Form 4: Ollie's Bargain Outlet SVP, CIO Larry Kraus Reports Stock Transactions
SEC Form 4
Larry Kraus, SVP and CIO of Ollie's Bargain Outlet Holdings, Inc., reports the vesting and conversion of restricted stock units into common stock, along with associated tax liability settlements.
Summary
- On March 22, 2025, Larry Kraus converted 458 restricted stock units (RSUs) into common stock and settled tax obligations by relinquishing 227 shares.
- Following these transactions, Kraus directly owns 2,136 shares of common stock.
- On March 23, 2025, Kraus converted 863 restricted stock units (RSUs) into common stock and settled tax obligations by relinquishing 427 shares.
- Following these transactions, Kraus directly owns 2,572 shares of common stock.
- The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 21, 2025, which was $106.88.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
- The vesting schedules and terms of the restricted stock units appear standard compared to similar grants at peer companies.
- Companies like Dollar General, Dollar Tree, and Big Lots also utilize stock-based compensation as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
- Employees may be interested in the details of executive compensation as it relates to overall company performance.
Key Dates
| Date | Description |
|---|---|
| March 22, 2021 | Initial vesting date for 25% of the 1,831 RSUs granted, subject to continued service. |
| March 23, 2023 | Date of grant for 3,449 RSUs, vesting in 25% installments annually. |
| March 23, 2024 | 862 of the 3,449 RSUs granted on March 23, 2023 vested. |
| March 21, 2025 | Closing market price of $106.88 used to determine fair market value for tax withholding. |
| March 22, 2025 | Conversion of 458 Restricted Stock Units into Common Stock. |
| March 23, 2025 | Conversion of 863 Restricted Stock Units into Common Stock. |
| March 23, 2026 | 862 of the 3,449 RSUs granted on March 23, 2023 will vest. |
| March 23, 2027 | 862 of the 3,449 RSUs granted on March 23, 2023 will vest. |
| March 25, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Ollie's Bargain Outlet, Larry Kraus, Restricted Stock Units, Common Stock, Vesting, Tax Liability, Insider Trading
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