McLain Kevin 4

What Happened

• Kevin McLain, Senior Vice President, Merchandising at Ollie's Bargain Outlet Holdings, had restricted stock units (RSUs) convert into common stock on March 25, 2026. The filing shows 1,519 shares were reported as acquired upon conversion (exercise/conversion of a derivative).
• To satisfy tax withholding obligations from the vesting, McLain relinquished 670 shares to the issuer valued at $91.01 per share, totaling approximately $60,977. The Form 4 also reports a derivative-related disposition of 1,519 shares related to the conversion.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026.
• Conversion reported: 1,519 shares (exercise/conversion of derivative) at $0.00 per share (acquired).
• Tax withholding: 670 shares surrendered (Disposed) at $91.01/share = $60,977 (payment of tax liability).
• Reported derivative disposition: 1,519 shares (listed as disposed in the filing in connection with the conversion).
• Footnotes of note:
  • RSUs convert one-for-one into common stock (F2, F5).
  • The shares surrendered were relinquished/cancelled in exchange for the issuer agreeing to pay federal/state tax withholding obligations (F3).
  • The $91.01 price is the closing market price on 3/25/2026 (F4).
  • The reporting person was originally granted 6,075 RSUs and, per the filing, they were fully vested as of 3/25/2026 (F6).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• This was an RSU vesting and conversion event, not an open-market purchase or a voluntary sale. The surrender of shares to cover taxes is a routine administrative action (stock-withholding/cashless withholding) and does not necessarily signal buying or selling sentiment.
• For retail investors: purchases or open-market insider buys are often more informative about confidence than routine vesting and tax-withholding transactions like this one.