Form 4: Burlington Stores SVP, Chief Accounting Officer Stephen Ferroni Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen Ferroni, SVP, Chief Accounting Officer of Burlington Stores, Inc., reports acquisition and disposal of common stock due to vesting of restricted stock units and tax withholding obligations.
Summary
- On May 1, 2025, Stephen Ferroni acquired 606 shares of Burlington Stores, Inc. common stock through the vesting of restricted stock units at a price of $0.00.
- On the same day, 25 shares were disposed of at $228 to cover tax obligations related to the vesting.
- An additional 61 shares were disposed of at $228 on May 1, 2025, for tax obligations.
- On May 2, 2025, 21 shares were disposed of at $236 for tax obligations.
- Following these transactions, Ferroni directly owns 2,403 shares of Burlington Stores, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which carries a neutral sentiment.
Future Outlook
The restricted stock units vest one-quarter on each of the first four anniversaries of the grant date.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of restricted stock units grant, vesting one-quarter on each of the first four anniversaries of the grant date. |
| 05/01/2025 | Acquisition of 606 shares of common stock and disposal of 25 and 61 shares for tax obligations. |
| 05/02/2025 | Disposal of 21 shares for tax obligations. |
| 05/05/2025 | Date of signature for the report. |
Keywords
Beneficial Ownership, Form 4, Burlington Stores, Stephen Ferroni, Restricted Stock Units, Tax Withholding, Common Stock
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