Form 4: Ollie's CEO John Swygert Executes Stock Transactions Under 10b5-1 Plan
SEC Form 4 Filing
Ollie's Bargain Outlet CEO, John Swygert, engaged in multiple stock transactions, including both acquisitions and sales, under a pre-arranged 10b5-1 trading plan.
Summary
- Ollie's Bargain Outlet Holdings CEO, John W. Swygert, executed several transactions involving the company's common stock on December 10, 2024.
- These transactions included both the acquisition and sale of shares.
- The transactions were made under a pre-arranged trading plan adopted on July 18, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- Mr. Swygert acquired 22,652 shares at a weighted average price of $58.90 and 31,666 shares at a weighted average price of $32.20.
- He also sold 22,652 shares at a weighted average price of $109.34 and 31,666 shares at a weighted average price of $109.51.
- The sales were executed in multiple transactions with prices ranging from $107.19 to $111.39 for one set of sales and $106.90 to $111.40 for the other.
- Additionally, the document details the vesting schedules for employee stock options granted to Mr. Swygert in 2017 and 2018.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This type of transaction is common for executives of publicly traded companies, often using 10b5-1 plans to avoid accusations of insider trading.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies like Ollie's, similar to practices at companies such as Walmart (WMT) and Target (TGT).
- These plans allow executives to sell shares at predetermined times and prices, mitigating concerns about insider trading.
- The vesting schedules for stock options are also typical, with vesting occurring over several years, similar to compensation structures at other retail companies like Dollar General (DG) and Dollar Tree (DLTR).
Stakeholder Impact
- The stock transactions may have a minor impact on the stock price, but are unlikely to have a significant effect on shareholders.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2017-03-22 | Date of grant for one set of employee stock options, which vested fully on March 22, 2021. |
| 2018-03-28 | Date of grant for another set of employee stock options, which vested fully on March 28, 2022. |
| 2021-03-22 | Date when the 2017 stock options vested in their entirety. |
| 2022-03-28 | Date when the 2018 stock options vested in their entirety. |
| 2024-07-18 | Date the 10b5-1 trading plan was adopted. |
| 2024-12-10 | Date of the reported stock transactions. |
| 2024-12-12 | Date the document was signed by James J. Comitale as Attorney-In-Fact. |
| 2027-03-22 | Date of expiry for one set of employee stock options. |
| 2028-03-28 | Date of expiry for another set of employee stock options. |
Keywords
Ollie's Bargain Outlet, Stock Transactions, John Swygert, 10b5-1 Plan, CEO, Stock Options, Share Sales, Share Acquisitions
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