Form 4: PureCycle CFO Executes Routine Tax-Related Share Sale
Statement of Changes in Beneficial Ownership
PureCycle Technologies CFO Donald Carpenter disposed of 3,017 shares to satisfy tax obligations related to equity vesting.
Summary
- Donald Carpenter, Chief Financial Officer of PureCycle Technologies, Inc. (PCT), disposed of 3,017 shares of common stock.
- The transaction occurred on May 20, 2026, at a price of $11.86 per share.
- The disposal was executed to cover tax withholding liabilities associated with the vesting of equity grants.
- Following this transaction, the reporting person maintains beneficial ownership of 96,564 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event with no impact on the company's strategic or financial outlook.
Positives
- The transaction was a mandatory tax-withholding event rather than a discretionary sale, indicating continued alignment with company equity.
Negatives
- Reduction in the total number of shares held directly by the Chief Financial Officer.
Risks
- None identified; this is a standard administrative transaction related to compensation plans.
Future Outlook
No forward-looking guidance provided in this filing.
Management Comments
- The filing notes that the shares were surrendered to cover tax liability associated with the vesting of a grant pursuant to the 2021 Equity and Incentive Compensation Plan.
Industry Context
StockSavvy.ai notes that routine tax-withholding transactions by C-suite executives are standard corporate practice and do not typically signal a change in management sentiment regarding company performance.
Comparison to Industry Standards
- The transaction aligns with standard executive compensation practices across the materials and recycling sectors.
- The use of 'sell-to-cover' for tax obligations is a common mechanism for executives to manage equity-based compensation.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a routine tax-related equity adjustment.
Next Steps
- None identified.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date of the transaction involving the disposal of shares. |
| 05/21/2026 | Date the Form 4 was signed and filed. |
Keywords
PureCycle Technologies, PCT, Insider Trading, Form 4, CFO, Equity Vesting
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