Ollie's (OLLI) CEO vests RSUs and ends holding 10,912 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,940 shares exercised/converted
Mixed
3 txns
Insider
van der Valk Eric
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,940 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 1,940 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 844 | $94.45 | $80K |
Holdings After Transaction:
Restricted Stock Units — 1,940 shares (Direct);
Common Stock, par value $0.001 per share — 11,756 shares (Direct)
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 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
What insider transaction did Ollie's (OLLI) CEO Eric van der Valk report?
Eric van der Valk reported RSU vesting that converted into 1,940 shares of common stock. As part of this compensation-related event, some shares were withheld to satisfy tax obligations, and his direct ownership position increased to 10,912 common shares afterward.
What is the vesting schedule of the CEO’s 7,761 Ollie's (OLLI) RSUs?
The CEO’s 7,761 restricted stock units vest in four 25% installments on each March 23 from 2023 through 2027. Tranches of 1,940 or 1,941 RSUs vest annually, subject to continued service through each vesting date, then convert one-for-one into common shares.
How are Ollie's (OLLI) RSUs converted into common stock for the CEO?
Each restricted stock unit represents a contingent right to receive one share of common stock at vesting. When vesting conditions are met, RSUs convert on a one-for-one basis, increasing the CEO’s common share holdings, subject to any shares withheld for applicable tax obligations.