MCNAMARA WILLIAM P 4
Research Summary
AI-generated summary
Burlington (BURL) Director William McNamara Gifts 6,048 Shares
What Happened
William P. McNamara, a director of Burlington Stores, reported a gift of 6,048 common shares on 2026-06-22. The transaction is reported at $0.00 per share (code G for gift), so no cash proceeds were received; total reported value = $0. The filing notes the shares were indirectly held through the William P. McNamara, Jr. Revocable Trust.
Key Details
- Transaction date: 2026-06-22; reported on Form 4 filed 2026-06-24. Filing appears timely (within typical 2-business-day window).
- Transaction type/code: Gift (G); reported price $0.00; total proceeds $0.
- Shares disposed: 6,048.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — gift/charitable donation of securities indirectly held through the William P. McNamara, Jr. Revocable Trust. F2 — McNamara is trustee and he and immediate family are sole beneficiaries of the trust.
Context
Gifts are typically for charitable or estate-planning purposes and do not necessarily signal the insider’s view of the company’s prospects. The transaction was executed via a revocable trust for which McNamara is trustee; that trust relationship is disclosed in the filing.