Form 4: Burlington Stores Director Laura Sen Receives Restricted Stock Unit Grant

Burlington Stores, Inc. Director Laura Sen was granted 658 shares of common stock in the form of restricted stock units, increasing her total beneficial ownership to 6,484 shares.

Summary

• Laura Sen, a Director of Burlington Stores, Inc. (BURL), acquired 658 shares of common stock on May 21, 2025.
• The acquisition was in the form of restricted stock units (RSUs) granted at a price of $0.00 per share.
• These restricted stock units are scheduled to vest 100% on the first anniversary of the grant date.
• Following this transaction, Ms. Sen's total beneficial ownership of Burlington Stores common stock stands at 6,484 shares.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates standard corporate governance practices and aligns director interests with shareholders, without any negative implications.

Positives

• The grant of restricted stock units to Director Laura Sen aligns her interests with those of shareholders, as the value of her compensation is tied to the company's stock performance.
• The transaction represents a standard form of non-cash compensation for directors, reflecting ongoing commitment and incentivization.

Negatives

• The acquisition was a grant of restricted stock units at a $0.00 price, rather than an open market purchase, meaning there was no direct cash investment by the director in this specific transaction.

Future Outlook

The 658 restricted stock units granted to Director Laura Sen are scheduled to vest 100% on the first anniversary of the grant date, which is May 21, 2026.

Industry Context

The granting of restricted stock units to non-employee directors is a common practice across various industries, including retail, as a form of compensation designed to align the interests of the board with long-term shareholder value.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) as part of non-employee director compensation is a widely adopted practice across public companies, including those in the retail sector like Burlington Stores.
• The vesting schedule of 100% on the first anniversary of the grant date is a typical approach for director equity awards, aiming to retain directors and incentivize long-term commitment.
• The use of Rule 10b5-1(c) plans for such transactions is standard for insiders to manage equity awards in compliance with insider trading regulations.

Related Party Transactions

• The grant of 658 restricted stock units to Laura Sen, a Director of Burlington Stores, Inc., constitutes a related party transaction as it involves compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The 658 restricted stock units granted to Laura Sen are expected to vest on May 21, 2026.

Key Dates

Keywords

Burlington Stores, BURL, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Beneficial Ownership