Form 4: Ollie's Bargain Outlet EVP, COO Eric van der Valk Reports Stock Transactions
SEC Form 4
Eric van der Valk, EVP and COO of Ollie's Bargain Outlet Holdings, Inc., reports transactions involving restricted stock units and common stock.
Summary
- Eric van der Valk, the EVP and COO of Ollie's Bargain Outlet Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 23, 2024, 1,940 restricted stock units (RSUs) vested and were converted into common stock.
- Also on March 23, 2024, 805 shares were disposed of to cover tax obligations at a price of $78.17 per share.
- On March 25, 2024, 2,152 RSUs vested and were converted into common stock.
- Additionally, on March 25, 2024, 893 shares were disposed of to cover tax obligations at a price of $79.36 per share.
- Following these transactions, van der Valk directly owns 5,117 shares of common stock and 4,303 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in these transactions as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Initial vesting date for 25% of 7,761 RSUs granted to the reporting person. |
| 03/25/2022 | Initial vesting date for 25% of 8,607 RSUs granted to the reporting person. |
| 03/22/2024 | Date used to determine the fair market value of shares disposed of on March 23, 2024 ($78.17). |
| 03/23/2024 | Vesting of 1,940 RSUs and conversion to common stock; disposition of 805 shares for tax obligations. |
| 03/23/2025 | Next vesting date for 1,941 RSUs granted on March 23, 2023. |
| 03/23/2026 | Vesting date for 1,940 RSUs granted on March 23, 2023. |
| 03/23/2027 | Final vesting date for 1,940 RSUs granted on March 23, 2023. |
| 03/25/2023 | Vesting date for 2,152 RSUs granted on March 25, 2022. |
| 03/25/2024 | Vesting of 2,152 RSUs and conversion to common stock; disposition of 893 shares for tax obligations. |
| 03/25/2025 | Vesting date for 2,151 RSUs granted on March 25, 2022. |
| 03/25/2026 | Final vesting date for 2,152 RSUs granted on March 25, 2022. |
| 03/25/2024 | Date used to determine the fair market value of shares disposed of on March 25, 2024 ($79.36). |
| 03/26/2024 | Date of Form 4 signature. |
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