeth O’ConnellPSU6,849—61,096
Jordan LichtPSU10,274—91,644
Jordan LichtRSU10,274—91,644
Craig ArnottPSU10,274—91,644
Craig ArnottRSU10,274—91,644
Jordan LichtPSU11,373—101,447
Jordan LichtRSU11,373—101,447
Elizabeth O’ConnellPSU11,373—101,447
Craig ArnottPSU11,373—101,447
Craig ArnottRSU11,373—101,447
Elizabeth O’ConnellPSU12,291—109,639
Jordan LichtPSU18,437—164,458
Jordan LichtRSU18,437—164,458
Craig ArnottPSU18,437—164,458
Craig ArnottRSU18,437—164,458
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John SievwrightIndependent · Board Chair · Compensation (Chair)$150,000$139,942$0$0$0$289,942
Christopher HalmyIndependent · Audit (Chair) · Compensation125,00097,757000222,757
Robert GillespieIndependent · Audit · Nominating and Corporate Governance90,00048,897000138,897
Pamela CorrieIndependent · Audit · Nominating and Corporate Governance90,00048,879000138,879
Rukia Baruti DamesIndependent · Compensation · Nominating and Corporate Governance90,00048,879000138,879
Christopher BogartEmployee director000000

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$47,500
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000
Stock ownership guideline$4

Total cost of the board

ComponentFY2025
Cash retainers and fees$545,000
Equity awards (grant-date value)$384,354
All other compensation$0
Total cost of the board$929,354

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Burford Capital as a peer

Companies that benchmark against BUR

No companies currently name BUR as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Burford Capital Ltd names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Burford Capital Ltd.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Moelis Company2025Navid Mahmoodzadegan$400,000$34,120,701$0$0$42,846,376
2Janus Henderson Group plc2025Ali Dibadj725,00027,665,1150035,038,727
3SoFi Technologies, Inc.2025Anthony Noto1,000,00025,308,94102,760,00030,275,733
4TPG Inc.2025Jon Winkelried500,00013,607,7770029,897,761
5Blue Owl Capital Inc.2025Douglas Ostrover500,00027,994,1880029,237,055
6Affiliated Managers Group, Inc.2025Jay Horgen750,0008,967,00006,525,00016,311,950
7Walker Dunlop, Inc.2025William Walker1,000,00013,170,93101,324,82115,500,252
8Houlihan Lokey, Inc.2026Scott Adelson500,0000012,500,00013,000,000
9PennyMac Financial Services, Inc.2025David Spector1,483,3335,437,4442,025,6873,608,25012,660,536
10Burford Capital Ltd2025Christopher Bogart1,400,0003,176,6600011,424,139
11The Carlyle Group Inc.2025Harvey Schwartz1,000,000——6,000,0007,149,859
12Artisan Partners Asset Management Inc.2025Jason Gottlieb300,0001,548,40003,570,0005,482,136
13Esquire Financial Holdings, Inc.2025Andrew Sagliocca825,0001,501,28301,275,0003,769,054
14LegalZoom.com, Inc.2025Jeffrey Stibel575,00000745,7751,334,775
15PJT Partners Inc.2025Paul Taubman1,000,0000001,031,350

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Burford Capital Ltdnot disclosednot disclosednot disclosednot disclosed
Affiliated Managers Group, Inc.134%PSU 75 · RSU 25NoSemler Brossy Consulting Group, LLC
Artisan Partners Asset Management Inc.not disclosedRSU 100not disclosedMcLagan
Blue Owl Capital Inc.not disclosedOther 100not disclosednot disclosed
Esquire Financial Holdings, Inc.134%RSU 50 · PSU 50NoFW Cook
Houlihan Lokey, Inc.not disclosednot disclosedNoWTW
Janus Henderson Group plcnot disclosedPSU 60 · RSU 40NoMeridian Compensation Partners
LegalZoom.com, Inc.not disclosedPSU 60 · RSU 40NoExequity LLP
Moelis Companynot disclosednot disclosedYes — TSR Performance ConditionWillis Towers Watson
PennyMac Financial Services, Inc.84.9%PSU 50 · RSU 25 · Options 25NoPearl Meyer
PJT Partners Inc.not disclosednot disclosedNoWillis Towers Watson
SoFi Technologies, Inc.138%RSU 50 · PSU 50NoCompensia, Inc.
The Carlyle Group Inc.200%not disclosedNoPay Governance
TPG Inc.not disclosednot disclosedNoSemler Brossy
Walker Dunlop, Inc.not disclosednot disclosedNoPay Governance

