Director of Burlington Stores (NYSE: BURL) gifts 6,048 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burlington Stores, Inc. director William P. McNamara reported a charitable transfer of company stock. A revocable trust associated with him made a bona fide gift of 6,048 shares of Common Stock on June 22, 2026.
The gifted shares were indirectly held through the William P. McNamara, Jr. Revocable Trust, for which he serves as trustee and whose beneficiaries are himself and his immediate family. After the gift, he holds 4,881 shares indirectly through the trust and 1,254 shares directly. This is a non-cash, charitable transaction rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,048 shares gifted
Mixed
2 txns
Insider
MCNAMARA WILLIAM P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 6,048 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,881 shares (Indirect, By the William P. McNamara, Jr. Revocable Trust);
Common Stock — 1,254 shares (Direct, null)
Footnotes (1)
- The reported transaction represents a gift/charitable donation of securities indirectly held by the reporting person through the William P. McNamara, Jr. Revocable Trust. The reporting person is the trustee of, and the reporting person and members of his immediate family are the sole beneficiaries of, the William P. McNamara, Jr. Revocable Trust.
Key Figures
Gifted shares: 6,048 shares
Indirect shares after transaction: 4,881 shares
Direct shares after transaction: 1,254 shares
+1 more
4 metrics
Gifted shares
6,048 shares
Bona fide gift on June 22, 2026
Indirect shares after transaction
4,881 shares
Held via revocable trust after gift
Direct shares after transaction
1,254 shares
Direct ownership position after reported date
Gift transaction price
$0.0000 per share
Indicates non-cash charitable transfer
Key Terms
bona fide gift, Revocable Trust, indirectly held
3 terms
bona fide gift financial
"The reported transaction represents a gift/charitable donation of securities indirectly held..."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Revocable Trust financial
"by the William P. McNamara, Jr. Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirectly held financial
"securities indirectly held by the reporting person through the William P. McNamara, Jr. Revocable Trust."
FAQ
What insider transaction did BURL director William P. McNamara report?
Director William P. McNamara reported a bona fide gift of Burlington Stores common stock. A revocable trust associated with him transferred 6,048 indirectly held shares as a charitable donation, with no sale proceeds involved in this Form 4 transaction.
Was the Burlington Stores (BURL) transaction an open-market sale or a gift?
The transaction was a bona fide gift, not an open-market sale. The trust transferred 6,048 shares at a reported price of $0.0000 per share, indicating a charitable donation of stock rather than a cash-generating disposition.
What is the William P. McNamara, Jr. Revocable Trust mentioned in the BURL filing?
The trust is an entity through which McNamara indirectly holds Burlington Stores shares. He is the trustee, and he and his immediate family are the sole beneficiaries, meaning the trust’s holdings and transactions relate to their economic interest in the stock.
Does this Burlington Stores (BURL) Form 4 indicate any stock purchases or sales?
The Form 4 does not report any stock purchases or open-market sales. It records a bona fide gift of 6,048 indirectly held shares, along with an updated direct holding entry showing 1,254 shares after the reported date.