Ollie's (NASDAQ: OLLI) chair nets RSU shares, withholds stock for taxes
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. Executive Chairman John W. Swygert reported routine equity compensation activity. On February 3, 2026, 2,091 Restricted Stock Units vested and converted into an equal number of common shares at $0 exercise price.
To cover tax withholding on this vesting, 965 common shares were automatically withheld and cancelled at a fair market value of $108.34 per share. After these transactions, Swygert directly holds 49,326 common shares and 6,271 RSUs that continue to vest annually through 2029 under the original 8,362 RSU grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,126 shares
Net Buy
3 txns
Insider
SWYGERT JOHN W
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,091 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 2,091 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 965 | $108.34 | $105K |
Holdings After Transaction:
Restricted Stock Units — 6,271 shares (Direct);
Common Stock, par value $0.001 per share — 49,326 shares (Direct)
Footnotes (6)
- F1. Represents the conversion upon vesting of a restricted stock award into common stock ("Common Stock").
- F2. Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
- F3. 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.
- F4. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of February 3, 2026.
- F5. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- F6. The RSUs granted to the reporting person vest in 25% installments on each anniversary date of the grant, February 3, 2025, subject to continued service through each applicable vesting date. The reporting person was granted 8,362 RSUs, of which 2,091 vested on February 3, 2026; 2,090 vest on February 3, 2027; 2,091 vest on February 3, 2028; and 2,090 vest on February 3, 2029.
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FAQ
What insider transaction did OLLI Executive Chairman John W. Swygert report?
John W. Swygert reported vesting of 2,091 Restricted Stock Units into common shares. The RSUs converted on a one-for-one basis, reflecting routine equity compensation rather than an open-market purchase or sale, and were part of a larger 8,362-unit award vesting through 2029.
What is the vesting schedule of John W. Swygert’s OLLI RSU grant?
Swygert’s 8,362 OLLI RSUs vest in 25% annual installments on each February 3, starting in 2025. 2,091 vested on February 3, 2026; 2,090 are scheduled for February 3, 2027; 2,091 on February 3, 2028; and 2,090 on February 3, 2029, subject to continued service.
What roles does John W. Swygert hold at Ollie’s Bargain Outlet Holdings, Inc. (OLLI)?
According to the filing, John W. Swygert is both a director and an officer of OLLI. His officer title is Executive Chairman, reflecting a senior leadership position with board responsibilities at Ollie’s Bargain Outlet Holdings, Inc.