PureCycle (PCT) CAO Gregory Barta awarded stock and options in incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PureCycle Technologies, Inc. corporate controller and chief accounting officer Gregory L. Barta reported equity awards consisting of common stock and stock options. He acquired 9,969 shares of common stock and 7,459 employee stock options, each with a price per share of $0.00, reflecting granted compensation rather than open-market purchases.
The common stock was granted as restricted stock units under the company’s 2021 long-term incentive plan and vests over four years, with one quarter of the award vesting in each of four periods. The nonqualified stock option award is subject to a three-year vesting schedule following the grant date. After these awards, he directly holds 18,311 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barta Gregory L
Role
Corp. Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 7,459 | $0.00 | -- |
| Grant/Award | Common Stock | 9,969 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 7,459 shares (Direct);
Common Stock — 18,311 shares (Direct)
Footnotes (1)
- The restricted stock units were granted as part of the Company's 2021 long-term incentive plan grant cycle and are subject to vesting over four years with one quarter, rounded down to the nearest whole share of stock, vesting in each of the four periods. Exercise of the nonqualified award is subject to vesting three years following the date of grant.
FAQ
What insider transactions did PureCycle Technologies (PCT) report for Gregory L. Barta?
Gregory L. Barta reported acquiring equity awards in PureCycle Technologies, including common stock and options. The filing shows grants of 9,969 shares of common stock and 7,459 employee stock options as part of the company’s long-term incentive compensation structure.
What stock options were granted to Gregory L. Barta by PureCycle Technologies (PCT)?
Gregory L. Barta received 7,459 employee stock options, described as a nonqualified award. According to the filing, exercising these options is subject to vesting three years after the grant date, aligning them with long-term incentive and retention objectives.
What are the vesting terms for Gregory L. Barta’s restricted stock units at PureCycle Technologies (PCT)?
The restricted stock units granted to Gregory L. Barta vest over four years. One quarter of the award, rounded down to the nearest whole share of stock, vests in each of four periods under the company’s 2021 long-term incentive plan grant cycle.
Were Gregory L. Barta’s PureCycle Technologies (PCT) equity awards open-market purchases?
No, the equity awards were not open-market purchases. Both the 9,969 common shares and 7,459 options show a transaction price of $0.00 per share, indicating they are compensation grants under the company’s long-term incentive programs rather than market-based buys.