MCNAMARA WILLIAM P 4
Research Summary
AI-generated summary
Burlington (BURL) Director William McNamara Receives Award
What Happened
William P. McNamara, a director of Burlington Stores, was granted 596 restricted stock units (RSUs) on May 20, 2026. The reported acquisition price is $0.00 (an award/grant). These RSUs will vest 100% on the first anniversary of the grant date.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely filing).
- Transaction type/code: Award/Grant (A).
- Amount: 596 RSUs granted at $0.00 per unit (no cash paid).
- Vesting: 100% vests on the first anniversary of the grant (per footnote F1).
- Ownership after transaction: not specified in the provided filing.
- Reporting capacity: the reporting person is trustee of the William P. McNamara, Jr. Revocable Trust and a beneficiary (footnote F2).
Context
RSUs are a form of compensation that convert into shares if/when they vest; this is an award rather than a market purchase or sale, so it does not directly signal buying or selling interest in the open market. Grants to directors are common as part of compensation packages. The filing shows no immediate sale or tax-withholding sale associated with this grant.