Form 4: Ollie's Bargain Outlet SVP, General Counsel James Comitale Reports Acquisition of Stock Options and Restricted Stock Units

James Comitale, SVP, General Counsel of Ollie's Bargain Outlet Holdings, Inc., reports the acquisition of stock options and restricted stock units on April 1, 2024.

Summary

• On April 1, 2024, James J. Comitale, SVP, General Counsel of Ollie's Bargain Outlet Holdings, Inc., acquired 5,815 employee stock options with an exercise price of $74.23.
• These options vest in 25% installments annually, starting April 1, 2025, and expiring on April 1, 2034.
• Comitale also acquired 3,031 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock at vesting.
• These RSUs also vest in 25% installments annually, starting April 1, 2025.
• Following these transactions, Comitale directly owns 5,815 derivative securities (employee stock options) and 3,031 restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the options and RSUs suggests an expectation of continued service from the executive.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects the company's ongoing efforts to incentivize and retain key personnel.

Comparison to Industry Standards

• Stock option and RSU grants are standard compensation practices for executives in publicly traded companies like Ollie's Bargain Outlet.
• Vesting schedules, typically over a 4-year period, are also common to encourage long-term commitment.
• Comparable companies such as Dollar General, Dollar Tree, and Big Lots also utilize similar equity-based compensation plans for their executives.

Stakeholder Impact

• The grant of stock options and RSUs aligns the executive's interests with those of the shareholders, potentially leading to better performance and increased shareholder value.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates