PureCycle Technologies (PCT) counsel surrenders shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PureCycle Technologies, Inc. General Counsel and Chief Compliance Officer Brad Kalter reported tax-related share dispositions on this Form 4. He surrendered 4,908 and 2,841 shares of common stock at $8.99 per share to cover tax liabilities from vesting equity awards, and now holds 183,680 shares directly plus 120,000 shares indirectly through a revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kalter Brad
Role
General Counsel, CCO & Scty.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,908 | $8.99 | $44K |
| Tax Withholding | Common Stock | 2,841 | $8.99 | $26K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 183,680 shares (Direct);
Common Stock — 120,000 shares (Indirect, Brad S. Kalter and Julie F. Kalter Revocable Trust)
Footnotes (1)
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FAQ
What insider transactions did PureCycle Technologies (PCT) report on this Form 4?
The filing shows Brad Kalter surrendered 4,908 and 2,841 shares of common stock at $8.99 per share. These were tax-withholding dispositions tied to vesting equity awards, not open-market sales, under PureCycle Technologies’ 2021 Equity and Incentive Compensation Plan.
Who is the insider involved in PureCycle Technologies (PCT) Form 4?
The insider is Brad Kalter, General Counsel, Chief Compliance Officer and Secretary of PureCycle Technologies, Inc. He reported tax-withholding dispositions of common stock related to equity grant vesting under the company’s 2021 Equity and Incentive Compensation Plan.
Were the PureCycle Technologies (PCT) insider transactions open-market sales?
No, the transactions were not open-market sales. They are coded as “F” transactions, indicating shares were surrendered to cover tax liabilities from vesting equity grants, as described in the footnote referencing the 2021 Equity and Incentive Compensation Plan.