Form 4: Ollie's Bargain Outlet SVP/CFO Robert F. Helm Sells Shares Under 10b5-1 Plan
SEC Form 4
Robert F. Helm, SVP/CFO of Ollie's Bargain Outlet Holdings, Inc., sold 170 shares of common stock at $80 per share on May 6, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 6, 2024, Robert F. Helm, the SVP/CFO of Ollie's Bargain Outlet Holdings, Inc., sold 170 shares of the company's common stock.
- The sale was executed at a price of $80 per share.
- The transaction was conducted under a pre-arranged trading plan (Rule 10b5-1) adopted on September 13, 2023, with an effective date of December 13, 2023.
- Following the transaction, Helm directly owns 1,437 shares of Ollie's Bargain Outlet Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which allows corporate insiders to sell shares at predetermined times and prices to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| September 13, 2023 | Date of adoption of the modified agreement in accordance with Rule 10b5-1. |
| December 13, 2023 | Effective date of the modified agreement in accordance with Rule 10b5-1. |
| May 06, 2024 | Date of the stock sale transaction. |
| May 07, 2024 | Date of signature of the Form 4 filing. |
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