PureCycle (PCT) CFO surrenders stock to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PureCycle Technologies, Inc. Chief Financial Officer Jaime Vasquez reported two insider transactions related to equity compensation. On February 20 and 21, he surrendered 3,057 and 5,594 shares of common stock, respectively, at $8.99 per share to cover tax liabilities triggered by the vesting of awards under the company’s 2021 Equity and Incentive Compensation Plan. Following the most recent tax-withholding disposition, he directly owned 89,878 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
VASQUEZ JAIME
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,594 | $8.99 | $50K |
| Tax Withholding | Common Stock | 3,057 | $8.99 | $27K |
Holdings After Transaction:
Common Stock — 89,878 shares (Direct)
Footnotes (1)
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FAQ
What insider activity did PureCycle Technologies (PCT) report for Jaime Vasquez?
PureCycle reported that CFO Jaime Vasquez surrendered shares in two transactions to cover tax liabilities from vesting equity awards. These were Form 4-reportable dispositions of common stock tied to compensation, not new option exercises or open-market purchases.
Were the PureCycle (PCT) CFO’s transactions classified as sales or tax withholdings?
The transactions are coded as “F” and described as tax-withholding dispositions. The Form 4 notes they represent shares surrendered to pay tax liabilities associated with vesting equity awards, rather than ordinary open-market share sales.