Vecchio Jennifer 4
4 · Burlington Stores, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Burlington (BURL) CMO Jennifer Vecchio Exercises Options & Sells Shares
What Happened
Jennifer Vecchio, Group President and Chief Marketing Officer of Burlington Stores (BURL), exercised a total of 20,920 stock options on 2026-06-12 (two tranches: 10,534 shares at $170.08 and 10,386 shares at $179.46), paying about $3.66M in exercise costs. The same 20,920 shares were sold in multiple open-market transactions that day at weighted-average prices in the $338.73–$343.10 range, producing gross proceeds of approximately $7.14M. The filing shows two derivative disposition lines at $0 (option-related entries).
Key Details
- Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (within the typical 2-business-day reporting window for a 6/12 trade).
- Options exercised: 10,534 shares @ $170.08 ($1,791,623) and 10,386 shares @ $179.46 ($1,863,872) — total exercise cost ≈ $3,655,495. (F7: options exercisable 100%.)
- Shares sold (open market): five tranches totaling 20,920 shares at weighted-average prices with ranges noted in footnotes — gross sale proceeds ≈ $7,144,823. Footnotes F1–F5 give the per-tranche price ranges and note weighted-average reporting.
- Two derivative “Disposed” entries at $0 were reported (related to the option activity). Footnote F6: some shares previously held by Vecchio as UTMA custodian were transferred to her children and are now held directly by them.
- Shares owned after the transactions: not specified in the excerpt provided.
Context
- This was effectively a cashless exercise/sell transaction: options were exercised and the resulting shares were sold the same day. That is a common, routine insider action to realize option value and/or cover exercise costs and tax obligations.
- The filing is factual and does not indicate motive; transfers noted in footnote F6 (UTMA) are custodial transfers and do not necessarily reflect personal trading intent.
Insider Transaction Report
Form 4
Vecchio Jennifer
Group President and CMO
Transactions
- Exercise/Conversion
Common Stock
2026-06-12$170.08/sh+10,534$1,791,623→ 91,551 total - Exercise/Conversion
Common Stock
2026-06-12$179.46/sh+10,386$1,863,872→ 101,937 total - Sale
Common Stock
[F1]2026-06-12$339.13/sh−1,317$446,634→ 100,620 total - Sale
Common Stock
[F2]2026-06-12$340.48/sh−2,740$932,915→ 97,880 total - Sale
Common Stock
[F3]2026-06-12$341.57/sh−10,787$3,684,516→ 87,093 total - Sale
Common Stock
[F4]2026-06-12$342.43/sh−5,847$2,002,188→ 81,246 total - Sale
Common Stock
[F5]2026-06-12$343.10/sh−229$78,570→ 81,017 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F7]2026-06-12−10,534→ 0 totalExercise: $170.08Exp: 2029-05-01→ Common Stock (10,534 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
[F7]2026-06-12−10,386→ 0 totalExercise: $179.46Exp: 2030-05-01→ Common Stock (10,386 underlying)
Holdings
- 0(indirect: By reporting person as UTMA custodian for son)
Common Stock
[F6] - 0(indirect: By reporting person as UTMA custodian for daughter)
Common Stock
[F6]
Footnotes (7)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $338.73 to $339.26. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $339.97 to $340.90. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $341.05 to $342.02. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $342.05 to $342.93. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $343.09 and $343.10. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price set forth in this footnote to this Form 4.
- [F6]Shares previously held by the reporting person as UTMA custodian for her children were transferred to such children and are held directly by the children.
- [F7]The options are exercisable as to 100% of the shares.
Signature
/s/ Christopher Schaub, as attorney-in-fact for Jennifer Vecchio|2026-06-16