Comitale James J 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) SVP/GC James Comitale Vests RSUs, Withholds Shares
What Happened
James J. Comitale, Senior Vice President and General Counsel of Ollie's Bargain Outlet (OLLI), had 1,085 restricted stock units (RSUs convert to common stock) vest and convert into common shares on March 25, 2026. Of those shares, 479 were relinquished/withheld to cover federal and state tax withholding obligations at a reported fair market value of $91.01 per share (totaling $43,594). The net shares retained from this vesting event were 606 shares (1,085 converted minus 479 withheld).
Key Details
- Transaction date: March 25, 2026. Form 4 filed March 27, 2026 (no late filing indicated).
- Transactions reported: conversion/settlement of RSUs (code M) and tax withholding/share surrender (code F).
- Price used for withholding calculation: $91.01 per share (closing market price March 25, 2026). Withheld shares value: $43,594.
- Grant/vesting context: Comitale was granted 4,339 RSUs in total; as of March 25, 2026 all RSUs are vested (vesting occurred in 25% annual installments).
- Footnotes: withholding was an exempt transaction under Section 16b-3(e) — shares were cancelled by the issuer in exchange for the issuer paying the reporting person's tax withholding obligations.
- Net new shares to insider from this vesting: 606 shares.
Context
This was a routine RSU vesting with a "sell/withhold to cover taxes" action, not an open-market sale or purchase. For retail investors, such withholding/cancellation to meet tax obligations is common and generally should not be interpreted as a directional insider trade signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-03-25+1,085→ 4,464 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-03-25$91.01/sh−479$43,594→ 3,985 total - Exercise/Conversion
Restricted Stock Units
[F5][F1][F6]2026-03-25−1,085→ 0 total→ Common Stock (1,085 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 25, 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 25, 2022, subject to continued service through each applicable vesting date. The reporting person was granted 4,339 RSUs, and as of March 25, 2026, all of such RSUs are vested in their entirety.