Marquette Travis 4

What Happened

• Marquette Travis, President and Chief Operating Officer of Burlington Stores, sold a total of 3,759 shares in open-market transactions on March 24, 2026, generating approximately $1,232,007 in proceeds. The sales were reported as follows:
  • 1,303 shares at a weighted avg. $326.85 — $425,886
  • 1,535 shares at a weighted avg. $327.64 — $502,927
  • 787 shares at a weighted avg. $329.08 — $258,986
  • 134 shares at a weighted avg. $329.91 — $44,208
• On March 23, 2026, 7,243 shares were disposed (reported as $0) through withholding to satisfy tax obligations in connection with the settlement of performance-based restricted stock units (i.e., tax withholding, not an open-market sale).
• These actions are sales (not purchases); sales by insiders can be routine (tax withholding, diversification, preplanned sales) and are not by themselves a directional endorsement of the stock.

Key Details

• Transaction dates: Mar 23, 2026 (tax withholding); Mar 24, 2026 (open-market sales). Form 4 filed Mar 25, 2026 (timely).
• Total open-market shares sold: 3,759 for ~$1.23M; tax-withheld shares: 7,243.
• Reported prices are weighted averages; footnotes state the sales were executed in multiple transactions with reported price ranges (overall roughly $326.36 to $330.12 across the sales).
• One of the sales was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 11, 2025 (per filing footnote).
• Shares owned after the transactions are not shown in the provided filing excerpt.

Context

• Code meanings: S = sale (open market), F = shares withheld to satisfy tax withholding on award settlement.
• Tax-withholding disposals are common when restricted stock or performance units vest and do not reflect an open-market cash sale.
• A 10b5-1 plan indicates at least some sales were preplanned; such sales are typically executed according to a predetermined schedule or rules and are not necessarily based on current company-specific information.