Preheat the oven to 400 degrees. Line a baking sheet with parchment paper.
Make the seasoning blend by combining the Old Bay seasoning, garlic powder, onion powder, dried dill, and dried parsley in a small dish. Stir until well combined.
Prepare the salmon by cutting it into four equal fillets. Place the salmon fillets, skin-side down, on the prepared baking sheet.
Brush the salmon fillets with olive oil. Sprinkle the seasoning blend evenly over each piece of salmon.
Cook the salmon by placing it in the oven to bake for 7-10 minutes, or until medium-rare, 120-130 degrees on a meat thermometer.
Remove from oven and let stand a couple of minutes before serving with lemon wedges.