Form 4: Ollie's Bargain Outlet CEO Eric van der Valk Reports Vesting and Tax-Related Sale of Shares

Ollie's Bargain Outlet Holdings, Inc.'s President and CEO, Eric van der Valk, reported the vesting of 2,578 restricted stock units and the subsequent sale of 1,122 shares to cover tax obligations.

Summary

• Eric van der Valk, President and CEO of Ollie's Bargain Outlet Holdings, Inc. (OLLI), reported transactions on June 6, 2025, related to his equity compensation.
• He acquired 2,578 shares of common stock through the conversion upon vesting of restricted stock units (RSUs) at a price of $0.
• Following this acquisition, Mr. van der Valk disposed of 1,122 shares of common stock at a price of $119.37 per share.
• This disposition was an exempt transaction under Section 16b-3(e), specifically for the payment of federal and state tax withholding obligations resulting from the RSU vesting.
• The price of $119.37 reported for the disposed shares is equivalent to the fair market value based on the closing market price as of June 6, 2025.
• After these transactions, Mr. van der Valk directly beneficially owns 8,489 shares of Ollie's Bargain Outlet Holdings, Inc. common stock.
• The vested RSUs were part of an original grant of 10,314 RSUs on June 6, 2022, with 50% vesting on June 6, 2023, 25% on June 6, 2024, and the final 25% (2,578 units) vesting on June 6, 2025.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of executive compensation vesting and tax-related share disposition. It reflects standard compensation practices and does not indicate any negative operational or financial issues for the company. The reduction in shares is purely for tax purposes, not a discretionary sale, which is a neutral to slightly positive signal as it confirms the executive's continued equity stake.

Positives

• The vesting of restricted stock units indicates the continued alignment of executive compensation with long-term shareholder interests.
• The transaction is a routine and expected part of executive equity compensation, reflecting the successful completion of the vesting period.

Negatives

• The sale of 1,122 shares, while for tax purposes, results in a reduction of the direct beneficial ownership of the CEO.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the vesting of executive compensation and the subsequent sale of shares to cover tax obligations. It does not provide broader industry context or trends, as it pertains solely to an individual's compensation event.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding executive stock ownership and compensation, which is generally positive for corporate governance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

Keywords

Ollie's Bargain Outlet, OLLI, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Eric van der Valk, Stock Sale, Tax Withholding