Form 4: Ollie's Bargain Outlet Director Transfers Shares to Revocable Trust

Thomas Hendrickson, a director at Ollie's Bargain Outlet Holdings, Inc., transferred 5,049 shares of common stock to a revocable trust on September 17, 2024.

Summary

• On September 17, 2024, Thomas Hendrickson, a director of Ollie's Bargain Outlet Holdings, Inc., transferred 5,049 shares of the company's common stock to the Hendrickson Revocable Trust.
• The transfer was made for no consideration.
• Hendrickson and his spouse are trustees of the trust, and he and his immediate family are the sole beneficiaries.
• Despite the transfer, Hendrickson remains the beneficial owner of the securities held by the trust.
• Following the transaction, Hendrickson directly owns 610 shares and indirectly owns 5,049 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding a share transfer for estate planning purposes, with no inherent positive or negative implications for the company's performance.

Industry Context

This is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the director's outlook on the company.

Related Party Transactions

• The transfer of shares to the Hendrickson Revocable Trust is a related party transaction, as the director and his family are beneficiaries of the trust.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a transfer of ownership for estate planning purposes and does not change the director's overall beneficial ownership.

Key Dates