Form 4: Ollie's Bargain Outlet SVP Kevin McLain Reports Stock Transactions
SEC Form 4
SVP of Merchandising at Ollie's Bargain Outlet Holdings, Kevin McLain, reports the vesting of restricted stock units and stock options, along with associated tax liability settlements.
Summary
- Kevin McLain, SVP of Merchandising at Ollie's Bargain Outlet Holdings, reported transactions involving common stock and derivative securities.
- On April 1, 2025, 842 restricted stock units (RSUs) vested and were converted into common stock.
- McLain also acquired 2,279 employee stock options and 1,091 restricted stock options on the same date.
- A total of 364 shares were relinquished to cover federal and state tax withholding obligations resulting from the vesting of the RSUs, with the price equivalent to the fair market value of $114.55 on April 1, 2025.
- Following these transactions, McLain directly owns 12,814 shares of common stock, 2,526 restricted stock units, 2,279 employee stock options, and 1,091 restricted stock options.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider trading activity.
Positives
- The vesting of RSUs and stock options indicates a form of compensation and incentive for the reporting person.
Future Outlook
The document outlines the vesting schedule for RSUs and stock options, indicating future potential increases in the reporting person's holdings of common stock.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- Employees holding stock options or RSUs may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | First vesting date of 25% of the 3,368 RSUs granted. |
| 04/01/2025 | Date of transaction: vesting of RSUs, acquisition of stock options, and tax liability settlement. |
| 04/01/2026 | Next vesting date of 25% of the 3,368 RSUs granted, 50% of the 2,279 employee stock options, and 50% of the 1,091 restricted stock options. |
| 04/01/2027 | Next vesting date of 25% of the 3,368 RSUs granted, and 50% of the 2,279 employee stock options, and 50% of the 1,091 restricted stock options. |
| 04/01/2028 | Final vesting date of 25% of the 3,368 RSUs granted. |
| 04/01/2035 | Expiration date of the employee stock options. |
| 04/02/2025 | Date of signature of the Form 4 filing. |
Keywords
Ollie's Bargain Outlet Holdings, Kevin McLain, stock options, restricted stock units, common stock, Form 4, vesting, insider trading
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