Ollie’s (NASDAQ: OLLI) chair logs RSU vesting and tax share withholding
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. Executive Chairman John W. Swygert reported routine equity compensation activity. On March 23, 2026, 6,899 Restricted Stock Units vested and converted on a one-for-one basis into common stock at no exercise price. To cover federal and state tax withholding obligations from this vesting, 3,001 common shares were relinquished back to the company at a value based on the $94.45 closing market price. After these transactions, Swygert directly holds 52,098 shares of common stock. The disposition was an exempt, non–open-market tax-withholding transaction under Section 16b-3(e).
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,899 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 6,899 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 3,001 | $94.45 | $283K |
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 27,596 RSUs, of which 6,899 vested on March 23, 2024; 6,899 vested on March 23, 2025; 6,899 vested on March 23, 2026; and 6,899 vest on March 23, 2027.
FAQ
What insider transaction did OLLI Executive Chairman John Swygert report?
What was the original OLLI RSU grant described in this Form 4 footnotes?
How do OLLI Restricted Stock Units convert into common stock for John Swygert?