Burlington (NYSE: BURL) CMO exercises options and sells 20,920 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burlington Stores, Inc. Group President and CMO Jennifer Vecchio reported option exercises and related stock sales involving the company’s common stock. On 2026-06-12, she exercised employee stock options covering 20,920 shares at exercise prices of $179.46 and $170.08 per share and received an equivalent number of common shares.
On the same date, Vecchio executed open-market sales totaling 20,920 common shares at weighted average prices ranging from about $339.13 to $343.10, resulting in a net sale position of 20,920 shares across all reported transactions. The filing also notes that shares previously held by her as UTMA custodian for her children were transferred to the children, so those indirect custodial holdings are now reported as held directly by the children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,920 shares ($7,144,823)
Net Sell
11 txns
Insider
Vecchio Jennifer
Role
Group President and CMO
Sold
20,920 shs ($7.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 10,534 | $0.00 | -- |
| Exercise | Employee Stock Option (right to buy) | 10,386 | $0.00 | -- |
| Exercise | Common Stock | 10,534 | $170.08 | $1.79M |
| Exercise | Common Stock | 10,386 | $179.46 | $1.86M |
| Sale | Common Stock | 1,317 | $339.13 | $447K |
| Sale | Common Stock | 2,740 | $340.48 | $933K |
| Sale | Common Stock | 10,787 | $341.57 | $3.68M |
| Sale | Common Stock | 5,847 | $342.43 | $2.00M |
| Sale | Common Stock | 229 | $343.10 | $79K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 91,551 shares (Direct, null);
Common Stock — 0 shares (Indirect, By reporting person as UTMA custodian for son)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $338.73 to $339.26. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $339.97 to $340.90. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $341.05 to $342.02. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $342.05 to $342.93. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $343.09 and $343.10. 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. Shares previously held by the reporting person as UTMA custodian for her children were transferred to such children and are held directly by the children. The options are exercisable as to 100% of the shares.
Key Figures
Shares sold: 20,920 shares
Shares exercised: 20,920 shares
Option exercise price 1: $179.46/share
+4 more
7 metrics
Shares sold
20,920 shares
Total open-market sales on June 12, 2026
Shares exercised
20,920 shares
Employee stock options converted to common stock
Option exercise price 1
$179.46/share
Exercise price for 10,386 options
Option exercise price 2
$170.08/share
Exercise price for 10,534 options
Sale price range (low block)
$338.73–$339.26
Weighted-average block price range per footnote
Sale price range (high block)
$343.09–$343.10
Weighted-average block price range per footnote
Net buy/sell shares
-20,920 shares
Net share change across all reported transactions
Key Terms
Employee Stock Option (right to buy), weighted average price, UTMA custodian, open-market sale, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
UTMA custodian financial
"Shares previously held by the reporting person as UTMA custodian for her children"
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 security financial
"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.
FAQ
What insider activity did Burlington Stores (BURL) report for Jennifer Vecchio?
Burlington Stores reported that Group President and CMO Jennifer Vecchio exercised employee stock options for 20,920 common shares, then carried out open-market sales totaling 20,920 shares on June 12, 2026, resulting in a net sale across the reported transactions.
What stock options did Jennifer Vecchio exercise in this Burlington Stores (BURL) Form 4?
She exercised employee stock options covering 10,386 shares at an exercise price of $179.46 and 10,534 shares at an exercise price of $170.08 per share, receiving a total of 20,920 Burlington Stores common shares through these derivative exercises.
Did this Burlington Stores (BURL) Form 4 include any changes to Jennifer Vecchio’s custodial holdings?
Yes. Shares previously held by Jennifer Vecchio as UTMA custodian for her children were transferred to the children and are now held directly by them, so those positions are no longer reported as indirect custodial holdings for her in this filing.
Does this Burlington Stores (BURL) Form 4 show any remaining stock options for Jennifer Vecchio?
The filing reports derivative transactions where employee stock options covering 10,386 and 10,534 shares were exercised, and the derivative summary in the data provided is empty, indicating no remaining derivative positions are shown in this particular Form 4 excerpt.