Tax withholding trims Burlington (NYSE: BURL) CFO share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burlington Stores, Inc. Chief Financial Officer Kristin Wolfe reported a routine tax-withholding transaction involving company stock. On settlement of performance-based restricted stock units, 4,186 shares of common stock were withheld to satisfy tax obligations rather than being sold in the open market. After this administrative disposition, Wolfe directly holds 28,051 shares of Burlington common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wolfe Kristin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,186 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,051 shares (Direct)
Footnotes (1)
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FAQ
What did Burlington (BURL) CFO Kristin Wolfe report in this Form 4?
Burlington CFO Kristin Wolfe reported a tax-related share disposition. Shares were withheld by the company to cover tax obligations upon settlement of performance-based restricted stock units, rather than sold in the market, and her remaining direct holdings were updated accordingly.
Is Kristin Wolfe’s Burlington (BURL) transaction an open-market sale of stock?
The transaction is not an open-market sale. The 4,186 Burlington shares were withheld by the company to cover tax liabilities triggered by performance-based restricted stock unit settlement, a common administrative process rather than a discretionary trade in the public market.
What triggered the tax withholding reported by Burlington (BURL) CFO Kristin Wolfe?
The tax withholding was triggered by the settlement of performance-based restricted stock unit awards. When these awards vested, 4,186 Burlington shares were withheld to cover associated tax obligations, which is typically handled as a non-market, administrative share disposition.
Does Burlington (BURL) CFO Kristin Wolfe’s Form 4 indicate any stock purchases or sales?
The Form 4 does not show any open-market purchases or sales. It reports only a tax-withholding disposition of 4,186 Burlington shares tied to performance-based restricted stock unit settlement, with Wolfe’s direct holdings updated to 28,051 shares afterward.