SWYGERT JOHN W 4

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.