Ollie’s (OLLI) CFO reports RSU vesting and tax-withholding share cancellation
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. executive vice president and CFO Robert F. Helm reported routine equity compensation activity. On March 23, 2026, 1,294 restricted stock units vested and converted into common stock on a one-for-one basis, increasing his direct common stock holdings. To cover federal and state tax withholding obligations from this vesting, 662 shares of common stock were relinquished and cancelled by the company at a fair market value of $94.45 per share, as an exempt tax-withholding transaction rather than an open-market sale. After these transactions, Helm directly held 4,273 shares of common stock. The RSU award originally covered 5,174 units vesting in four annual installments from March 23, 2024 through March 23, 2027, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,294 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 1,294 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 662 | $94.45 | $63K |
Footnotes (1)
- Represents the conversion upon vesting of a restricted stock award into common stock ("Common Stock"). Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 23, 2026. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting. The RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, March 23, 2023, subject to continued service through each applicable vesting date. The reporting person was granted 5,174 RSUs, of which 1,294 vested on March 23, 2024; 1,293 vested on March 23, 2025; 1,294 vested on March 23, 2026; and 1,293 vest on March 23, 2027.