Form 4: Burlington Stores Executive Matthew Pasch Reports Stock Transaction

Matthew Pasch, Chief Human Resources Officer of Burlington Stores, Inc., reports disposition of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 3, 2024, Matthew Pasch, the Chief Human Resources Officer of Burlington Stores, Inc., disposed of 28 shares of common stock to cover tax withholding obligations.
• The transaction was executed at a price of $185.68 per share.
• Following the transaction, Pasch directly owns 8,120 shares of Burlington Stores, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at comparable retailers like Ross Stores (ROST) and TJX Companies (TJX) when they engage in stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates