Form 4: PureCycle Technologies CEO Dustin Olson Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, disposed of 1,174 shares to cover tax obligations upon vesting of shares granted in connection with his employment offer.
Summary
- Dustin Olson, the CEO of PureCycle Technologies, reported a transaction involving the disposal of common stock on October 4, 2024.
- The transaction involved the withholding of 1,174 shares to cover tax obligations arising from the vesting of 2,984 shares granted as part of his employment offer.
- The shares were disposed of at a price of $9.26 per share.
- Following the transaction, Olson directly owns 1,040,381 shares of PureCycle Technologies.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the CEO's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine event.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 10/07/2024 | Date of signature for the Form 4 filing. |
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