Jennifer Vecchio - Mar 17, 2023 Form 4 Insider Report for Burlington Stores, Inc. (BURL)

Role
Group President and CMO
Signature
/s/ Christopher Schaub, as attorney-in-fact for Jennifer Vecchio
Stock symbol
BURL
Transactions as of
Mar 17, 2023
Transactions value $
-$4,275,517
Form type
4
Date filed
3/21/2023, 04:15 PM
Previous filing
Mar 14, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BURL Common Stock Options Exercise $2.12M +21.5K +38.88% $98.92 76.6K Mar 17, 2023 Direct
transaction BURL Common Stock Options Exercise $3.48M +25.7K +33.54% $135.37 102K Mar 17, 2023 Direct
transaction BURL Common Stock Sale -$8.43M -40.3K -39.34% $209.38 62.1K Mar 17, 2023 Direct F1
transaction BURL Common Stock Sale -$1.45M -6.9K -11.11% $209.92 55.2K Mar 17, 2023 Direct F2
holding BURL Common Stock 186 Mar 17, 2023 By reporting person as UTMA custodian for son
holding BURL Common Stock 186 Mar 17, 2023 By reporting person as UTMA custodian for daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -21.5K -100% $0.00* 0 Mar 17, 2023 Common Stock 21.5K $98.92 Direct F3
transaction BURL Employee Stock Option (right to buy) Options Exercise $0 -25.7K -100% $0.00* 0 Mar 17, 2023 Common Stock 25.7K $135.37 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $208.82 to $209.815, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $209.82 to $210.02, inclusive. The reporting person undertakes to provide to Burlington Stores, Inc., any security holder of Burlington Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 The options were exercisable as to 100% of the shares.