Ollie's CEO exercises RSUs, shares withheld for taxes
Ollie's Bargain Outlet Holdings, Inc. reported that President and CEO Eric van der Valk had restricted stock units vest into 1,940 shares of Common Stock on March 23, 2026.
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. reported that President and CEO Eric van der Valk had restricted stock units vest into 1,940 shares of Common Stock on March 23, 2026. In connection with this vesting, 844 shares were withheld at a price of $94.45 per share to cover federal and state tax obligations, an exempt transaction under Section 16b-3(e). Following these transactions, van der Valk directly holds 10,912 shares of common stock. The vested shares are part of a 7,761-unit RSU grant that vests in four annual installments from March 23, 2023 through March 23, 2027.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,940 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 1,940 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 844 | $94.45 | $80K |
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 March 23, 2026.
- F5. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- F6. 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 7,761 RSUs, of which 1,940 vested on March 23, 2024; 1,941 vested on March 23, 2025; 1,940 vested on March 23, 2026; and 1,940 vest on March 23, 2027.
FAQ
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What insider transaction did Ollie's (OLLI) CEO Eric van der Valk report?
What is the vesting schedule of the CEO’s 7,761 Ollie's (OLLI) RSUs?
How are Ollie's (OLLI) RSUs converted into common stock for the CEO?
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