Form 4: Ollie's CEO John Swygert Executes Stock Options and Sells Shares Under 10b5-1 Plan

Ollie's Bargain Outlet Holdings CEO John W. Swygert exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On June 5, 2024, John W. Swygert, CEO of Ollie's Bargain Outlet Holdings, Inc., executed employee stock options to acquire 14,736 shares of common stock at an exercise price of $20.26 per share.
• Simultaneously, Swygert sold 5,000 shares at a weighted average price of $85.26, with prices ranging from $85.00 to $85.81, and 9,736 shares at a weighted average price of $87.60, with prices ranging from $87.50 to $88.23.
• These transactions were conducted under a pre-arranged trading plan adopted on October 2, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following these transactions, Swygert directly owns 48,200 shares of Ollie's common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports transactions under a pre-existing plan. It doesn't indicate positive or negative performance.

Industry Context

Executive stock option exercises and sales are common practice, often conducted under 10b5-1 plans to avoid insider trading accusations. The filing provides transparency into executive compensation and stock ownership.

Comparison to Industry Standards

• Executive compensation packages often include stock options to align management interests with shareholder value.
• Rule 10b5-1 plans are a standard tool for executives to manage their stock sales in a compliant manner.
• Comparable companies such as Dollar General and Dollar Tree also have executives who utilize 10b5-1 plans for stock transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates