PureCycle (NASDAQ: PCT) director granted 16,622 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jirapongphan Siri reported acquisition or exercise transactions in this Form 4 filing.
PureCycle Technologies, Inc. director Jirapongphan Siri reported receiving a grant of 16,622 shares of Common Stock in the form of restricted stock units under the company’s 2021 long-term incentive plan. Following this award, Siri directly holds 21,171 shares of Common Stock.
The restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the date of the company’s next regular annual meeting of stockholders in the following calendar year, reflecting routine director equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jirapongphan Siri
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,622 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,171 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 16,622 shares
Grant price: $0.00 per share
Shares after transaction: 21,171 shares
+2 more
5 metrics
RSU grant size
16,622 shares
Restricted stock units of Common Stock granted to director
Grant price
$0.00 per share
Reported transaction price for RSU award
Shares after transaction
21,171 shares
Director’s total directly held Common Stock following grant
Vesting trigger 1
One-year anniversary
RSUs vest on one-year anniversary of grant date
Vesting trigger 2
Next annual meeting date
Alternatively vests on next regular annual stockholder meeting date
Key Terms
restricted stock units, 2021 long-term incentive plan, regular 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"
regular annual meeting of stockholders financial
"the date of the Company's regular annual meeting of stockholders which occurs in the calendar year"
FAQ
What did PureCycle Technologies (PCT) director Jirapongphan Siri report on this Form 4?
Director Jirapongphan Siri reported receiving a grant of 16,622 restricted stock units of PureCycle Technologies Common Stock. The award was reported as a compensation-related acquisition, not an open-market transaction, and increased Siri’s directly held Common Stock position to 21,171 shares.
When will the newly granted PureCycle Technologies (PCT) restricted stock units vest?
The restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the date of PureCycle Technologies’ regular annual stockholder meeting in the following calendar year. This creates a time-based vesting schedule linked to company governance events.
Is the PureCycle Technologies (PCT) Form 4 transaction a market buy or sell?
No, the Form 4 transaction is not a market buy or sell. It is classified as a grant or award acquisition of 16,622 restricted stock units at $0.00 per share, representing routine equity compensation rather than a discretionary purchase or sale in the open market.