BURL insider sale notice: 420 shares via UBS valued at $120,897
Rhea-AI Filing Summary
Burlington Stores (BURL) filed a Form 144 reporting a proposed sale of 420 common shares through UBS Financial Services on the New York Stock Exchange with an aggregate market value of $120,897. The filing reports the shares were acquired as PSUs on 03/21/2024 and the approximate sale date listed is 09/02/2025. The issuer has 63,035,016 shares outstanding, making the proposed block a very small fraction of total equity.
The filing also discloses three sales by the same person, Jennifer Vecchio, in the past three months: 420 shares on 08/01/2025 for $113,371.69, 493 shares on 06/02/2025 for $112,683.43, and 420 shares on 07/01/2025 for $99,386.53. The filing presents transaction provenance and broker details but includes no discussion of nonpublic material information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale disclosure; amount is immaterial relative to shares outstanding and shows periodic disposition of vested awards.
The Form 144 indicates a proposed sale of 420 shares valued at $120,897 via UBS with prior recent sales by the same individual. From a market-impact perspective, 420 shares versus 63,035,016 outstanding is negligible, suggesting no material dilution or signaling. The filing documents acquisition as PSUs on 03/21/2024, supporting that these are disposals of previously issued equity awards rather than primary issuance. For investors, this is standard insider selling disclosure fulfilling Rule 144 requirements; there is no new financial data or operational disclosure in the filing.
TL;DR: Compliance-focused disclosure; shows adherence to Rule 144 reporting and records prior sale activity by the same person.
The submission provides necessary broker, acquisition, and recent-sale details, which aligns with compliance expectations for insiders disposing of restricted or previously restricted shares. The presence of multiple sales in recent months is documented, but quantities are small relative to company capitalization. The signer attests to lack of undisclosed material information, consistent with Form 144 requirements. No governance events, officer departures, or unusual vesting patterns are disclosed that would raise immediate governance concerns.