Form 4: PureCycle Technologies CEO Dustin Olson Reports Share Transaction
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, reports the withholding of 1,325 common stock shares to cover taxes upon vesting of an equity grant.
Summary
- On May 20, 2024, Dustin Olson, the CEO of PureCycle Technologies, engaged in a transaction involving the company's common stock.
- A total of 1,325 shares were withheld to cover taxes due upon the vesting of 5,442 shares granted under the company's 2021 long-term incentive plan.
- The price per share for the transaction was $5.53.
- Following the transaction, Olson directly owns 1,071,681 shares of PureCycle Technologies.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of the CEO's stock holdings for tax purposes.
- It provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the transaction where shares were withheld for tax purposes. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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