Form 4: PureCycle Technologies CEO Dustin Olson Reports Share Transaction
SEC Filing
Dustin Olson, CEO of PureCycle Technologies, reports a transaction involving the withholding of shares to cover taxes upon vesting.
Summary
- Dustin Olson, the CEO of PureCycle Technologies, filed a Form 4 with the SEC.
- The filing reports a transaction on July 4, 2024, where 727 shares of common stock were disposed of to cover taxes due upon the vesting of shares.
- Following the transaction, Olson directly owns 1,070,227 shares of PureCycle Technologies.
- The shares were withheld to pay taxes on 2,984 of the 143,235 shares granted in connection with Olson's employment offer.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's overall prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/04/2024 | Date of the share transaction (disposal of shares for tax purposes). |
| 07/08/2024 | Date of signature on the Form 4 filing. |
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