Form 4: Burlington Stores Director Paul Sullivan Receives Restricted Stock Unit Grant

Burlington Stores, Inc. Director Paul Sullivan was granted 658 restricted stock units on May 21, 2025, as part of his compensation.

Summary

• Paul Sullivan, a Director of Burlington Stores, Inc. (BURL), acquired 658 shares of common stock on May 21, 2025.
• These shares were granted as restricted stock units (RSUs) at a price of $0.00 per share.
• The RSUs are scheduled to vest 100% on the first anniversary of the grant date, which is May 21, 2026.
• Following this transaction, Mr. Sullivan beneficially owns a total of 8,051 shares of Burlington Stores, Inc. common stock.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is a standard compensation practice that aligns management interests with shareholders, indicating stable corporate governance without significant positive or negative financial implications for the company's operations.

Positives

• The grant of restricted stock units to Director Paul Sullivan aligns his interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• The vesting schedule encourages long-term commitment from the director.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of equity compensation to Paul Sullivan, a director of Burlington Stores, Inc., which is a related party transaction.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

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

Key Dates

Keywords

Burlington Stores, BURL, Paul Sullivan, Form 4, SEC filing, insider transaction, restricted stock units, RSU, director compensation, equity grant, beneficial ownership