PureCycle CEO surrenders shares for tax withholding
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.
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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.
Insider Trade Summary
| 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 |
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
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What insider transactions did PureCycle (PCT) CEO Dustin Olson report?
Were Dustin Olson’s PureCycle stock dispositions open-market sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.