Form 4: Burlington Stores CFO Kristin Wolfe Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Kristin Wolfe, CFO of Burlington Stores, Inc., reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 1, 2024, Kristin Wolfe, the Chief Financial Officer of Burlington Stores, Inc., disposed of 1,175 shares of common stock at a price of $255.24.
- An additional 190 shares were disposed of on the same date at the same price.
- These transactions were to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Wolfe directly owns 16,332 shares of Burlington Stores, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. Disposals to cover tax obligations are common.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock disposal transactions |
| 08/05/2024 | Date of signature on the report |
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