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1395,786,29935,562,7644,740,93072.92%Passed
20252025-05-14107,651,82053,540,2571,461,16566.78%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-1372.92%a
20252025-05-1466.78%b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)37 : 1
CEO total compensation$11,424,139
Median employee compensation$308,625
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (59 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Christopher Bogart. DEF 14A, filed 2026-04-02. Section “Summary compensation table” · page 51. As printed: 11,424,139. View filing ↗
  • Section 01, Jonathan Molot. DEF 14A, filed 2026-04-02. Section “Summary compensation table” · page 51. As printed: 10,564,462. View filing ↗
  • Section 01, Elizabeth O’Connell. DEF 14A, filed 2026-04-02. Section “Summary compensation table” · page 51. As printed: 3,294,641. View filing ↗
  • Section 01, Craig Arnott. DEF 14A, filed 2026-04-02. Section “Summary compensation table” · page 51. As printed: 2,740,431. View filing ↗
  • Section 01, Jordan Licht. DEF 14A, filed 2026-04-02. Section “Summary compensation table” · page 51. As printed: 2,666,822. View filing ↗
  • Section 03, Christopher Bogart Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Bogart Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Molot Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Molot Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jordan Licht RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jordan Licht RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jordan Licht RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Elizabeth O’Connell RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Molot Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Craig Arnott PSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Craig Arnott RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jordan Licht RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Elizabeth O’Connell RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Christopher Bogart Co-Founder and RSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Elizabeth O’Connell PSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jordan Licht PSU. DEF 14A, filed 2026-04-02. Section “Grants of plan-based awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 37 : 1. View filing ↗
  • Section 08, John Sievwright. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 289,942. View filing ↗
  • Section 08, Christopher Halmy. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 222,757. View filing ↗
  • Section 08, Robert Gillespie. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 138,897. View filing ↗
  • Section 08, Pamela Corrie. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 138,879. View filing ↗
  • Section 08, Rukia Baruti Dames. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 138,879. View filing ↗
  • Section 08, Christopher Bogart. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 72.92% (votes for as printed: 95,786,299). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-15. Item 5.07 · say-on-pay result. As reported: 66.78% (votes for as printed: 107,651,820). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 545,000 + equity 384,354 + all other 0 = 929,354, summed across the director compensation table rows.
  • Moelis Company, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Moelis Company's own proxy. As printed: 42,846,376. View filing ↗
  • Janus Henderson Group plc, Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Janus Henderson Group plc's own proxy. As printed: 35,038,727. View filing ↗
  • SoFi Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in SoFi Technologies, Inc.'s own proxy. As printed: 30,275,733. View filing ↗
  • TPG Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in TPG Inc.'s own proxy. As printed: 29,897,761. View filing ↗
  • Blue Owl Capital Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Blue Owl Capital Inc.'s own proxy. As printed: 29,237,055. View filing ↗
  • Affiliated Managers Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Affiliated Managers Group, Inc.'s own proxy. As printed: 16,311,950. View filing ↗
  • Walker Dunlop, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Walker Dunlop, Inc.'s own proxy. As printed: 15,500,252. View filing ↗
  • Houlihan Lokey, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-24. CEO total compensation as printed in Houlihan Lokey, Inc.'s own proxy. As printed: 13,000,000. View filing ↗
  • PennyMac Financial Services, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in PennyMac Financial Services, Inc.'s own proxy. As printed: 12,660,536. View filing ↗
  • Burford Capital Ltd (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Burford Capital Ltd's own proxy. As printed: 11,424,139. View filing ↗
  • The Carlyle Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in The Carlyle Group Inc.'s own proxy. As printed: 7,149,859. View filing ↗
  • Artisan Partners Asset Management Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Artisan Partners Asset Management Inc.'s own proxy. As printed: 5,482,136. View filing ↗
  • Esquire Financial Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Esquire Financial Holdings, Inc.'s own proxy. As printed: 3,769,054. View filing ↗
  • LegalZoom.com, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in LegalZoom.com, Inc.'s own proxy. As printed: 1,334,775. View filing ↗
  • PJT Partners Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in PJT Partners Inc.'s own proxy. As printed: 1,031,350. View filing ↗
  • Section 10a, LegalZoom.com, Inc. reciprocity. DEF 14A. LegalZoom.com, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Artisan Partners Asset Management Inc. reciprocity. DEF 14A. Artisan Partners Asset Management Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Janus Henderson Group plc reciprocity. DEF 14A. Janus Henderson Group plc's most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Houlihan Lokey, Inc. reciprocity. DEF 14A. Houlihan Lokey, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Walker Dunlop, Inc. reciprocity. DEF 14A. Walker Dunlop, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Esquire Financial Holdings, Inc. reciprocity. DEF 14A. Esquire Financial Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Affiliated Managers Group, Inc. reciprocity. DEF 14A. Affiliated Managers Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, SoFi Technologies, Inc. reciprocity. DEF 14A. SoFi Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, Moelis Company reciprocity. DEF 14A. Moelis Company's most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, The Carlyle Group Inc. reciprocity. DEF 14A. The Carlyle Group Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
  • Section 10a, PJT Partners Inc. reciprocity. DEF 14A. PJT Partners Inc.'s most recent proxy was read; its disclosed peer group does not include Burford Capital Ltd. View filing ↗
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