PureCycle CEO surrenders shares for tax withholding
PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported a tax-related share disposition.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 25,887 shares
Exercise Price or Tax Liability
1 txn
Insider
Olson Dustin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 25,887 | $5.79 | $150K |
Holdings After Transaction:
Common Stock — 1,323,250 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 did PureCycle (PCT) CEO Dustin Olson report in this Form 4?
Dustin Olson reported surrendering 25,887 PureCycle shares to cover tax liability on a vesting equity grant. The disposition was a tax-withholding event, not an open-market stock sale, and it adjusted his equity position for compensation-related taxes.
Was the PureCycle (PCT) CEO’s Form 4 transaction an open-market sale?
No. The 25,887 shares were surrendered to cover tax liability from a vesting equity award. The filing describes this as a tax-withholding disposition, meaning shares were delivered for taxes rather than sold on the open market to outside buyers.
AI-generated analysis. How Rhea-AI works. Not financial advice.