PureCycle (PCT) CEO Olson surrenders 25,887 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 tax-related share disposition. Olson surrendered 25,887 shares of common stock at a value of $5.79 per share to cover tax liability tied to the vesting of an equity award under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan. This was a tax-withholding disposition rather than an open-market sale. After this transaction, Olson directly holds 1,323,250 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 | 25,887 | $5.79 | $150K |
Holdings After Transaction:
Common Stock — 1,323,250 shares (Direct)
Footnotes (1)
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FAQ
What did PureCycle (PCT) CEO Dustin Olson report in this Form 4?
Dustin Olson reported surrendering 25,887 PureCycle shares to cover tax liability on a vesting equity grant. The disposition was a tax-withholding event, not an open-market stock sale, and it adjusted his equity position for compensation-related taxes.
Was the PureCycle (PCT) CEO’s Form 4 transaction an open-market sale?
No. The 25,887 shares were surrendered to cover tax liability from a vesting equity award. The filing describes this as a tax-withholding disposition, meaning shares were delivered for taxes rather than sold on the open market to outside buyers.