Ferroni Stephen 4

What Happened

• Stephen Ferroni, SVP and Chief Accounting Officer of Burlington Stores, received a grant of 468 restricted stock units (RSUs) on May 1, 2026 (code A). To satisfy tax-withholding obligations tied to the vesting, 155 shares were withheld/treated as disposed on or about the grant/vesting: 25 shares at $318.00 ($7,950), 61 shares at $318.00 ($19,398), 47 shares at $318.00 ($14,946), and 22 shares at $309.27 ($6,804). The total value of shares withheld was approximately $49,098. These actions are an award plus routine tax withholding (not an open-market sale or purchase).

Key Details

• Transaction dates: Grant/vesting and initial withholding on 2026-05-01; additional withholding on 2026-05-04.
• Prices and values of withheld shares: 25 @ $318.00 = $7,950; 61 @ $318.00 = $19,398; 47 @ $318.00 = $14,946; 22 @ $309.27 = $6,804. Total ≈ $49,098.
• Award: 468 RSUs granted on May 1, 2026 (code A).
• Withholding: Dispositions coded F — shares withheld to satisfy tax withholding on RSU vesting (footnote F2).
• Vesting schedule note (footnote F1): RSUs vest one-quarter on each of the first four anniversaries of the grant.
• Shares owned after the transaction: not provided in the supplied filing snippet.
• Filing/timeliness: Form 4 filed 2026-05-05 reporting period 2026-05-01 — the filing appears timely (filed within two business days).

Context

• This was an equity award (RSUs) with shares withheld to cover tax obligations, a routine administrative disposition that does not necessarily indicate the insider bought or sold stock in the open market. For retail investors, awards indicate compensation alignment with shareholders; withheld shares for taxes are common and typically not a signal of negative sentiment.