Form 4: Ollie's Bargain Outlet Director Rizvi Abid Reports Stock Conversion
SEC Form 4 Filing
Director Abid Rizvi converted restricted stock units into common stock of Ollie's Bargain Outlet Holdings on March 23, 2024.
Summary
- On March 23, 2024, Abid Rizvi, a director of Ollie's Bargain Outlet Holdings, Inc., converted 2,156 restricted stock units (RSUs) into common stock.
- The RSUs, which vested on March 23, 2024, converted on a one-for-one basis, resulting in Rizvi acquiring 2,156 shares of common stock.
- Following the transaction, Rizvi directly owns 2,498 shares of Ollie's Bargain Outlet Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard executive compensation practice.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine conversion of existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Date the Restricted Stock Units were granted. |
| 03/23/2024 | Date of transaction: conversion of restricted stock units into common stock and vesting of RSUs. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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