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 of restricted stock units and subsequent tax withholding.
Summary
- On March 25, 2025, Eric van der Valk, the President and CEO of Ollie's Bargain Outlet Holdings, Inc., had 2,151 restricted stock units (RSUs) vest and convert into common stock.
- He also disposed of 931 shares of common stock to cover tax obligations related to the vesting of these RSUs.
- Following these transactions, van der Valk directly owns 7,921 shares of common stock and 2,152 RSUs.
- The price of the disposed shares was $106.37, equivalent to the fair market value on March 25, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate positive or negative sentiment, but rather a standard process.
Future Outlook
The remaining 2,152 RSUs are scheduled to vest on March 25, 2026, subject to continued service.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company executives. It is a standard practice for publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to align management's interests with those of shareholders.
- The vesting schedule of 25% annually is a common practice.
- Companies like Walmart, Target, and Costco also use RSUs as part of their executive compensation packages.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine part of executive compensation.
- Employees may be indirectly impacted by the executive's continued alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Initial vesting date of RSUs, with 25% vesting annually. |
| 03/25/2023 | 2,152 RSUs vested. |
| 03/25/2024 | 2,152 RSUs vested. |
| 03/25/2025 | 2,151 RSUs vested; stock disposed of for tax obligations. |
| 03/25/2026 | Future vesting date for remaining 2,152 RSUs. |
| 03/27/2025 | Date of Form 4 signature. |
Keywords
Ollie's Bargain Outlet Holdings, Eric van der Valk, Form 4, Stock transaction, Restricted Stock Units, RSUs, Vesting, Common Stock, Tax withholding, Insider trading
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