Burlington Insider: Ferroni Exercises Options and Sells Shares on 09/09/2025

Rhea-AI Filing Summary

Stephen Ferroni, SVP and Chief Accounting Officer of Burlington Stores, Inc. (BURL), reported paired transactions on 09/09/2025. He acquired 1,123 shares via exercise of employee stock options at an exercise price of $98.92 per share and sold 1,123 shares the same day at $281.25 per share. After these transactions Ferroni beneficially owned 3,512 shares prior to the sale line and 2,389 shares after the reported sale. The Form 4 was signed by an attorney-in-fact on 09/11/2025. The filing notes the options were exercisable as to 100% of the shares.

Positive

• Transparent reporting of insider exercise and sale with exact quantities and prices
• Options fully exercisable (100%), clearly disclosed in the explanation

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider exercised options and sold the same number of shares at a sizable premium to exercise price; routine monetization.

The report documents a simultaneous option exercise and sale of the resulting shares by a senior accounting officer. The exercise price was $98.92 and the reported sale price was $281.25, indicating the insider realized substantial proceeds on the disposed shares. This is a common liquidity event for option holders and does not, by itself, disclose company performance metrics or forward guidance. The filing is procedural and conforms to Section 16 reporting requirements.

Corporate Governance Expert

TL;DR: Transaction appears compliant with disclosure rules; no red flags in timing or form details.

The Form 4 identifies the reporting person, role (SVP, Chief Accounting Officer), transaction dates, quantities, and prices. The filing was executed by an attorney-in-fact and includes the standard explanation that options were fully exercisable. There is no indication of plans, 10b5-1 designation, or unusual derivative arrangements disclosed. From a governance perspective this is a routine insider liquidity event documented per regulatory requirements.

SEC Form 4

FORM 4

UNITED 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 NJ 08016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Burlington Stores, Inc. [ BURL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/09/2025		M		1,123	A	$98.92	3,512	D
Common Stock	09/09/2025		S		1,123	D	$281.25	2,389	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$98.92	09/09/2025		M			1,123	(1)	05/01/2027	Common Stock	1,123	$0.00	0	D

Explanation of Responses:

1. The options are exercisable as to 100% of the shares.

	/s/ Christopher Schaub, as attorney-in-fact for Stephen Ferroni	09/11/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did Stephen Ferroni report on Form 4 for BURL?

He reported an exercise of 1,123 options at $98.92 per share and a sale of 1,123 common shares at $281.25 on 09/09/2025.

How many Burlington (BURL) shares does Stephen Ferroni beneficially own after the reported transactions?

Following the reported transactions Ferroni beneficially owned 2,389 shares as shown on the Form 4.

What is Stephen Ferroni's role at Burlington and how was the form signed?

He is listed as SVP, Chief Accounting Officer, and the Form 4 was signed by Christopher Schaub as attorney-in-fact on 09/11/2025.

What was the exercise price and sale price reported on the Form 4?

The exercise price reported was $98.92 per share and the sale price reported was $281.25 per share.

Were the options exercisable at the time of the transaction?

Yes. The filing explains the options were exercisable as to 100% of the shares.