Form 4: Ollie's Bargain Outlet EVP, COO Eric van der Valk Reports Stock Transactions
SEC Form 4 Filing
Eric van der Valk, EVP and COO of Ollie's Bargain Outlet Holdings, Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership.
Summary
- On May 3, 2024, Eric van der Valk, the EVP and COO of Ollie's Bargain Outlet Holdings, Inc., had 849 restricted stock units (RSUs) vest and convert into common stock.
- Following the vesting, 370 shares were relinquished to cover federal and state tax withholding obligations.
- The price per share for the tax withholding was $76.8, based on the closing market price on May 3, 2024.
- After these transactions, van der Valk directly owns 5,596 shares of common stock and 850 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax obligations, with no indication of positive or negative sentiment.
Future Outlook
850 RSUs are scheduled to vest on May 3, 2025, subject to continued service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 05/03/2021 | Initial grant date of 3,399 Restricted Stock Units (RSUs), vesting in 25% installments annually. |
| 05/03/2022 | 850 RSUs vested. |
| 05/03/2023 | 850 RSUs vested. |
| 05/03/2024 | 849 RSUs vested; stock transactions occurred to cover tax obligations. |
| 05/03/2025 | 850 RSUs are scheduled to vest. |
| 05/07/2024 | Date of Form 4 filing. |
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