Ollie’s (OLLI) SVP nets 1,388 shares as RSUs vest, 613 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ollie's Bargain Outlet Holdings, Inc. senior vice president of merchandising Kevin McLain reported routine equity compensation activity. On April 1, 2026, 842 and 546 restricted stock units (RSUs) vested and converted on a one-for-one basis into a total of 1,388 shares of common stock at a $0 exercise price.
To cover federal and state tax withholding from these RSU vestings, 372 and 241 shares (613 total) of common stock were withheld and cancelled at a fair market value of $91.24 per share, an exempt transaction under Section 16b-3(e). After these transactions, McLain directly owned 15,050 shares of common stock.
Footnotes state that one RSU grant of 3,368 units vests in 25% annual installments, with 842 units vesting on each of April 1, 2025, 2026, 2027, and 2028, subject to continued service. A separate grant of 1,091 RSUs vests 50% on April 1, 2026 and 50% (545 units) on April 1, 2027, also subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,388 shares exercised/converted
Mixed
6 txns
Insider
McLain Kevin
Role
SVP, Merchandising
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 842 | $0.00 | -- |
| Exercise | Restricted Stock Units | 546 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 per share | 842 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 372 | $91.24 | $34K |
| Exercise | Common Stock, par value $0.001 per share | 546 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 per share | 241 | $91.24 | $22K |
Holdings After Transaction:
Restricted Stock Units — 1,684 shares (Direct);
Common Stock, par value $0.001 per share — 15,117 shares (Direct)
Footnotes (1)
- Represents the conversion upon vesting of a restricted stock award into common stock ("Common Stock"). Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis. 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. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of April 1, 2026. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting. 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 3,368 RSUs, of which 842 vested on April 1, 2025; 842 vested on April 1, 2026; 842 vest on April 1, 2027; and 842 vest on April 1, 2028. RSUs vest and become exercisable in 50% 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 1,091 RSUs, of which 546 vested on April 1, 2026; and 545 vest on April 1, 2027.
Key Figures
RSUs vested and converted: 1,388 shares
Tax withholding shares: 613 shares
Withholding share value: $91.24 per share
+3 more
6 metrics
RSUs vested and converted
1,388 shares
Total RSUs converting to common stock on April 1, 2026
Tax withholding shares
613 shares
Shares relinquished to cover tax obligations on April 1, 2026
Withholding share value
$91.24 per share
Fair market value based on closing price on April 1, 2026
Shares owned after transactions
15,050 shares
Direct common stock holdings following April 1, 2026 activity
First RSU grant size
3,368 RSUs
Grant vesting 25% annually from April 1, 2025 to April 1, 2028
Second RSU grant size
1,091 RSUs
Grant vesting 50% on April 1, 2026 and 545 on April 1, 2027
Key Terms
Restricted Stock Units, Section 16b-3(e), tax withholding obligations, fair market value, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability..."
tax withholding obligations financial
"shares were relinquished and cancelled in exchange for payment of federal and state tax withholding obligations..."
fair market value financial
"The price reported in column 4 is equivalent to the fair market value based on the closing market price..."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vesting financial
"RSUs vest and become exercisable in 25% installments on each anniversary date of the grant..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Kevin McLain report for OLLI on April 1, 2026?
Kevin McLain reported RSU vesting that converted into 1,388 shares of Ollie’s common stock. These were compensation-related equity awards, not open-market purchases, and reflect previously granted restricted stock units becoming shares as service-based vesting conditions were met.
What are the key terms of Kevin McLain’s vested and unvested RSU awards at Ollie’s (OLLI)?
One grant includes 3,368 RSUs vesting 25% annually from April 1, 2025 through April 1, 2028, with 842 units each year. Another grant has 1,091 RSUs vesting 50% on April 1, 2026 and 545 units on April 1, 2027, all subject to continued service.