Comitale James J 4
Research Summary
AI-generated summary
Ollie's (OLLI) SVP James Comitale Exercises RSUs; 381 Shares Withheld
What Happened
James J. Comitale, SVP and General Counsel of Ollie's Bargain Outlet Holdings, Inc. (OLLI), had 862 restricted stock units (RSUs) vest on March 23, 2026. Those RSUs converted into 862 shares of common stock (reported as a derivative exercise, code M). Of the vested shares, 381 were relinquished/withheld to satisfy federal and state tax withholding obligations at a reported fair market value of $94.45 per share, for a total tax withholding value of $35,985 (reported under code F).
Key Details
- Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
- Conversion: 862 RSUs converted into 862 common shares (code M); price reported for conversion = $0.00 (typical for vested RSUs).
- Withholding/tax: 381 shares withheld/cancelled to cover tax obligations at $94.45/share = $35,985 (code F).
- Footnotes: RSUs convert one-for-one into common stock (F1, F2, F5); the withholding is an exempt transaction under Section 16(b)-3(e) where shares are delivered/withheld to satisfy tax obligations (F3); fair market value per share is the March 23, 2026 close (F4).
- Vesting schedule context: The RSU grant totaled 3,449 RSUs with 25% vesting annually; the March 23, 2026 installment was for 862 RSUs (F6).
- Shares owned after the transaction: not explicitly stated in this Form 4.
Context
This filing documents a routine RSU vesting and tax-withholding transaction rather than an open-market purchase or sale. Code M indicates conversion/exercise of a derivative (here, RSU vesting); code F denotes shares withheld/cancelled to satisfy tax withholding. Such withholdings are standard and do not, by themselves, indicate the insider's view on the company's stock.