Form 4: Ollie's Bargain Outlet SVP, CIO Larry Kraus Executes Stock Options and Sells Shares
SEC Form 4 Filing
Larry Kraus, SVP and CIO of Ollie's Bargain Outlet Holdings, Inc., exercised stock options and sold shares on December 16, 2024, according to a Form 4 filing with the SEC.
Summary
- On December 16, 2024, Larry Kraus, the SVP, CIO of Ollie's Bargain Outlet Holdings, Inc., executed employee stock options and sold shares of common stock.
- Kraus exercised options to acquire 2,559 shares at $43.21, 2,696 shares at $41.49, and 5,391 shares at $79.89.
- Simultaneously, Kraus sold 2,559, 2,696, and 5,391 shares at a weighted average price of $115.58.
- Following these transactions, Kraus directly owns 1,905 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock option exercises and sales by an executive, with no clear positive or negative implications for the company's overall outlook.
Industry Context
Executive stock option exercises and sales are common practice, often tied to vesting schedules and personal financial planning. These transactions are closely watched by investors for insights into management's perspective on the company's value.
Comparison to Industry Standards
- Executive compensation packages, including stock options, are standard practice across publicly traded companies.
- The vesting schedules and exercise prices are typical for stock option grants.
- Comparable companies in the retail sector also utilize stock options as part of their executive compensation plans.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/20/2019 | Date of grant for 5,391 options, vesting in 25% installments annually. |
| 03/24/2020 | Date of grant for 2,696 options, vesting in 25% installments annually. |
| 03/25/2022 | Date of grant for 2,559 options, vesting in 25% installments annually. |
| 03/20/2023 | 5,391 options granted on 03/20/2019 fully vested. |
| 03/24/2024 | 2,696 options granted on 03/24/2020 fully vested. |
| 03/25/2024 | 2,559 options granted on 03/25/2022 vested. |
| 12/16/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 03/25/2025 | 2,559 options granted on 03/25/2022 vest. |
| 03/25/2026 | 2,559 options granted on 03/25/2022 vest. |
| 03/20/2029 | Expiration date of options granted on 03/20/2019. |
| 03/24/2030 | Expiration date of options granted on 03/24/2020. |
| 03/25/2032 | Expiration date of options granted on 03/25/2022. |
| 12/18/2024 | Date of signature on the Form 4 filing. |
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