PureCycle Technologies (PCT) CEO surrenders shares to cover tax obligations
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
Net Seller: 36,731 shares
Net Sell
2 txns
Insider
Olson Dustin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 24,600 | $8.99 | $221K |
| Exercise Price or Tax Liability | Common Stock | 12,131 | $8.99 | $109K |
Holdings After Transaction:
Common Stock — 1,326,992 shares (Direct)
Footnotes (1)
- F1. Represents shares surrendered by the Reporting Person to cover tax liability associated with the vesting of a grant to the Reporting Person pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.