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Burlington Stores, Inc.·4

May 5, 4:15 PM ET

Marquette Travis 4

Research Summary

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Updated

Burlington (BURL) President Travis Marquette Receives RSU Award

What Happened

  • Travis Marquette, President and COO of Burlington Stores (BURL), was granted 4,417 restricted stock units (RSUs) on May 1, 2026 (report shows acquisition at $0). To satisfy withholding and in open-market transactions he disposed of a total of 3,268 shares across May 1 and May 4, 2026, producing roughly $1,027,893 in proceeds (about $751,292 from shares withheld for tax obligations and about $276,601 from open-market sales).

Key Details

  • Transaction dates and prices:
    • Grant: 4,417 RSUs on 2026-05-01 (grant value reported as $0).
    • Tax-withheld disposals (payments of tax liability): 482, 694, 781 shares on 2026-05-01 at $318.00; and 417 shares on 2026-05-04 at $309.27 (total ≈ $751,292).
    • Open-market sales on 2026-05-04: 125 @ $305.19; 110 @ $307.04; 289 @ $308.30; 72 @ $309.34; 37 @ $311.70; 137 @ $312.75; 122 @ $313.92; 2 @ $314.55 (total ≈ $276,601). Many prices are reported as weighted averages across multiple trades (ranges roughly $304.84–$314.55).
  • Shares disposed in this filing: 3,268. Grant reported: 4,417 RSUs.
  • Shares owned after the transactions: not stated in the excerpt of this Form 4.
  • Notable footnotes: RSUs vest one-quarter on each of the first four anniversaries of the grant date (F1). Some disposals represent shares withheld for tax withholding on vesting (F2). Certain sales were made under a Rule 10b5-1 trading plan adopted June 11, 2025 (F4). Several sale prices are weighted-average numbers covering multiple executions (F3, F5–F10).
  • Filing: Form filed 2026-05-05 reporting transactions on 2026-05-01 and 2026-05-04; no late-filing flag is indicated in the provided data.

Context

  • These transactions reflect a new RSU grant combined with routine tax-withholding and planned open-market sales. The RSUs vest over four years, so this grant is a multi-year compensation award (not an immediate purchase). The tax-related disposals and some sales under a 10b5-1 plan are common mechanisms executives use to satisfy withholding and manage shares; they are not direct indicators of company outlook.