Director Hitch receives 596 RSUs at Burlington Stores (NYSE: BURL)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burlington Stores director Jordan Hitch received a grant of 596 shares of Common Stock as a compensation award. The Form 4 classifies this as a grant or award acquisition at no cash cost per share. According to the footnote, these restricted stock units were granted on May 20, 2026 and will vest 100% on the first anniversary of the grant date. After the award, Hitch directly holds 12,107 shares of Burlington Stores common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HITCH JORDAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 596 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,107 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 596 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 12,107 shares
+1 more
4 metrics
Shares granted
596 shares
Grant/award acquisition of Common Stock on May 20, 2026
Grant price per share
$0.0000 per share
Compensation-related award, not an open-market purchase
Shares held after transaction
12,107 shares
Direct holdings following the 596-share grant
Vesting schedule
100% after one year
Restricted stock units vest on first anniversary of May 20, 2026 grant
Key Terms
Restricted stock units, vesting, Grant, award, or other acquisition, Form 4
4 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.
vesting financial
"vesting 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.
Grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Burlington Stores (BURL) director Jordan Hitch report?
Jordan Hitch reported receiving a grant of 596 shares of Burlington Stores Common Stock as a compensation award. The transaction was coded as a grant or award acquisition on the Form 4 and did not involve any cash paid per share.
What are the vesting terms of Jordan Hitch’s Burlington Stores restricted stock units?
The restricted stock units were granted on May 20, 2026 and vest 100% on the first anniversary of that grant date. This means the entire award becomes fully vested in one year, as described in the Form 4 footnote.
Was Jordan Hitch’s Burlington Stores Form 4 transaction an open-market purchase or sale?
The transaction was not an open-market purchase or sale. It was coded as a grant or award acquisition, with 596 shares awarded at a price of $0.0000 per share as part of compensation, rather than a market trade.
What does the transaction code "A" mean in Jordan Hitch’s Burlington Stores Form 4?
The transaction code "A" on the Form 4 indicates a grant, award, or other acquisition. For Jordan Hitch, it reflects a compensation-related award of 596 shares, rather than a discretionary buy or sell in the open market.