Comitale James J 4
Research Summary
AI-generated summary
Ollie's (OLLI) SVP/GC James Comitale Vests RSUs, Withholds Shares
What Happened
James J. Comitale, Senior Vice President and General Counsel of Ollie's Bargain Outlet (OLLI), had 1,085 restricted stock units (RSUs convert to common stock) vest and convert into common shares on March 25, 2026. Of those shares, 479 were relinquished/withheld to cover federal and state tax withholding obligations at a reported fair market value of $91.01 per share (totaling $43,594). The net shares retained from this vesting event were 606 shares (1,085 converted minus 479 withheld).
Key Details
- Transaction date: March 25, 2026. Form 4 filed March 27, 2026 (no late filing indicated).
- Transactions reported: conversion/settlement of RSUs (code M) and tax withholding/share surrender (code F).
- Price used for withholding calculation: $91.01 per share (closing market price March 25, 2026). Withheld shares value: $43,594.
- Grant/vesting context: Comitale was granted 4,339 RSUs in total; as of March 25, 2026 all RSUs are vested (vesting occurred in 25% annual installments).
- Footnotes: withholding was an exempt transaction under Section 16b-3(e) — shares were cancelled by the issuer in exchange for the issuer paying the reporting person's tax withholding obligations.
- Net new shares to insider from this vesting: 606 shares.
Context
This was a routine RSU vesting with a "sell/withhold to cover taxes" action, not an open-market sale or purchase. For retail investors, such withholding/cancellation to meet tax obligations is common and generally should not be interpreted as a directional insider trade signal.