Olaplex (OLPX) Chief People Officer sells shares to cover RSU tax withholding
Rhea-AI Filing Summary
OLAPLEX HOLDINGS, INC. Chief People Officer Trisha L. Fox reported a sale of common stock tied to tax obligations. On this Form 4, she sold 25,421 shares at $1.26 per share in a “sell to cover” transaction required to satisfy tax withholding from vesting restricted stock units. After the transaction, she held 1,080,363 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,421 shares
Net Sell
1 txn
Insider
FOX TRISHA L
Role
Chief People Officer
Sold
25,421 shs ($32K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,421 | $1.26 | $32K |
Holdings After Transaction:
Common Stock — 1,080,363 shares (Direct)
Footnotes (1)
- F1. Required number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). This sale was made to satisfy tax withholding obligations through a "sell to cover" transaction pursuant to the terms of the applicable RSU award agreement.
FAQ
What insider transaction did Olaplex (OLPX) disclose for Trisha L. Fox?
Olaplex reported that Chief People Officer Trisha L. Fox sold 25,421 shares of common stock. The shares were sold in connection with tax withholding on vesting restricted stock units, rather than as a discretionary open-market sale.
Is the Olaplex (OLPX) Form 4 sale by Trisha L. Fox an open-market trade?
Although coded as a sale, the footnote explains it was required to satisfy tax withholding on RSU vesting. It was executed as a “sell to cover” transaction under the award agreement, rather than a voluntary open-market portfolio adjustment.
AI-generated analysis. How Rhea-AI works. Not financial advice.