Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-08

Olaplex Holdings (OLPX)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,541,537
Amanda Baldwin total, FY2025
25th
CEO pay percentile vs peers
44:1
CEO-to-median pay ratio
99.02%
Say-on-pay support, latest vote
Companies that benchmark against OLPX
4 companies name OLPX as a compensation peer

Each company listed discloses OLPX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named OLPX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Amanda Baldwin$1,000,000$0$5,000,000$0$515,000$0$26,537$6,541,537
Chief Executive Officer
Catherine Dunleavy681,23116,5331,500,0000350,833010,1632,558,760
Chief Operating Officer and Chief Financial Officer
John Duffy408,6626,412500,0000213,725010,7391,139,538
General Counsel
Trisha Fox387,1150500,0000200,850014,0001,101,965
Chief People Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Amanda Baldwin$6,541,537$1,355,970$14,027,691+5,185,567
Catherine Dunleavy2,558,7602,394,690+164,070
John Duffy1,139,538
Trisha Fox1,101,965

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Trisha FoxRSU2025-03-11331,126$500,000
Amanda BaldwinRSU2025-03-113,311,2585,000,000
Catherine DunleavyRSU2025-03-11993,3771,500,000
John DuffyRSU2025-03-11331,126500,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Trisha Fox$500,000$0$00.0%
Amanda Baldwin5,000,000000.0%
Catherine Dunleavy1,500,000000.0%
John Duffy500,000000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John DuffyRSU600,532$804,713
John DuffyOption21,25014.95
John DuffyOption21,2505.41
Amanda BaldwinRSU4,892,2856,555,662
Catherine DunleavyRSU1,799,8282,411,770
Trisha FoxRSU654,488877,014
Amanda BaldwinOption2,118,6442.53
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program and our decisions about levels of pay are based on the philosophy that compensation should be competitive and reward our executives for strong Company performance.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultantAon
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-06-10607,634,5256,017,775668,99499.02%Passed
20242024-06-12523,166,50949,123,746157,02791.42%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-06-1099.02%a
20242024-06-1291.42%b

a. Approved under the standard stated in the filing — “Abstentions will not count either "for" or "against" the non-binding vote and will have no effect on the outcome of Proposal 2.”.

b. Approved under the standard stated in the filing — “Abstentions will not count either "for" or "against" the non-binding vote and will have no effect on the outcome of Proposal 2.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)44 : 1
CEO total compensation$6,541,537
Median employee compensation$149,243
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John P. BilbreyIndependent · Board Chair · Compensation$400,000$400,000$0$0$0$800,000
Tricia GlynnIndependent · Lead Independent Director · Compensation (Chair)140,000150,000000290,000
Martha MorfittIndependent · Audit (Chair)130,000150,000000280,000
Christine DagoussetIndependent · Nominating and Corporate Governance122,351150,000000272,351
Deirdre FindlayIndependent · Compensation114,117150,000000264,117
Emily WhiteIndependent · Nominating and Corporate Governance110,883150,000000260,883
Michael WhiteIndependent · Nominating and Corporate Governance110,000150,000000260,000
David MussaferNot independent108,234150,000000258,234
Pamela EdwardsIndependent · Audit · Newly elected90,126150,000000240,126
Jerome GriffithIndependent · Audit · Partial-year service · Newly elected47,215150,000000197,215
Paula ZusiIndependent · Departed during FY52,74800052,748
Amanda BaldwinEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,425,674
Equity awards (grant-date value)$1,750,000
All other compensation$0
Total cost of the board$3,175,674

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

MED Medifast, Inc.FRPT Freshpet, Inc.ELF e.l.f. Beauty, Inc. The Beauty Health CompanyEPC Edgewell Personal Care Company Inter Parfums, Inc.LFVN LifeVantage CorporationNATR Nature's Sunshine Products, Inc.NUS NuSkin Enterprises, Inc.BRBR BellRing Brands, Inc.WRBY Warby Parker, Inc.COTY Coty Inc.USNA USANA Health Sciences, Inc.FIGS FIGS, Inc.YETI YETI Holdings, Inc.HNST The Honest Company, Inc.OSW OneSpaWorld Holdings Limited
10a

