Form 4: Burlington Stores Executive Matthew Pasch Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Matthew Pasch, Chief Human Resources Officer of Burlington Stores, Inc., reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 3, 2025, Matthew Pasch, the Chief Human Resources Officer of Burlington Stores, Inc., disposed of 4 shares of common stock at a price of $273.66.
- This transaction was to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Pasch directly owns 7,201 shares of Burlington Stores, Inc. common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the stock's performance.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction: Matthew Pasch disposed of shares to cover tax obligations. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Burlington Stores, BURL, Matthew Pasch, Chief Human Resources Officer, Stock Disposal, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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