Edwards Pamela J 4
Research Summary
AI-generated summary
Olaplex (OLPX) Director Pamela J. Edwards Sells 110,294 Shares
What Happened
- Pamela J. Edwards, a director of Olaplex Holdings, Inc., had 110,294 shares (underlying restricted stock units) converted into cash at $2.06 per share as part of the company's merger with Henkel. The disposition to the issuer resulted in total consideration of $227,206 on July 7, 2026. This was not an open-market sale but a cash-out under the merger agreement.
Key Details
- Transaction date and price: 2026-07-07 at $2.06 per share.
- Shares involved: 110,294 RSU shares converted and paid out.
- Total transaction value: $227,206.
- Transaction code/type: Disposition to issuer (D) — RSUs cancelled and converted to cash under the Merger Agreement.
- Shares owned after transaction: Not specified in the filing (the RSUs were cancelled at the Effective Time).
- Footnotes: The payout was pursuant to the Merger Agreement (dated March 26, 2026) — each share outstanding was converted into $2.06 cash; Company RSU Awards were automatically cancelled and converted into cash equal to number of shares × $2.06.
- Filing timeliness: Reported with period and filing date of 2026-07-07 (no late filing indicated).
Context
- This transaction reflects merger consideration (the company was acquired and became a wholly owned subsidiary of Henkel); it does not reflect a voluntary sale by the insider on market sentiment. For retail investors, merger-driven cash-outs are routine administrivia rather than a direct insider vote on future prospects.