Zender Christopher 4
Research Summary
AI-generated summary
Ollie's (OLLI) EVP Christopher Zender Exercises/Receives Awards; Shares Withheld
What Happened
- Christopher Zender, EVP and Chief Operating Officer of Ollie's Bargain Outlet Holdings, reported multiple derivative-related transactions on April 1, 2026. The filing shows conversions/vesting and awards totaling reported acquisitions (including a 764-share conversion and awards of 3,836 and 8,748 derivative shares). To satisfy tax withholding obligations, 340 shares were delivered/withheld at a reported price of $91.24 per share, yielding proceeds of $31,022. Most entries are awards/conversions (acquisitions); the 340-share disposition was a routine sell/withhold to cover taxes.
Key Details
- Transaction date: April 1, 2026.
- Reported disposition: 340 shares withheld/surrendered at $91.24 per share for $31,022 (tax withholding).
- Reported acquisitions: 764 shares (conversion/vesting) and awards of 3,836 and 8,748 derivative shares (reported at $0 cost).
- Footnote highlights:
- Conversions reflect restricted stock/RSU vesting and RSU-to-common-stock conversion (one-for-one).
- RSUs/options have multi-year vesting schedules (see F6–F8); only specified tranches vested on April 1, 2026.
- The 340-share disposal was an exempt tax-withholding transaction under Section 16b-3(e) (sell/withhold to satisfy tax liability).
- The $91.24 price equals the closing market price on April 1, 2026 (fair market value).
- Shares owned after the transactions are not provided in the excerpt.
- No late filing (transactionTimeliness = 'L') was indicated in the provided information.
Context
- This filing reflects vesting/conversion and award activity, not an open-market investment decision. The 340-share surrender is a routine "sell-to-cover" for tax withholding, not a market sale for investment purposes. The larger award/option amounts subject to multi-year vesting mean additional shares may vest in future years according to the schedules disclosed.