Vecchio Jennifer 4

What Happened

• Jennifer Vecchio, Group President and Chief Marketing Officer of Burlington Stores (BURL), sold a total of 1,678 shares in multiple open-market transactions on July 1, 2026 for aggregate proceeds of about $529,281. The individual lots reported were:
  • 84 shares @ $310.10 = $26,048
  • 91 shares @ $311.91 = $28,384
  • 281 shares @ $313.08 = $87,975
  • 443 shares @ $315.64 = $139,829
  • 520 shares @ $316.51 = $164,585
  • 210 shares @ $318.23 = $66,828
  • 49 shares @ $319.02 = $15,632
• These are sales (code “S”) — routine disposals rather than purchases, and therefore do not necessarily indicate a change in the insider’s view of the company.

Key Details

• Transaction date: July 1, 2026; filing date: July 6, 2026 (filed 5 days after the trades; note the usual Form 4 deadline is 2 business days).
• Price range reported: roughly $310.10 to $319.02; several lots are reported as weighted averages (see footnotes).
• Total shares sold: 1,678 for approximately $529,281.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Trades were made under a Rule 10b5-1 trading plan adopted March 16, 2026 (prearranged plan).
  • F2–F6: Several reported lot prices are weighted averages; the filer offers to provide detailed per-price breakdowns on request (as stated in the filing).
• Timeliness: Filing appears to have been submitted on July 6 for July 1 trades — later than the typical 2-business-day Form 4 requirement.

Context

• Sales executed under a 10b5-1 plan are usually pre-scheduled and are considered more routine (less informative about the insider’s current view) than ad-hoc sales. They do not necessarily indicate negative sentiment.
• For retail investors, insider purchases tend to be more informative about confidence in the stock; routine sales like these are common for diversification, tax, or liquidity reasons.
• If you want the exact breakdown of shares sold at each individual price within the weighted-average lots, the filing states the reporting person will provide that detail to Burlington, shareholders, or the SEC staff upon request.