Form 4: Ollie's Bargain Outlet Director Transfers Shares to Revocable Trust
SEC Form 4 Filing
Director Thomas Hendrickson transfers shares of Ollie's Bargain Outlet Holdings, Inc. common stock to a revocable trust, with the reporting person remaining the beneficial owner.
Summary
- Thomas Hendrickson, a director of Ollie's Bargain Outlet Holdings, Inc., transferred shares of the company's common stock to the Hendrickson Revocable Trust.
- The transfers occurred on September 23, 2024, and involved a total of 5,659 shares.
- The reporting person and his spouse are trustees of the trust, and the reporting person and members of his immediate family are the sole beneficiaries of the trust.
- Hendrickson remains the beneficial owner of the securities held by the trust.
- An initial transfer of 5,049 shares was attempted on September 17, 2024, but failed due to a bank error and was re-initiated on September 23, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a share transfer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transfer of shares to a trust is unlikely to have a significant impact on stakeholders as the beneficial ownership remains with the reporting person.
Key Dates
| Date | Description |
|---|---|
| October 27, 2017 | Date of the Hendrickson Revocable Trust |
| September 17, 2024 | Initial transfer of 5,049 shares to the trust (failed due to bank error) |
| September 19, 2024 | Form 4 was timely filed for the September 17, 2024 transaction. |
| September 23, 2024 | Re-initiated transfer of 5,049 shares and transfer of an additional 610 shares to the trust |
| September 25, 2024 | Date of signature on the Form 4 filing |
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