Burlington Stores Group President & CMO Sells $455.6K Under Rule 10b5-1 Plan

Executive Summary

On October 1, 2026, Jennifer Vecchio, Group President and Chief Merchandising Officer (CMO) of Burlington Stores, Inc. (NYSE: BURL), disposed of 1,678 shares of common stock across five tranches for a total proceeds amount of approximately $455,633.40. The sales occurred at weighted average prices between $268.52 and $273.22, with an overall average sale price of approximately $271.53 per share.

Transaction Details

• Security: Common Stock
• Nature of Transaction: Open market disposition (Code S)
• Shares Sold: 1,678 shares
  • 101 shares at $268.52
  • 262 shares at weighted average $270.04 ($269.84–$270.14)
  • 591 shares at weighted average $271.32 ($270.88–$271.69)
  • 380 shares at weighted average $272.17 ($271.95–$272.62)
  • 344 shares at weighted average $273.22 ($273.13–$273.28)
• Post-Transaction Holding: 74,305 direct shares

Strategic Context and Significance

The transaction carries a Low significance rating for market participants due to the following factors:

1. Pre-Arranged 10b5-1 Plan: Footnote disclosures confirm that the transaction was executed under a Rule 10b5-1 trading plan established on March 16, 2026. This removes discretionary market-timing intent from the transaction.
2. Proportion of Holdings: The 1,678 shares sold represent approximately 2.2% of Ms. Vecchio's 75,983 shares held immediately prior to the sales, indicating that she retains over 97% of her equity position in the company.
3. Routine Liquidity: The sale appears to represent routine portfolio diversification rather than a shift in executive confidence in the company's fundamentals.