Wolfe Kristin 4

What Happened
Kristin Wolfe, Chief Financial Officer of Burlington Stores (BURL), had 4,186 shares withheld on March 23, 2026 to satisfy tax withholding related to the settlement of performance-based restricted stock unit (RSU) awards. The filing reports the shares as disposed under transaction code F (tax withholding) at $0.00 per share, resulting in no cash proceeds reported.

Key Details

• Transaction date: 2026-03-23 (reported on Form 4 filed 2026-03-25)
• Transaction code: F (shares withheld to cover tax withholding)
• Shares affected: 4,186 shares; reported price: $0.00; reported proceeds: $0
• Footnote: F1 — shares were withheld to satisfy tax withholding obligations in connection with settlement of performance-based RSUs
• Shares owned after transaction: not specified in the provided filing
• Timeliness: filing appears timely (transaction 3/23/2026; Form 4 filed 3/25/2026)

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and is treated as a disposition for reporting; it is not an open-market sale and does not necessarily indicate insider sentiment. This is a net-settlement/tax-withholding event rather than a purchase or deliberate sale by the insider.