Burlington Stores CEO Reports Share Withholding for Taxes
Burlington Stores, Inc.
Subscribe to track BURL
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
Burlington Stores CEO Reports Share Withholding for Taxes
Company: Burlington Stores, Inc. (BURL) Form: 4 | Filed: 2026-03-25 Significance: Low
Insider: Michael B. O'Sullivan Title: Chief Executive Officer | Relationship: Director/Officer
Transaction: • Type: Tax Withholding (Code F) • Shares: 24,376 • Price: $0.00 (Withholding) • Value: $0 (Non-open market) • Owned After: 167,366
Key Insight: Routine transaction representing shares withheld to satisfy tax obligations related to vested performance awards. Not a discretionary open-market sale.
Market Context: Transaction represents approx. 0.04% of shares outstanding for this $19.53B market cap retailer.
Comprehensive Analysis
SEC Filing Analysis: Burlington Stores, Inc. (BURL)
Executive Summary
- Trading Significance: Low
- Key Takeaway: CEO Michael O'Sullivan had shares withheld to cover taxes on vested awards; this is a routine administrative action, not a bearish signal.
- Market Impact: Neutral - No impact on stock price expected.
Company Information
| Field | Value |
|---|---|
| Company | Burlington Stores, Inc. |
| Ticker Symbol | BURL |
| CIK | 0001579298 |
| Industry | Retail-Department Stores |
Insider Information
| Field | Value |
|---|---|
| Name | Michael B. O'Sullivan |
| CIK | 0001262142 |
| Title/Position | Chief Executive Officer |
| Relationship | Director/Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-23 |
| Transaction Code | F (Tax Withholding) |
| Security Type | Common Stock |
| Shares Involved | 24,376 |
| Price Per Share | $0.00 |
| Total Value | $0 (Tax Withholding) |
| Shares Owned After | 167,366 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $0 (Nominal) |
| % of Market Cap | 0.00% |
| Shares Transacted | 24,376 |
| % of Shares Outstanding | 0.039% |
| Post-Transaction Ownership | 167,366 shares (0.27% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: For a $19.53 billion Large Cap company, this transaction volume is negligible.
- Ownership Concentration: The CEO retains a significant stake of roughly 0.27% of the company.
- Transaction Significance: The transaction represents <0.1% of shares outstanding and is non-discretionary.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: Transaction Code 'F' indicates shares withheld for taxes upon vesting of restricted stock. This is a mandatory event and does not reflect the insider's sentiment on the stock's future performance.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Special Circumstances: Footnote 1 clarifies: "Represents shares withheld to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit awards."
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.