van der Valk Eric 4

What Happened

• Eric van der Valk, President & CEO and a director of Ollie's Bargain Outlet (OLLI), had RSUs vest and convert into common stock on March 25, 2026. A total of 2,152 shares were issued upon conversion. Of those, 936 shares were relinquished/withheld to satisfy federal and state tax withholding obligations, with the withheld shares valued at $91.01 each for a total of $85,185.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely).
• Conversion: 2,152 RSUs vested and converted to common stock (code M — exercise/conversion of derivative).
• Tax withholding: 936 shares disposed/withheld to cover tax liability (reported value $91.01/share; total $85,185) — exempt under Rule 16b-3(e) for share withholding (footnote F3).
• Reported price basis: $91.01 equals the closing market price on March 25, 2026 (footnote F4).
• Vesting details: The RSUs were granted as 8,607 units and vest in 25% annual installments; the 2,152 figure represents the 25% installment that vested on the March 25, 2026 anniversary (footnotes F5–F6).
• Shares owned after the transaction: not provided in the excerpt of this filing.

Context

• This was not an open-market purchase or sale reflecting a trading view; it was the conversion/vesting of RSUs and a routine share-withholding to satisfy tax obligations (a common, non-speculative transaction).
• The conversion is effectively an award vesting into stock; the withholding of some shares to cover taxes is a cashless method frequently used on vesting events.