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Burlington Stores (NYSE: BURL) SVP Ferroni exercises options and sells 2,343 shares

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

Rhea-AI Filing Summary

Burlington Stores, Inc. SVP and Chief Accounting Officer Stephen Ferroni reported an exercise-and-sell transaction in company common stock. On 2026-06-11, he exercised employee stock options for 1,032 shares at an exercise price of $135.37 per share and sold a total of 2,343 shares in open-market trades at prices of $337.31 and $337.11 per share. Following these transactions, he directly holds 3,734 shares of Burlington Stores common stock.

Positive

  • None.

Negative

  • None.

Insights

Ferroni exercised 1,032 options and sold 2,343 Burlington Stores shares in routine open-market trades.

SVP and Chief Accounting Officer Stephen Ferroni executed a classic exercise-and-sell pattern. He exercised employee stock options for 1,032 Burlington Stores shares at an exercise price of $135.37, converting a derivative award into common stock.

He then sold 2,343 common shares in open-market transactions at prices of $337.31 and $337.11, realizing value well above the option strike price. No remaining derivative positions are shown in this filing’s derivative summary after the exercise.

After these transactions, Ferroni directly holds 3,734 Burlington Stores shares. Based on the data provided here, this appears to be a compensation-driven liquidity event rather than a directional change in his overall equity relationship with the company.

Insider Ferroni Stephen
Role SVP, Chief Accounting Officer
Sold 2,343 shs ($790K)
Type Security Shares Price Value
Exercise Employee Stock Option (right to buy) 1,032 $0.00 --
Exercise Common Stock 1,032 $135.37 $140K
Sale Common Stock 1,032 $337.11 $348K
Sale Common Stock 1,311 $337.31 $442K
Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct, null); Common Stock — 3,734 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 2,343 shares Total common shares sold on June 11, 2026
Sale price 1 $337.31/share Open-market sale of 1,311 common shares
Sale price 2 $337.11/share Open-market sale of 1,032 common shares
Options exercised 1,032 shares Employee stock option exercise into common stock
Exercise price $135.37/share Strike price of employee stock options exercised
Shares owned after 3,734 shares Direct common stock holdings after transactions
Option expiration May 1, 2028 Original expiration date of exercised employee stock option grant
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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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).
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*
Ferroni Stephen

(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)
SVP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
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 Stock06/11/2026M1,032A$135.373,734D
Common Stock06/11/2026S1,032D$337.112,702D
Common Stock06/11/2026S1,311D$337.311,391D
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
Employee Stock Option (right to buy)$135.3706/11/2026M1,032 (1)05/01/2028Common Stock1,032$0.000D
Explanation of Responses:
1. The options are exercisable as to 100% of the shares.
/s/ Christopher Schaub, as attorney-in-fact for Stephen Ferroni06/15/2026
** 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 Stephen Ferroni?

Burlington Stores reported that SVP and Chief Accounting Officer Stephen Ferroni exercised 1,032 employee stock options and sold 2,343 common shares. The trades occurred in open-market transactions on June 11, 2026, and were disclosed in a Form 4 insider filing.

How many Burlington Stores (BURL) shares did Stephen Ferroni sell and at what prices?

Stephen Ferroni sold a total of 2,343 Burlington Stores common shares. He executed two open-market sales: 1,311 shares at approximately $337.31 per share and 1,032 shares at approximately $337.11 per share, according to the Form 4 transaction details.

What stock options did Stephen Ferroni exercise in the Burlington Stores (BURL) Form 4?

Ferroni exercised employee stock options covering 1,032 shares of Burlington Stores common stock. The options carried an exercise price of $135.37 per share and were fully exercisable as to 100% of the underlying shares on the reported transaction date.

How many Burlington Stores (BURL) shares does Stephen Ferroni own after the Form 4 transactions?

After completing the reported option exercise and share sales, Stephen Ferroni directly holds 3,734 shares of Burlington Stores common stock. This post-transaction ownership figure comes from the share totals reported in the Form 4 filing’s non-derivative holdings data.

Was the Burlington Stores (BURL) insider trade by Stephen Ferroni an exercise-and-sell pattern?

Yes. The Form 4 shows Ferroni exercised 1,032 employee stock options at a $135.37 strike price and sold 2,343 common shares the same day. This pattern is typical of insiders converting option awards into cash while maintaining a remaining equity stake.