PureCycle (PCT) director Jacoby Allen receives 16,622-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jacoby Allen reported acquisition or exercise transactions in this Form 4 filing.
PureCycle Technologies director Jacoby Allen received an equity award from the company. On the reported date, Allen was granted 16,622 restricted stock units under PureCycle’s 2021 long-term incentive plan at no cash cost. Following this grant, Allen directly holds 96,088 shares of common stock.
The restricted stock units will vest on the earlier of one year from the grant date or the date of PureCycle’s next regular annual meeting of stockholders in the following calendar year, tying the award to both service and the company’s regular governance cycle.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jacoby Allen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,622 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 96,088 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 16,622 shares
Grant price: $0.0000 per share
Shares held after transaction: 96,088 shares
3 metrics
Equity award size
16,622 shares
Restricted stock units granted to director
Grant price
$0.0000 per share
Recorded value of RSU grant
Shares held after transaction
96,088 shares
Director’s direct holdings following grant
Key Terms
restricted stock units, 2021 long-term incentive plan, annual meeting of stockholders
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.
2021 long-term incentive plan financial
"The restricted stock units were granted as part of the Company's 2021 long-term incentive plan"
annual meeting of stockholders financial
"the date of the Company's regular annual meeting of stockholders which occurs in the calendar year following"
FAQ
What did PureCycle Technologies (PCT) director Jacoby Allen report in this Form 4?
Jacoby Allen reported receiving 16,622 restricted stock units as an equity award. The grant was made under PureCycle’s 2021 long-term incentive plan and was recorded at no cash cost, reflecting compensation rather than an open-market share purchase.
What are the vesting terms of Jacoby Allen’s new restricted stock units from PureCycle (PCT)?
The restricted stock units will vest on the earlier of one year from the grant date or the date of PureCycle’s regular annual meeting of stockholders in the following calendar year, aligning vesting with both time-based service and the company’s governance schedule.
Was Jacoby Allen’s PureCycle (PCT) equity transaction a market purchase or sale?
The transaction was not a market purchase or sale. It is coded as a grant or award acquisition, with 16,622 restricted stock units received at a price of $0.0000 per share as part of the company’s long-term incentive compensation program.
Under which plan were Jacoby Allen’s new restricted stock units from PureCycle (PCT) granted?
The restricted stock units were granted under PureCycle’s 2021 long-term incentive plan. This plan is used by the company to provide equity-based compensation awards to eligible participants, aligning their interests with those of stockholders over time.