Burlington Stores (BURL) director receives 596-share stock grant in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sullivan Paul reported acquisition or exercise transactions in this Form 4 filing.
Burlington Stores director Paul Sullivan reported a stock-based compensation grant. He received 596 shares of Burlington Stores common stock on May 20, 2026 at no cash cost, recorded as a grant or award rather than an open-market purchase.
These shares are in the form of restricted stock units that vest 100% on the first anniversary of the grant date, meaning they must be held until that time before fully owned. After this award, Sullivan directly holds 8,647 shares of Burlington Stores common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Paul
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 596 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,647 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 596 shares
Grant price per share: $0.00 per share
Shares held after grant: 8,647 shares
+1 more
4 metrics
Shares granted
596 shares
Restricted stock unit grant on May 20, 2026
Grant price per share
$0.00 per share
Stock-based compensation award, not open-market purchase
Shares held after grant
8,647 shares
Total direct Burlington Stores holdings after transaction
Grant vesting
100% after one year
Restricted stock units vest on first anniversary of May 20, 2026
Key Terms
Restricted stock units, Grant, award, or other acquisition, vesting
3 terms
Restricted stock units financial
"Restricted stock units granted on May 20, 2026, vesting 100% on the first anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vesting financial
"vestsing 100% on the first anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Burlington Stores (BURL) report for Paul Sullivan?
Burlington Stores reported that director Paul Sullivan received 596 shares of common stock as a grant on May 20, 2026. The shares were awarded at no cash cost as part of his equity compensation, not bought in the open market.
What is the vesting schedule for Paul Sullivan’s new Burlington Stores (BURL) restricted stock units?
The restricted stock units granted to Paul Sullivan on May 20, 2026 vest 100% on the first anniversary of the grant date. He must remain eligible through that one-year period before the full award becomes unrestricted and fully his.
Was Paul Sullivan’s Burlington Stores (BURL) transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market buy. The Form 4 lists transaction code "A" and describes it as a grant, award, or other acquisition of 596 shares at $0.00 per share, tied to restricted stock units.