Olaplex (OLPX) director’s 110,294 RSUs cancelled and paid $2.06 in Henkel merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLAPLEX HOLDINGS, INC. director Jerome Griffith reported a disposition of common stock tied to the company’s merger with Henkel US Operations Corporation. At the merger’s effective time, each Olaplex share was automatically converted into the right to receive $2.06 per share in cash.
The filing shows 110,294 shares underlying Griffith’s restricted stock unit awards were automatically cancelled and converted into the right to receive the same $2.06 per-share merger consideration. Following this cash-out transaction, the report shows Griffith with 0 shares of Olaplex common stock directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Griffith Jerome
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 110,294 | $2.06 | $227K |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated March 26, 2026, by and among the Issuer, Henkel US Operations Corporation ("Parent"), and Margot Acquisition Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger as a wholly owned subsidiary of Parent (the "Merger" and, together with the other transactions contemplated by the Merger Agreement, the "Transactions"). At the effective time of the Merger (the "Effective Time"), each share of Common Stock of the Issuer (each, a "Share") issued and outstanding immediately prior to the Effective Time was converted automatically into the right to receive $2.06 per Share in cash (the "Merger Consideration"), without interest, subject to any withholding of taxes required by applicable law. At the Effective Time, each award of restricted stock units covering Shares granted under the Issuer's 2021 Equity Incentive Plan, the Issuer's Amended & Restated 2020 Omnibus Equity Incentive Plan, or any other effective equity or equity-based incentive plan sponsored by the Issuer or its affiliates (each such award, a "Company RSU Award") that was outstanding immediately prior to the Effective Time (whether vested or unvested) was, by virtue of the Merger, automatically cancelled and converted into the right to receive (without interest) an amount in cash equal to the product of (x) the aggregate number of Shares underlying such Company RSU Award, multiplied by (y) the Merger Consideration. The amount reported includes 110,294 Shares underlying the Reporting Person's Company RSU Awards, which were automatically cancelled and converted into the right to receive the Merger Consideration at the Effective Time.
Key Figures
Shares disposed: 110,294 shares
Merger consideration: $2.06 per share
Post-transaction holdings: 0 shares
+2 more
5 metrics
Shares disposed
110,294 shares
Restricted stock unit awards cancelled at merger effective time
Merger consideration
$2.06 per share
Cash paid for each Olaplex common share in merger
Post-transaction holdings
0 shares
Common stock directly owned by Jerome Griffith after transaction
Transaction code
D
Disposition to issuer recorded on Form 4
Security title
Common Stock
Underlying security for reported disposition
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock units, Equity Incentive Plan, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated March 26, 2026..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"was converted automatically into the right to receive $2.06 per Share in cash (the "Merger Consideration")..."
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
restricted stock units financial
"each award of restricted stock units covering Shares granted under the Issuer's 2021 Equity Incentive Plan..."
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.
Equity Incentive Plan financial
"under the Issuer's 2021 Equity Incentive Plan, the Issuer's Amended & Restated 2020 Omnibus Equity Incentive Plan..."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
wholly owned subsidiary financial
"with the Issuer surviving the Merger as a wholly owned subsidiary of Parent..."
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
What insider transaction did Olaplex (OLPX) director Jerome Griffith report?
Jerome Griffith reported a disposition of Olaplex common stock to the issuer. The transaction reflects cancellation of equity tied to a merger, not an open-market trade, and converted his awards into cash rights at the merger consideration.
How were Olaplex (OLPX) restricted stock units treated in the merger?
Each Olaplex restricted stock unit award was automatically cancelled at the merger’s effective time. Holders received cash equal to the number of underlying shares multiplied by the $2.06 per-share merger consideration, without interest and subject to applicable tax withholding requirements.