van der Valk Eric 4

What Happened
Eric van der Valk, President, CEO and a director of Ollie's Bargain Outlet Holdings (OLLI), had restricted equity vest on April 1, 2026. 1,853 shares converted/vested into common stock (fair market value ~$169.1K at $91.24 per share). To cover tax withholding, 806 of those shares were surrendered/cancelled (value ~$73.5K). On the same date he was also granted 26,852 RSUs and 61,235 stock options (derivative awards) as part of compensation.

Key Details

• Transaction date: April 1, 2026; Form filed April 3, 2026 (appears timely).
• Vesting/conversion: 1,853 shares converted into common stock (code M). Gross value ≈ $169,068 (1,853 × $91.24).
• Tax withholding: 806 shares disposed/cancelled to satisfy withholding (code F) for ~$73,539 (806 × $91.24); exempt under Rule 16b-3(e) per filing.
• Grants/awards: 26,852 RSUs and 61,235 stock options reported as awards (code A); these are derivative awards, not immediately tradable shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs convert one-for-one to common stock; RSU/option grants vest in 25% annual installments per the schedules disclosed (see F6–F8). Price shown ($91.24) is closing market price on Apr 1, 2026.

Context

• The 806-share disposition was not an open-market sale of existing stock but share withholding/cancellation to satisfy tax obligations from vesting (a routine, non-discretionary event).
• The new RSU and option grants vest over several years (25% per year) and do not represent immediate share sales or purchases.
• Such award vesting and tax-withholding transactions are common executive compensation mechanics and should not be read as a direct buy/sell signal about the CEO's view of the stock.