PureCycle Technologies (PCT) CEO surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PureCycle Technologies, Inc. Chief Executive Officer Dustin Olson reported a routine share withholding tied to equity compensation. On this Form 4, Olson surrendered 2,141 shares of common stock at $11.86 per share to cover tax liability from a vesting grant under the company’s 2021 Equity and Incentive Compensation Plan. Following this tax-withholding disposition, he directly owns 1,321,109 shares of PureCycle common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Olson Dustin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,141 | $11.86 | $25K |
Holdings After Transaction:
Common Stock — 1,321,109 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 2,141 shares
Price per share for tax withholding: $11.86 per share
Shares held after transaction: 1,321,109 shares
3 metrics
Shares surrendered for taxes
2,141 shares
Tax-withholding disposition on 2026-05-20
Price per share for tax withholding
$11.86 per share
Value assigned to surrendered shares
Shares held after transaction
1,321,109 shares
Direct holdings following Form 4 transaction
Key Terms
tax-withholding disposition, PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan, Form 4
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan financial
"vesting of a grant to the Reporting Person pursuant to the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan"
Form 4 regulatory
"On this Form 4, Olson surrendered 2,141 shares of common stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PureCycle Technologies (PCT) report for Dustin Olson?
PureCycle’s CEO Dustin Olson reported a tax-related share disposition. He surrendered 2,141 common shares to cover taxes from a vesting equity grant, a standard non-market transaction, and continued to hold 1,321,109 shares afterward.
Was Dustin Olson’s PureCycle (PCT) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to satisfy tax liability from a vesting equity award under PureCycle’s 2021 Equity and Incentive Compensation Plan.
What plan governed Dustin Olson’s equity grant at PureCycle (PCT)?
The equity grant related to this transaction was issued under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan. Shares were surrendered solely to pay taxes triggered by the vesting of that compensation award.