Form 4: Ollie's Bargain Outlet SVP/CFO Robert Helm Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert Helm, SVP/CFO of Ollie's Bargain Outlet Holdings, Inc., sold 170 shares of common stock at $78.76 per share on April 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 1, 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 $78.76 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 1,607 shares of Ollie's Bargain Outlet Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for insider trading activity, which is neither inherently positive nor negative. The sentiment is neutral.
Industry Context
This is a routine disclosure of an insider transaction. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-09-13 | Date of adoption of the modified agreement in accordance with Rule 10b5-1. |
| 2023-12-13 | Effective date of the modified agreement in accordance with Rule 10b5-1. |
| 2024-04-01 | Date of the transaction (sale of shares). |
| 2024-04-03 | Date of signature of the Form 4 filing. |
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