Ollie’s (OLLI) SVP and counsel gets 1,249 shares from RSU vesting
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. senior vice president and general counsel James J. Comitale reported routine equity compensation activity. On April 1, 2026, restricted stock units vested and converted into a total of 1,249 shares of common stock, reflecting previously granted awards.
To cover federal and state tax withholding obligations from this vesting, 552 shares were automatically withheld and cancelled at a fair market value of $91.24 per share, as an exempt transaction under Section 16b-3(e). After these transactions, Comitale directly holds 4,682 shares of common stock, along with remaining unvested RSUs scheduled to vest in future years subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 697 shares
Net Buy
6 txns
Insider
Comitale James J
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 758 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 491 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 758 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 335 | $91.24 | $31K |
| Exercise | Common Stock, par value $0.001 per share | 491 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 217 | $91.24 | $20K |
Holdings After Transaction:
Restricted Stock Units — 2,988 shares (Direct);
Common Stock, par value $0.001 per share — 4,682 shares (Direct)
Footnotes (7)
- F1. Represents the conversion upon vesting of restricted stock awards 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 April 1, 2026.
- F5. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- F6. RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, April 1, 2024, subject to continued service through each applicable vesting date. The reporting person was granted 3,031 RSUs, of which 758 vested on April 1, 2025; 758 vested on April 1, 2026; 757 vest on April 1, 2027; and 758 vest on April 1, 2028.
- F7. RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, April 1, 2025, subject to continued service through each applicable vesting date. The reporting person was granted 1,964 RSUs, of which 491 vested on April 1, 2026; 491 vest on April 1, 2027; 491 vest on April 1, 2028; and 491 vest on April 1, 2029.
Key Figures
RSUs vested (2024 grant): 758 shares
RSUs vested (2025 grant): 491 shares
Total shares from RSU vesting: 1,249 shares
+5 more
8 metrics
RSUs vested (2024 grant)
758 shares
Portion of 3,031 RSU grant vested on April 1, 2026
RSUs vested (2025 grant)
491 shares
Portion of 1,964 RSU grant vested on April 1, 2026
Total shares from RSU vesting
1,249 shares
Combined RSU conversions into common stock on April 1, 2026
Shares withheld for taxes
552 shares
335 + 217 shares relinquished for tax withholding obligations
Tax withholding price
$91.24 per share
Fair market value based on closing price on April 1, 2026
Post-transaction common shares
4,682 shares
Direct common stock holdings after all reported transactions
Initial RSU grant
3,031 RSUs
Vesting in 25% installments from April 1, 2024 to 2028
Second RSU grant
1,964 RSUs
Vesting in 25% installments from April 1, 2025 to 2029
Key Terms
Restricted Stock Units, RSUs, Section 16b-3(e), Rule 16b-3, +2 more
6 terms
Restricted Stock Units financial
"Represents the conversion upon vesting of restricted stock awards into common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
Rule 16b-3 regulatory
"security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
fair market value financial
"equivalent to the fair market value based on the closing market price as of April 1, 2026"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
contingent right financial
"Each of the RSUs represents a contingent right to receive one share of Common Stock"
FAQ
What did OLLI executive James J. Comitale report in this Form 4?
James J. Comitale reported routine equity compensation activity involving vested restricted stock units converting into common shares. The filing shows RSU vesting, related share issuances, and automatic share withholding to satisfy tax obligations, rather than open-market stock purchases or sales.
Are these OLLI insider transactions open-market buys or sales?
The transactions are not open-market buys or sales. They reflect RSU vesting that automatically converted into common shares and exempt tax-withholding dispositions under Section 16b-3(e), where shares were relinquished to the issuer to pay federal and state withholding taxes.
What are the vesting schedules for Comitale’s OLLI restricted stock units?
One RSU grant of 3,031 units vests 25% annually starting April 1, 2024, with installments through April 1, 2028. A second grant of 1,964 RSUs vests 25% annually starting April 1, 2025, with remaining tranches vesting through April 1, 2029, contingent on continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
