PureCycle CEO surrenders shares for tax withholding
PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported a tax-related share disposition.
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Rhea-AI Filing Summary
PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported a tax-related share disposition. Olson surrendered 25,887 shares of common stock at a value of $5.79 per share to cover tax liability tied to the vesting of an equity award under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan. This was a tax-withholding disposition rather than an open-market sale. After this transaction, Olson directly holds 1,323,250 shares of PureCycle common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 25,887 | $5.79 | $150K |
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 did PureCycle (PCT) CEO Dustin Olson report in this Form 4?
Was the PureCycle (PCT) CEO’s Form 4 transaction an open-market sale?
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