Pasch Matthew 4

What Happened

• Matthew Pasch, Chief Human Resources Officer of Burlington Stores (BURL), was granted 876 restricted stock units (RSUs) on May 1, 2026 (award, code A). To satisfy tax withholding on the vesting, 425 shares were withheld (reported as dispositions under code F), generating proceeds of $134,469. The award itself had no cash cost to Pasch.

Key Details

• Grant date: 2026-05-01 — 876 RSUs granted at $0.00 (code A).
• Tax withholding (code F):
  • 2026-05-01: 109 shares withheld @ $318.00 = $34,662
  • 2026-05-01: 112 shares withheld @ $318.00 = $35,616
  • 2026-05-01: 126 shares withheld @ $318.00 = $40,068
  • 2026-05-04: 78 shares withheld @ $309.27 = $24,123
  • Total withheld: 425 shares; total value ≈ $134,469.
• Shares retained from this grant: 876 − 425 = 451 RSUs delivered to Pasch.
• Shares owned after transaction: the filing excerpt does not disclose Pasch’s total Burlington holdings.
• Footnotes: F1 — RSUs vest one-quarter on each of the first four anniversaries of the May 1, 2026 grant. F2 — Shares were withheld to satisfy tax withholding obligations.
• Filing: Form 4 filed 2026-05-05, within two business days of the May 4 transaction and within standard SEC timing for these entries (timely).

Context

• This was an equity award (RSUs) with routine tax-withholding (not an open-market sale). Withholding shares to cover taxes is a common administrative step and does not necessarily indicate a change in insider sentiment.
• For clarity: A = award/grant; F = shares withheld/disposed to cover taxes. The RSUs vest over four years (25% per year), so further vesting and potential withholding may occur on future anniversaries.