Director at PureCycle (NASDAQ: PCT) receives 16,622-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Musa Fernando reported acquisition or exercise transactions in this Form 4 filing.
PureCycle Technologies director Musa Fernando received an equity award rather than buying shares on the market. He was granted 16,622 shares of Common Stock at $0.00 per share as part of the company’s 2021 long-term incentive plan, structured as restricted stock units.
The 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 stockholder meeting in the following calendar year. After this grant, Fernando directly holds 160,504 shares of PureCycle common stock, reflecting routine director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Musa Fernando
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,622 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 160,504 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 16,622 shares
Grant price per share: $0.00 per share
Shares held after transaction: 160,504 shares
3 metrics
Shares granted
16,622 shares
Restricted stock unit grant under 2021 long-term incentive plan
Grant price per share
$0.00 per share
Reported transaction price for the equity award
Shares held after transaction
160,504 shares
Director’s direct ownership following the grant
Key Terms
restricted stock units, long-term incentive plan, vest
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.
long-term incentive plan financial
"granted as part of the Company's 2021 long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
vest financial
"and will vest on the earlier of (a) the one-year anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.