Form 4: Burlington Stores COO Travis Marquette Sells Shares Under 10b5-1 Trading Plan

Travis Marquette, President and COO of Burlington Stores, Inc., sold shares of common stock on May 5, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 5, 2025, Travis Marquette, the President and COO of Burlington Stores, Inc., sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 21, 2024.
• A total of 190 shares were sold in three separate transactions at weighted average prices of $232.77, $237.42, and $238.03.
• Following these transactions, Marquette directly owns 22,858 shares of Burlington Stores, Inc. common stock.
• The reporting person has committed to providing full information regarding the number of shares sold at each separate price within the specified ranges upon request.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock sales by an executive under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by executives are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates

Keywords

Form 4, Burlington Stores, Travis Marquette, Rule 10b5-1, Stock Sale, Insider Trading