Form 4: Ollie's Bargain Outlet SVP/CFO Reports Stock Transactions Following RSU Vesting
SEC Form 4
Robert F. Helm, SVP/CFO of Ollie's Bargain Outlet Holdings, Inc., reports the vesting of restricted stock units and subsequent transactions involving common stock to cover tax obligations.
Summary
- On March 23, 2024, Robert F. Helm, SVP/CFO of Ollie's Bargain Outlet Holdings, Inc., had 1,294 restricted stock units (RSUs) vest and convert into common stock.
- Following the vesting, Helm disposed of 614 shares of common stock to cover federal and state tax withholding obligations.
- The price of the disposed shares was $78.17, equivalent to the fair market value on March 22, 2024.
- After these transactions, Helm directly owns 1,519 shares of common stock and 3,880 restricted stock units.
- The RSUs vest in 25% installments annually, with future vesting dates on March 23 of 2025, 2026, and 2027.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not contain information that would significantly impact investor sentiment.
Future Outlook
The reporting person has remaining RSUs that will vest in installments on March 23 of 2025, 2026, and 2027, subject to continued service.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Initial grant date of RSUs, with vesting in 25% installments annually. |
| 03/22/2024 | Date used to determine fair market value of stock for tax withholding. |
| 03/23/2024 | Date of RSU vesting and stock transactions. |
| 03/23/2025 | Next RSU vesting date (1,293 RSUs). |
| 03/23/2026 | Subsequent RSU vesting date (1,294 RSUs). |
| 03/23/2027 | Final RSU vesting date (1,293 RSUs). |
| 03/26/2024 | Date of Form 4 filing. |
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