Kraus Larry 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) SVP/CIO Larry Kraus Receives 862 RSUs; 381 Withheld
What Happened
Larry Kraus, SVP and Chief Investment Officer of Ollie's Bargain Outlet (OLLI), had 862 restricted stock units (RSUs) vest on March 23, 2026. The RSUs converted into 862 shares of common stock at a fair market value of $94.45 per share (gross value ≈ $81,416). To satisfy tax withholding obligations, 381 shares were relinquished/cancelled by the issuer (withheld) for a value of about $35,985, leaving a net of 481 shares retained (net value ≈ $45,430). This was a vesting/conversion of equity awards rather than an open-market purchase or sale.
Key Details
- Transaction date: March 23, 2026; filing date: March 25, 2026.
- Conversion/vesting: 862 RSUs converted into 862 shares (coded M).
- Tax withholding: 381 shares withheld/cancelled (coded F) at $94.45/share, total ≈ $35,985.
- Net shares retained: 481 shares (862 vested − 381 withheld), net value ≈ $45,430.
- Footnotes: RSUs convert one-for-one into common stock; the withholding was an exempt transaction under Rule 16b‑3 (issuer withheld/cancelled shares to pay tax obligations). The grant was part of a 3,449-RSU award that vests in 25% annual installments; 862 vested on 3/23/2026.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine equity award vesting and cashless settlement via share withholding to cover taxes — common for executives receiving RSUs. It is not an open-market sale (no proceeds paid to the insider) and therefore is generally viewed as administrative (tax payment) rather than a directional insider trade signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-03-23+862→ 4,541 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-03-23$94.45/sh−381$35,985→ 4,160 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-03-23−862→ 862 total→ Common Stock (862 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 March 23, 2026.
- [F5]Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- [F6]The RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, March 23, 2023, subject to continued service through each applicable vesting date. The reporting person was granted 3,449 RSUs, of which 862 vested on March 23, 2024; 863 vested on March 23, 2025; 862 vested on March 23, 2026; and 862 vest on March 23, 2027.