Peer reciprocity

Of the companies Olaplex Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Medifast, Inc. (MED) Freshpet, Inc. (FRPT) e.l.f. Beauty, Inc. (ELF)36 Edgewell Personal Care Company (EPC)37 LifeVantage Corporation (LFVN) Nature's Sunshine Products, Inc. (NATR) NuSkin Enterprises, Inc. (NUS) BellRing Brands, Inc. (BRBR) Warby Parker, Inc. (WRBY)38 Coty Inc. (COTY)39 USANA Health Sciences, Inc. (USNA)40 FIGS, Inc. (FIGS)41 YETI Holdings, Inc. (YETI)42 The Honest Company, Inc. (HNST) OneSpaWorld Holdings Limited (OSW)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Olaplex Holdings.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Coty Inc.2025Sue Nabi$3,529,800$16,041,664$0$0$19,691,333
2Edgewell Personal Care Company2025Rod Little1,100,0007,576,1000907,5009,754,366
3Warby Parker, Inc.2025Neil Blumenthal575,0008,408,680009,000,180
4e.l.f. Beauty, Inc.2026Tarang Amin475,0007,399,8670950,0008,834,367
5FIGS, Inc.2025Catherine Spear1,000,0004,059,324631,8921,500,0008,211,946
6YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
7Olaplex Holdings2025Amanda Baldwin1,000,0005,000,0000515,0006,541,537
8USANA Health Sciences, Inc.2025Jim Brown821,2313,147,0200339,1684,339,625
9The Honest Company, Inc.2025Carla Vernón773,4623,139,1660219,8004,145,946
Medifast, Inc.not in coverage universe
Freshpet, Inc.not in coverage universe
LifeVantage Corporationnot in coverage universe
Nature's Sunshine Products, Inc.not in coverage universe
NuSkin Enterprises, Inc.not in coverage universe
BellRing Brands, Inc.not in coverage universe
OneSpaWorld Holdings Limitednot in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Olaplex Holdings103%RSU 100not disclosedAon
BellRing Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Coty Inc.not disclosednot disclosedNoWillis Towers Watson
e.l.f. Beauty, Inc.200%PSU 50 · RSU 50NoAon (Aon's Human Capital Solutions practice, a division of Aon plc.)
Edgewell Personal Care Company66%not disclosedNoMeridian
FIGS, Inc.200%RSU 100not disclosedPay Governance
Freshpet, Inc.not disclosednot disclosednot disclosednot disclosed
LifeVantage Corporationnot disclosednot disclosednot disclosednot disclosed
Medifast, Inc.not disclosednot disclosednot disclosednot disclosed
Nature's Sunshine Products, Inc.not disclosednot disclosednot disclosednot disclosed
NuSkin Enterprises, Inc.not disclosednot disclosednot disclosednot disclosed
OneSpaWorld Holdings Limitednot disclosednot disclosednot disclosednot disclosed
The Honest Company, Inc.28%RSU 100not disclosedSemler Brossy
USANA Health Sciences, Inc.14.6% of base salary for most NEOs; 41.3% for Jim Brown (CEO); 15% for Brent Neidig (whose bonus excluded the Hiya segment)%not disclosedYes — Positive absolute Total Shareholder Return (TSR)CODA
Warby Parker, Inc.73.0%PSU 50 · RSU 50Yes — Relative TSRSemler Brossy
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Amanda BaldwinDEF 14A2026-05-290001868726-26-000044Section “Summary Compensation Table” · page 49. As printed: 6,541,537. Filing ↗machine: t27 · r3 · c8 · span 629363–629372
2Section 01, Catherine DunleavyDEF 14A2026-05-290001868726-26-000044Section “Summary Compensation Table” · page 49. As printed: 2,558,760. Filing ↗machine: r6 · c24 · span 638859–638868
3Section 01, John DuffyDEF 14A2026-05-290001868726-26-000044Section “Summary Compensation Table” · page 49. As printed: 1,139,538. Filing ↗machine: r8 · c24 · span 644978–644987
4Section 01, Trisha FoxDEF 14A2026-05-290001868726-26-000044Section “Summary Compensation Table” · page 49. As printed: 1,101,965. Filing ↗machine: r9 · c24 · span 648560–648569
5Section 03, Trisha Fox RSUDEF 14A2026-05-290001868726-26-000044Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t28 · r12 · c4 · span 682849–682856
6Section 03, Amanda Baldwin RSUDEF 14A2026-05-290001868726-26-000044Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t28 · r6 · c4 · span 668805–668814
7Section 03, Catherine Dunleavy RSUDEF 14A2026-05-290001868726-26-000044Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t28 · r8 · c4 · span 673440–673447
8Section 03, John Duffy RSUDEF 14A2026-05-290001868726-26-000044Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t28 · r10 · c4 · span 678065–678072
9Section 07, pay ratioDEF 14A2026-05-290001868726-26-000044Section “CEO Pay Ratio”. As printed: 44 : 1. Filing ↗machine: span 748270–748272
10Section 08, John P. BilbreyDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 800,000. Filing ↗machine: t13 · r3 · c3 · span 295895–295902
11Section 08, Tricia GlynnDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 290,000. Filing ↗machine: t13 · r7 · c3 · span 301734–301741
12Section 08, Martha MorfittDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 280,000. Filing ↗machine: t13 · r9 · c3 · span 304652–304659
