Form 4: Ollie's Bargain Outlet SVP, General Counsel James J. Comitale Reports Stock Transactions
SEC Form 4
James J. Comitale, SVP, General Counsel of Ollie's Bargain Outlet Holdings, Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 23, 2025, James J. Comitale, SVP, General Counsel of Ollie's Bargain Outlet Holdings, Inc., had 863 restricted stock units (RSUs) vest into common stock.
- Following the vesting, 427 shares were withheld to cover federal and state tax obligations at a price of $106.88 per share.
- After these transactions, Comitale directly owns 3,576 shares of common stock and 1,724 restricted stock units.
- The reported transactions were executed pursuant to Rule 16b-3 related to tax withholding obligations.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The reporting person has 1,724 remaining restricted stock units that will vest in the future.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership levels.
- Employees holding similar equity grants will be interested in the vesting schedule and tax implications.
Key Dates
| Date | Description |
|---|---|
| 03/23/2023 | Initial grant date of 3,449 Restricted Stock Units (RSUs), vesting in 25% installments annually. |
| 03/23/2024 | 862 RSUs vested. |
| 03/23/2025 | 863 RSUs vested and shares were withheld for tax obligations; transaction date of this Form 4. |
| 03/23/2026 | 862 RSUs will vest. |
| 03/23/2027 | 862 RSUs will vest. |
| 03/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Ollie's Bargain Outlet Holdings, James J. Comitale, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Vesting, Tax Withholding, Beneficial Ownership
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