Form 4: Ollie's Bargain Outlet Executive Chairman John Swygert Reports Stock Transactions
SEC Form 4
Executive Chairman John Swygert of Ollie's Bargain Outlet Holdings, Inc. reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- John Swygert, Executive Chairman of Ollie's Bargain Outlet Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2025, 5,894 restricted stock units (RSUs) vested and were converted into common stock.
- Swygert also disposed of 2,563 shares to cover federal and state tax withholding obligations resulting from the vesting of the RSUs.
- The price per share for the tax withholding was $114.55, equivalent to the fair market value on April 1, 2025.
- Following these transactions, Swygert directly owns 51,531 shares of common stock and 17,681 RSUs.
- The RSUs vest in 25% installments annually on April 1st, with the remaining RSUs vesting on April 1, 2026, April 1, 2027 and April 1, 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Future Outlook
The reporting person has remaining RSUs that will vest in installments on April 1, 2026, April 1, 2027 and April 1, 2028, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they reflect the ongoing compensation of a key executive.
- The transactions have a minor impact on employees, as they reflect the ongoing compensation of a key executive.
- The transactions have a minor impact on customers, as they reflect the ongoing compensation of a key executive.
- The transactions have a minor impact on suppliers, as they reflect the ongoing compensation of a key executive.
- The transactions have a minor impact on creditors, as they reflect the ongoing compensation of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | First vesting date of RSUs, with 25% of the granted RSUs vesting. |
| 04/01/2025 | Date of reported transactions: vesting of 5,894 RSUs and tax withholding. |
| 04/01/2026 | Next vesting date of RSUs, with 5,894 RSUs vesting. |
| 04/01/2027 | Vesting date of RSUs, with 5,893 RSUs vesting. |
| 04/01/2028 | Final vesting date of RSUs, with 5,894 RSUs vesting. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Form 4, Ollie's Bargain Outlet Holdings, John Swygert, Restricted Stock Units, RSUs, Beneficial Ownership, Stock Vesting, Tax Withholding, Executive Compensation
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