Burlington (NYSE: BURL) CEO awarded 12,292 RSUs, 6,423 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burlington Stores, Inc.'s Chief Executive Officer Michael B. O’Sullivan reported routine equity compensation activity. On May 1, 2026, he received a grant of 12,292 restricted stock units, which will vest in four equal annual installments on each of the first four anniversaries of the grant date.
The filing also shows 6,423 shares of Common Stock were disposed of through share withholding to cover tax obligations tied to RSU vesting, including 1,305 shares at $309.27 on May 4, 2026 and several entries at $318.00 on May 1, 2026. After these transactions, he directly holds 173,235 shares of Burlington common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
O SULLIVAN MICHAEL B
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,305 | $309.27 | $404K |
| Grant/Award | Common Stock | 12,292 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,553 | $318.00 | $494K |
| Tax Withholding | Common Stock | 1,677 | $318.00 | $533K |
| Tax Withholding | Common Stock | 1,888 | $318.00 | $600K |
Holdings After Transaction:
Common Stock — 173,235 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted on May 1, 2026, vesting one-quarter on each of the first four anniversaries of the grant date. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
Key Figures
RSU grant size: 12,292 shares
Tax-withheld shares: 6,423 shares
Tax-withholding price 1: $309.27 per share
+2 more
5 metrics
RSU grant size
12,292 shares
Restricted stock units granted on May 1, 2026
Tax-withheld shares
6,423 shares
Shares withheld to satisfy tax obligations on RSU vesting
Tax-withholding price 1
$309.27 per share
1,305 shares withheld on May 4, 2026
Tax-withholding price 2
$318.00 per share
Multiple withholding transactions on May 1, 2026
Post-transaction holdings
173,235 shares
Common stock held directly after latest reported transaction
Key Terms
Restricted stock units, tax withholding obligations, Form 4, Chief Executive Officer
4 terms
Restricted stock units financial
"Restricted stock units granted on May 1, 2026, vesting one-quarter on each"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations in connection"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Executive Officer financial
"officer_title": "Chief Executive Officer""
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
FAQ
What did Burlington Stores (BURL) CEO report in this Form 4?
CEO Michael B. O’Sullivan reported an equity grant and tax-related share withholding. He received 12,292 restricted stock units and had 6,423 shares withheld to cover taxes from RSU vesting, leaving him with 173,235 shares held directly.
How do the CEO’s new restricted stock units vest at Burlington (BURL)?
The 12,292 restricted stock units vest over four years. According to the filing, they vest one-quarter on each of the first four anniversaries of the May 1, 2026 grant date, creating a multi-year equity incentive.