SWYGERT JOHN W 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) Exec Chairman John Swygert Receives RSU Vesting
What Happened
John W. Swygert, Executive Chairman and Director of Ollie's Bargain Outlet (OLLI), had 5,894 restricted stock units (RSUs vest) convert into common stock on April 1, 2026. The RSUs converted at no exercise price (reported $0), with a total market value at vesting of about $537,769 (5,894 shares × $91.24 closing price). To satisfy tax withholding obligations, 2,564 of those shares were surrendered/cancelled (withholding), valued at $91.24 each for a total withholding of $233,939, leaving a net issuance of 3,330 shares to Mr. Swygert.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Vesting/conversion: 5,894 RSUs converted into common stock at $0 exercise price (code M).
- Tax withholding: 2,564 shares withheld/cancelled to cover tax liability (code F); amount = $233,939 (2,564 × $91.24).
- Net shares issued to insider: 3,330 shares (5,894 vested − 2,564 withheld).
- Price basis: $91.24 reflects the closing market price on April 1, 2026 (per filing).
- Footnotes: RSUs convert one-for-one to common stock; withheld shares were surrendered and cancelled by the issuer in exchange for paying the reporting person's tax withholding obligations. RSU grant vests in 25% annual installments (23,575 total RSUs granted; schedule noted in footnotes).
- Shares owned after transaction: not specified in the provided filing details.
Context
This was a routine vesting of RSUs, not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a common, non-market transaction (a cashless/withholding arrangement) and should not be read as a separate sale signal. The filing shows conversion of equity-based compensation rather than an outright trade by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-04-01+5,894→ 54,094 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-04-01$91.24/sh−2,564$233,939→ 51,530 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-04-01−5,894→ 11,787 total→ Common Stock (5,894 underlying)
Footnotes (6)
- [F1]Represents the conversion upon vesting of a restricted stock award 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 23,575 RSUs, of which 5,894 vested on April 1, 2025; 5,894 vested on April 1, 2026; 5,893 vest on April 1, 2027; and 5,894 vest on April 1, 2028.