van der Valk Eric 4

What Happened

• Eric van der Valk, President, CEO and Director of Ollie's Bargain Outlet Holdings (OLLI), had 1,940 restricted stock units (RSUs convertible into common stock) vest and convert into 1,940 shares on March 23, 2026.
• To satisfy tax withholding obligations, 844 of those shares were surrendered/withheld at a fair-market value of $94.45 per share (total value ≈ $79,716). The RSU award/derivative position of 1,940 RSUs was cancelled upon conversion. Net shares received and retained by van der Valk from this vesting event: 1,096 shares (1,940 vested − 844 withheld).
• This was not an open-market sale or purchase — it was the routine conversion/vesting of RSUs with shares withheld for taxes (a common, non-bullish/cashless tax-withholding transaction).

Key Details

• Transaction date: March 23, 2026. Form 4 filed March 25, 2026 (timely filing).
• Price used for valuation: $94.45 per share (closing market price 3/23/2026). Withheld shares value: ≈ $79,716.
• Shares acquired via conversion: 1,940 common shares; shares withheld/disposed for taxes: 844; RSU/derivative cancelled: 1,940. Net new shares retained: 1,096.
• Footnotes: RSUs convert one-for-one to common stock (F1–F5). The withholding/disposition is an exempt transaction under Section 16b‑3(e) — issuer withheld/cancelled shares to pay federal/state tax withholding (F3). The RSU grant vests in 25% annual installments; van der Valk was granted 7,761 RSUs with remaining vesting through March 23, 2027 (F6).
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was a standard vesting and tax-withholding event (cashless tax withholding), not an open-market sale or buy. Such transactions are routine when equity awards vest and do not necessarily signal a change in insider sentiment.