Pasch Matthew 4

What Happened
Matthew Pasch, Chief Human Resources Officer of Burlington Stores (BURL), had a total of 1,041 shares withheld on March 23, 2026 to satisfy tax withholding obligations related to the settlement of performance-based restricted stock units (RSUs). The filing reports three withholding events: 21 shares, 439 shares, and 581 shares; each entry shows $0 proceeds because the shares were surrendered to cover taxes rather than sold on the open market.

Key Details

• Transaction date: 2026-03-23. Individual entries: 21 shares, 439 shares, 581 shares — total withheld 1,041 shares. Reported amount realized: $0 for each entry (shares withheld for taxes).
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Footnote: F1 — shares were withheld to satisfy tax withholding obligations in connection with settlement of performance-based RSU awards.
• Filing timeliness: No late-filing indication in the provided data.

Context
This was a routine tax-withholding event tied to RSU settlement, not an open-market sale or a purchase. Withholdings to cover taxes are common after equity awards vest and generally reflect tax mechanics rather than a manager’s buy/sell decision.