Comitale James J 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) SVP James Comitale Converts RSUs; Shares Withheld for Taxes
What Happened
James J. Comitale, Senior Vice President and General Counsel of Ollie's Bargain Outlet (OLLI), had RSUs vest on April 1, 2026, resulting in the conversion of 1,249 RSUs into common stock (758 + 491). The conversion is reported as exercise/conversion of derivatives (code M) at $0.00. To satisfy tax withholding obligations, 552 shares (335 + 217) were relinquished/cancelled (code F) at a fair market value of $91.24 per share, resulting in withholding valued at $30,565 and $19,799 respectively (total ~$50,364). The withholding was an exempt transaction under Section 16b-3(e).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Converted/vested: 1,249 RSUs → 1,249 shares (758 + 491). Reported acquisition price: $0.00 (derivative conversion).
- Shares withheld for taxes: 552 shares (335 + 217) at $91.24 = $50,364 total. These shares were relinquished/cancelled in exchange for the issuer paying the withholding (per footnote F3).
- Fair market value basis: $91.24 per share (closing price on April 1, 2026; footnote F4).
- Vesting context per footnotes: one grant of 3,031 RSUs (25% annual vesting; 758 vested Apr 1, 2026) and one grant of 1,964 RSUs (25% annual vesting; 491 vested Apr 1, 2026).
- Shares owned after the transaction: not specified in the filing.
- Transaction codes: M = exercise/conversion of derivative; F = payment of tax liability via withholding.
Context
This was a standard vesting/conversion of RSUs with shares withheld to cover taxes (a cashless/withholding settlement), not an open-market sale or a company insider purchasing stock. Such tax-withholding dispositions are routine and do not necessarily signal a change in the insider’s view of the company. The filing notes the exemption under Section 16b-3(e) for withholding arrangements.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-04-01+758→ 4,743 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-04-01$91.24/sh−335$30,565→ 4,408 total - Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-04-01+491→ 4,899 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-04-01$91.24/sh−217$19,799→ 4,682 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-04-01−758→ 1,515 total→ Common Stock (758 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F1][F7]2026-04-01−491→ 1,473 total→ Common Stock (491 underlying)
Footnotes (7)
- [F1]Represents the conversion upon vesting of restricted stock awards into common stock ("Common Stock").
- [F2]Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
- [F3]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
- [F4]The price reported in column 4 is equivalent to the fair market value based on the closing market price as of April 1, 2026.
- [F5]Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- [F6]RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, April 1, 2024, subject to continued service through each applicable vesting date. The reporting person was granted 3,031 RSUs, of which 758 vested on April 1, 2025; 758 vested on April 1, 2026; 757 vest on April 1, 2027; and 758 vest on April 1, 2028.
- [F7]RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, April 1, 2025, subject to continued service through each applicable vesting date. The reporting person was granted 1,964 RSUs, of which 491 vested on April 1, 2026; 491 vest on April 1, 2027; 491 vest on April 1, 2028; and 491 vest on April 1, 2029.