McLain Kevin 4

What Happened Kevin McLain, SVP, Merchandising at Ollie's Bargain Outlet (OLLI), had 1,078 restricted stock units (RSUs vest) convert into common shares on March 23, 2026. The filing shows 1,078 shares acquired on conversion and 466 shares surrendered/withheld to satisfy tax obligations at an implied fair market value of $94.45 per share (total ≈ $44,014). The transaction was reported on Form 4 filed March 25, 2026.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely).
• Vesting/conversion: 1,078 RSUs → 1,078 common shares (reported as acquired at $0 per share).
• Tax withholding: 466 shares surrendered/disposed to cover taxes at $94.45/share = $44,014 (reported as payment of tax liability).
• Filing notes: RSUs convert one-for-one on vesting; vesting schedule was 25% annually from March 23, 2023–2027. Footnotes state surrendered shares were cancelled by the issuer in exchange for paying the holder's tax withholding.
• Shares owned after the transaction: not specified in the information provided in this summary.

Context This was a vesting event with shares withheld to cover taxes (a routine, non-open-market transaction), not an opportunistic sale. For retail investors, such tax-withholding surrenders are common and do not necessarily indicate a buy or sell signal about the executive’s view of the stock.