PureCycle Technologies (PCT) CEO surrenders shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PureCycle Technologies Chief Executive Officer Dustin Olson reported two dispositions of company common stock that were used to cover tax obligations from vesting equity awards. On February 20, he surrendered 12,131 shares at $8.99 per share, and on February 21 he surrendered 24,600 shares at the same price. According to the disclosure, these shares were surrendered to satisfy tax liabilities tied to a grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan, rather than sold in open-market transactions. After these transactions, Olson directly owned 1,326,992 shares of PureCycle Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Olson Dustin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 24,600 | $8.99 | $221K |
| Tax Withholding | Common Stock | 12,131 | $8.99 | $109K |
Holdings After Transaction:
Common Stock — 1,326,992 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did PureCycle (PCT) CEO Dustin Olson report?
Dustin Olson reported two stock dispositions used to cover tax liabilities from vesting equity awards. He surrendered 12,131 shares on February 20 and 24,600 shares on February 21, both at $8.99 per share, under PureCycle’s 2021 Equity and Incentive Compensation Plan.
Were Dustin Olson’s PureCycle stock dispositions open-market sales?
No, the transactions were not open-market sales. The shares were surrendered to cover tax liabilities associated with the vesting of equity grants under PureCycle Technologies’ 2021 Equity and Incentive Compensation Plan, rather than discretionary sales into the market.