13Section 08, Christine DagoussetDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 272,351. Filing ↗machine: t13 · r4 · c3 · span 297359–297366
14Section 08, Deirdre FindlayDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 264,117. Filing ↗machine: t13 · r6 · c3 · span 300277–300284
15Section 08, Emily WhiteDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 260,883. Filing ↗machine: t13 · r11 · c3 · span 307567–307574
16Section 08, Michael WhiteDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 260,000. Filing ↗machine: t13 · r12 · c3 · span 309025–309032
17Section 08, David MussaferDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 258,234. Filing ↗machine: t13 · r10 · c3 · span 306111–306118
18Section 08, Pamela EdwardsDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 240,126. Filing ↗machine: t13 · r5 · c3 · span 298817–298824
19Section 08, Jerome GriffithDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 197,215. Filing ↗machine: t13 · r8 · c3 · span 303193–303200
20Section 08, Paula ZusiDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 52,748. Filing ↗machine: t13 · r13 · c1 · span 309811–309817
21Section 08, Amanda BaldwinDEF 14A2026-05-290001868726-26-000044Section “Director Compensation”. As printed: 0. Filing ↗
22Section 06, 2025 voteForm 8-K2025-06-120001868726-25-000066Item 5.07 · say-on-pay result. As reported: 99.02% (votes for as printed: 607,634,525). Filing ↗
23Section 06, 2024 voteForm 8-K2024-06-140001868726-24-000041Item 5.07 · say-on-pay result. As reported: 91.42% (votes for as printed: 523,166,509). Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 1,425,674 + equity 1,750,000 + all other 0 = 3,175,674, summed across the director compensation table rows.machine: formula: Σ = 3,175,674
27Coty Inc., Section 10b CEO totalDEF 14A2025-09-300001024305-25-000058CEO total compensation as printed in Coty Inc.'s own proxy. As printed: 19,691,333. Filing ↗machine: r2 · c51 · span 651166–651176
28Edgewell Personal Care Company, Section 10b CEO totalDEF 14A2025-12-220001104659-25-123567CEO total compensation as printed in Edgewell Personal Care Company's own proxy. As printed: 9,754,366. Filing ↗machine: t89 · r1 · c51 · span 1153139–1153148
29Warby Parker, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050432CEO total compensation as printed in Warby Parker, Inc.'s own proxy. As printed: 9,000,180. Filing ↗machine: t20 · r1 · c32 · span 611995–612004
30e.l.f. Beauty, Inc., Section 10b CEO totalDEF 14A2026-07-080001600033-26-000030CEO total compensation as printed in e.l.f. Beauty, Inc.'s own proxy. As printed: 8,834,367. Filing ↗machine: r2 · c36 · span 1742102–1742112
31FIGS, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026838CEO total compensation as printed in FIGS, Inc.'s own proxy. As printed: 8,211,946. Filing ↗machine: r2 · c24 · span 472092–472101
32YETI Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings, Inc.'s own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
33Olaplex Holdings (subject), Section 10b CEO totalDEF 14A2026-05-290001868726-26-000044CEO total compensation as printed in Olaplex Holdings's own proxy. As printed: 6,541,537. Filing ↗machine: t27 · r3 · c8 · span 629363–629372
34USANA Health Sciences, Inc., Section 10b CEO totalDEF 14A2026-04-070000896264-26-000026CEO total compensation as printed in USANA Health Sciences, Inc.'s own proxy. As printed: 4,339,625. Filing ↗machine: span 527796–527806
35The Honest Company, Inc., Section 10b CEO totalDEF 14A2026-04-090001628280-26-024452CEO total compensation as printed in The Honest Company, Inc.'s own proxy. As printed: 4,145,946. Filing ↗machine: r2 · c21 · span 294221–294230
36Section 10a, e.l.f. Beauty, Inc. reciprocityDEF 14A0001600033-26-000030e.l.f. Beauty, Inc. names Olaplex Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Edgewell Personal Care Company reciprocityDEF 14A0001104659-25-123567Edgewell Personal Care Company's most recent proxy was read; its disclosed peer group does not include Olaplex Holdings. Filing ↗
38Section 10a, Warby Parker, Inc. reciprocityDEF 14A0001104659-26-050432Warby Parker, Inc. names Olaplex Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Coty Inc. reciprocityDEF 14A0001024305-25-000058Coty Inc.'s most recent proxy was read; its disclosed peer group does not include Olaplex Holdings. Filing ↗
40Section 10a, USANA Health Sciences, Inc. reciprocityDEF 14A0000896264-26-000026USANA Health Sciences, Inc.'s most recent proxy was read; its disclosed peer group does not include Olaplex Holdings. Filing ↗
41Section 10a, FIGS, Inc. reciprocityDEF 14A0001628280-26-026838FIGS, Inc.'s most recent proxy was read; its disclosed peer group does not include Olaplex Holdings. Filing ↗
42Section 10a, YETI Holdings, Inc. reciprocityDEF 14A0001140361-26-011375YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Olaplex Holdings. Filing ↗