Form 4: Burlington Stores CEO Michael O'Sullivan Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
CEO Michael O'Sullivan of Burlington Stores, Inc. reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 5, 2025, Michael O'Sullivan, CEO of Burlington Stores, Inc., disposed of 739 shares of common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $237.04 per share.
- Following the transaction, O'Sullivan directly owns 136,974 shares of Burlington Stores, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as executives and directors. This filing indicates a standard practice of covering tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction: disposal of shares to cover tax obligations. |
| 05/07/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Burlington Stores, Michael O'Sullivan, CEO, Share Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership
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