Form 4: Ollie's Bargain Outlet Director Richard Zannino Reports Stock Conversion
SEC Form 4
Director Richard F. Zannino reported the conversion of restricted stock units into common stock of Ollie's Bargain Outlet Holdings, Inc.
Summary
- On March 23, 2024, Richard F. Zannino, a director of Ollie's Bargain Outlet Holdings, Inc., converted 2,156 restricted stock units (RSUs) into common stock.
- The RSUs vested on March 23, 2024, and converted into common stock on a one-for-one basis.
- Following the transaction, Zannino directly owns 9,514 shares of common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of a stock transaction related to executive compensation and has neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Date the Restricted Stock Units were granted. |
| 03/23/2024 | Date of the transaction: conversion of RSUs into common stock and vesting of RSUs. |
| 03/26/2024 | Date of the report. |
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