PureCycle (PCT) counsel surrenders 3,398 shares to cover equity award taxes
Rhea-AI Filing Summary
PureCycle Technologies, Inc. General Counsel and Chief Compliance Officer Brad Kalter reported a tax-related share disposition. He surrendered 3,398 shares of common stock at $6.45 per share to cover tax liability from the vesting of an equity award under the 2021 Equity and Incentive Compensation Plan, and now holds 189,889 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,398 shares
Net Sell
1 txn
Insider
Kalter Brad
Role
General Counsel, CCO & Scty.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,398 | $6.45 | $22K |
Holdings After Transaction:
Common Stock — 189,889 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) insider Brad Kalter report in this Form 4?
Brad Kalter reported a tax-withholding disposition of 3,398 PureCycle common shares. The shares were surrendered to satisfy taxes from a vesting equity grant, not sold in an open market transaction, under the company’s 2021 Equity and Incentive Compensation Plan.
Was the PureCycle (PCT) Form 4 transaction an open market stock sale?
No, the Form 4 describes a tax-withholding disposition, not an open market sale. Shares were surrendered back to cover income tax liability triggered by vesting of an equity award granted under PureCycle’s 2021 Equity and Incentive Compensation Plan.
What plan governed the equity award in this PureCycle (PCT) Form 4 filing?
The equity award referenced in the Form 4 was granted under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan. Shares were surrendered to satisfy tax liability associated with vesting of that grant, according to the footnote disclosure in the filing.
What does transaction code F mean in the PureCycle (PCT) Form 4?
Transaction code F indicates a tax-related disposition where shares are used to pay an exercise price or tax liability. In this case, it denotes shares surrendered by Brad Kalter to cover taxes triggered by vesting of a PureCycle 2021 plan equity grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.