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Burlington Stores (BURL) COO sells 3,759 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Burlington Stores, Inc. President and COO Travis Marquette reported open-market sales of company common stock and a tax-related share withholding. On March 24, 2026, he sold a total of 3,759 shares in several transactions at prices around $326.85–$329.91 per share under a pre-arranged Rule 10b5-1 trading plan adopted on June 11, 2025. On March 23, 2026, 7,243 shares were withheld to cover tax obligations related to performance-based restricted stock unit awards. Following these transactions, he directly holds 26,350 shares of Burlington Stores common stock.

Positive

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Negative

  • None.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Marquette Travis

(Last)(First)(Middle)
2006 ROUTE 130 NORTH

(Street)
BURLINGTON NEW JERSEY 08016

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Burlington Stores, Inc. [ BURL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/23/2026F(1)7,243D$030,109D
Common Stock03/24/2026S1,303D$326.85(2)28,806D(3)
Common Stock03/24/2026S1,535D$327.64(4)27,271D(3)
Common Stock03/24/2026S787D$329.08(5)26,484D(3)
Common Stock03/24/2026S134D$329.91(6)26,350D(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit awards.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $326.36 to $327.28. 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.
3. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2025.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $327.36 to $328.18. 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.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.71 to $329.55. 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.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $329.79 and $330.12. 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.
/s/ Christopher Schaub, as attorney-in-fact for Travis Marquette03/25/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Burlington Stores (BURL) report for Travis Marquette?

Burlington Stores reported that President and COO Travis Marquette sold 3,759 shares of common stock in open-market transactions on March 24, 2026, and had 7,243 shares withheld on March 23, 2026, to satisfy tax obligations tied to performance-based restricted stock unit awards.

At what prices did Burlington Stores’ COO sell shares in this Form 4 filing?

The COO’s reported sales were executed at weighted average prices ranging from about $326.85 to $329.91 per share. Footnotes explain that each price represents multiple trades within narrower ranges, and full breakdowns are available to Burlington Stores, shareholders, or SEC staff upon request.

How many Burlington Stores (BURL) shares does Travis Marquette hold after these transactions?

After the reported sales and tax withholding events, President and COO Travis Marquette directly holds 26,350 shares of Burlington Stores common stock. This figure reflects his remaining position as of the most recent transaction date disclosed in the Form 4 filing for March 2026.

Were Burlington Stores COO’s stock sales made under a Rule 10b5-1 plan?

Yes. A footnote states the March 24, 2026 stock sales were made pursuant to a Rule 10b5-1 trading plan adopted by Travis Marquette on June 11, 2025. Such plans pre-schedule trades, indicating these sales were arranged in advance rather than timed discretionarily.

Why were 7,243 Burlington Stores shares disposed of at a price of $0.00?

The 7,243 shares shown at a price of $0.00 represent shares withheld to satisfy tax withholding obligations on performance-based restricted stock unit settlements. This Form 4 codes the transaction as a tax-withholding disposition, not an open-market sale generating cash proceeds for the reporting person.
Burlington Stores Inc

NYSE:BURL

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BURL Stock Data

20.38B
62.52M
Apparel Retail
Retail-department Stores
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United States
BURLINGTON