PureCycle (PCT) awards 16,622 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mars Valerie Anne reported acquisition or exercise transactions in this Form 4 filing.
PureCycle Technologies director Valerie Anne Mars received a grant of 16,622 shares of Common Stock as a restricted stock unit award. The award was granted with a price of $0.00 per share under the company’s 2021 long-term incentive plan and is held directly.
Following this grant, Mars directly owns 21,320 shares of PureCycle Technologies common stock. The restricted stock units will vest on the earlier of one year from the grant date or the date of the company’s next regular annual stockholders’ meeting held in the following calendar year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mars Valerie Anne
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,622 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,320 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock unit grant: 16,622 shares
Grant price: $0.00 per share
Shares owned after grant: 21,320 shares
+1 more
4 metrics
Restricted stock unit grant
16,622 shares
Common Stock award to director on Form 4
Grant price
$0.00 per share
Restricted stock unit transaction price
Shares owned after grant
21,320 shares
Director’s direct holdings following transaction
Vesting condition
Earlier of 1 year or next annual meeting
Restricted stock units under 2021 long-term incentive plan
Key Terms
restricted stock units, long-term incentive plan, vest
3 terms
restricted stock units financial
"The restricted stock units were granted as part of the Company's 2021 long-term incentive plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
long-term incentive plan financial
"granted as part of the Company's 2021 long-term incentive plan and will vest"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
vest financial
"will vest on the earlier of (a) the one-year anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did PureCycle Technologies (PCT) disclose about Valerie Anne Mars in this Form 4?
PureCycle Technologies disclosed that director Valerie Anne Mars received 16,622 shares of Common Stock as a restricted stock unit award at $0.00 per share, increasing her direct holdings to 21,320 shares after the transaction.
What are the vesting terms of Valerie Anne Mars’s restricted stock units at PureCycle (PCT)?
The restricted stock units granted to Valerie Anne Mars vest on the earlier of one year after the grant date or the date of PureCycle’s regular annual meeting of stockholders held in the following calendar year, according to the long-term incentive plan.
Under which plan were Valerie Anne Mars’s restricted stock units granted at PureCycle (PCT)?
The restricted stock units for Valerie Anne Mars were granted under PureCycle Technologies’ 2021 long-term incentive plan. This plan governs the terms of equity-based awards, including the vesting schedule tied to time and the company’s annual stockholders’ meetings.