Form 4: Ollie's Bargain Outlet EVP, COO Eric van der Valk Awarded Stock Options and Restricted Stock Units

Eric van der Valk, EVP and COO of Ollie's Bargain Outlet Holdings, Inc., received stock options and restricted stock units on April 1, 2024, which vest in installments over the next four years.

Summary

• On April 1, 2024, Eric van der Valk, the EVP and COO of Ollie's Bargain Outlet Holdings, Inc., was granted employee stock options and restricted stock units.
• The stock options grant consists of 14,216 options with an exercise price of $74.23.
• These options vest in 25% installments annually, starting April 1, 2024, and are subject to continued service through each vesting date.
• The restricted stock units grant consists of 7,409 units, each representing a contingent right to receive one share of common stock at vesting.
• These restricted stock units also vest in 25% installments annually, starting April 1, 2024, and are subject to continued service through each vesting date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices, incentivizing long-term performance. There are no immediate negative implications.

Positives

• The grant of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company's long-term success.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the granted securities.

Industry Context

Granting stock options and restricted stock units is a common practice to incentivize and retain key executives in the retail industry.

Comparison to Industry Standards

• Stock option and RSU grants are standard compensation tools used across the retail industry to align executive incentives with shareholder value.
• Companies like Walmart, Target, and Costco also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and grant sizes are generally benchmarked against peer companies to ensure competitiveness in attracting and retaining talent.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align management's interests with the company's long-term performance.
• Employees may see this as a positive sign of the company's commitment to its leadership team.

Key Dates