PureCycle (PCT) director Daniel Coombs granted 16,622 restricted stock units
Rhea-AI Filing Summary
Coombs Daniel M reported acquisition or exercise transactions in this Form 4 filing.
PureCycle Technologies director Daniel M. Coombs received a grant of 16,622 shares of Common Stock in the form of restricted stock units. The award was made at no cash cost to him and brings his direct holdings to 156,843 shares after the transaction.
The restricted stock units were granted under PureCycle’s 2021 long-term incentive plan and will vest on the earlier of one year from the grant date or the company’s next regular annual stockholders’ meeting in the following calendar year.
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Insights
Director received routine equity award that increases alignment with shareholders.
Director Daniel M. Coombs acquired 16,622 restricted stock units of PureCycle Technologies as a compensation grant under the 2021 long-term incentive plan. The grant price is listed as $0.0000 per share, confirming it is an award rather than a market purchase.
The units vest on the earlier of one year after grant or the next regular annual stockholders’ meeting in the following calendar year. This structure encourages continued board service and links compensation to company performance without signaling an active buy or sell view on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,622 | $0.00 | $0.00 |
Footnotes (1)
- F1. The restricted stock units were granted as part of the Company's 2021 long-term incentive plan and will vest on the earlier of (a) the one-year anniversary of the date of grant and (b) the date of the Company's regular annual meeting of stockholders which occurs in the calendar year following the calendar year in which the date of grant occurs.
Key Figures
Key Terms
restricted stock units financial
2021 long-term incentive plan financial
vest financial
annual meeting of stockholders financial
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