SWYGERT JOHN W 4
4 · Ollie's Bargain Outlet Holdings, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Ollie's (OLLI) Executive Chairman John Swygert Exercises RSUs and Sells Shares
What Happened
John W. Swygert, Executive Chairman and Director of Ollie's Bargain Outlet (OLLI), had 9,257 restricted stock units (RSUs) convert to common stock on March 25, 2026 (derivative exercise/conversion). Of those shares, 4,026 were surrendered to cover federal/state tax withholding (worth $366,406 based on $91.01 fair market value used for withholding) and 3,898 shares were sold in the open market on March 27, 2026 for a weighted average price of $89.40, generating approximately $348,481. Net from this reported vesting/conversion he retained 1,333 shares from that award (9,257 − 4,026 − 3,898 = 1,333).
Key Details
- Dates: RSU conversion/vesting recorded 2026-03-25; open-market sale executed 2026-03-27; Form 4 filed 2026-03-27 (appears timely).
- Transaction codes: M = conversion/exercise of derivative (RSUs → common stock); F = shares surrendered/withheld to satisfy tax obligations; S = open market sale.
- Prices/values: conversion price $0.00; withholding price reported as $91.01 (fair market value as of 3/25/2026); sale weighted avg $89.40 (sales executed between $88.55–$90.29).
- Shares moved: 9,257 RSUs converted; 4,026 shares withheld for taxes ($366,406); 3,898 shares sold ($348,481); 1,333 shares remained from this conversion.
- Footnotes of note: RSUs convert one-for-one into common stock and the filing states the reporting person was originally granted 37,028 RSUs (all vested as of 3/25/2026). The tax-withholding share surrender was an exempt transaction under Rule 16b‑3. The open-market sale was made under a pre-established Rule 10b5‑1 trading plan adopted 6/23/2025 and disclosed in the issuer’s 10-Q.
Context
This was primarily a vesting/settlement of RSUs with routine tax withholding plus a subsequent sale under a pre-arranged 10b5‑1 plan. The withholding of shares to cover taxes and a subsequent sale are common administrative steps following equity award vesting and do not, by themselves, indicate a change in long-term insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001 per share
[F1][F2]2026-03-25+9,257→ 61,355 total - Tax Payment
Common Stock, par value $0.001 per share
[F3][F4]2026-03-25$91.01/sh−4,026$366,406→ 57,329 total - Sale
Common Stock, par value $0.001 per share
[F5][F6]2026-03-27$89.40/sh−3,898$348,481→ 53,431 total - Exercise/Conversion
Restricted Stock Units
[F7][F1][F8]2026-03-25−9,257→ 0 total→ Common Stock (9,257 underlying)
Footnotes (8)
- [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]Transaction made pursuant to an agreement adopted by the reporting person during an open trading window on June 23, 2025, and disclosed in the issuer's Form 10-Q filed on September 3, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F6]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.55-90.29, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.
- [F8]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 37,028 RSUs, and as of March 25, 2026, all of such RSUs are vested in their entirety.