Form 4: Ollie's Bargain Outlet CEO Eric van der Valk Reports Stock Transactions
SEC Form 4 Filing
Eric van der Valk, President and CEO of Ollie's Bargain Outlet Holdings, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 23, 2025, Eric van der Valk, the President and CEO of Ollie's Bargain Outlet Holdings, Inc., had 1,941 restricted stock units (RSUs) vest into common stock.
- Following the vesting, 855 shares were relinquished to cover federal and state tax withholding obligations.
- The price per share for the tax withholding was $106.88, based on the closing market price as of March 21, 2025.
- After these transactions, van der Valk directly owns 6,701 shares of common stock and 3,880 RSUs.
- The RSUs vest in 25% installments annually on March 23, with the initial grant date being March 23, 2023.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings and transactions of key executives.
Stakeholder Impact
- Shareholders are informed about the executive's stock ownership and transactions.
- The company's obligation to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Initial grant date of 7,761 Restricted Stock Units (RSUs), vesting in 25% installments annually. |
| 03/23/2024 | 1,940 RSUs vested. |
| 03/21/2025 | Closing market price used to calculate tax withholding obligations. |
| 03/23/2025 | Date of transaction: 1,941 RSUs vested and shares withheld for taxes. |
| 03/25/2025 | Date of Form 4 filing. |
| 03/23/2026 | 1,940 RSUs vest. |
| 03/23/2027 | 1,940 RSUs vest. |
Keywords
Ollie's Bargain Outlet Holdings, Eric van der Valk, restricted stock units, RSUs, stock vesting, Form 4, insider trading, executive compensation
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