Form 4: PureCycle Technologies CEO Dustin Olson Reports Tax-Related Stock Transaction
SEC Filing (Form 4)
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 April 4, 2024, where 727 shares of common stock were disposed of to cover taxes due upon the vesting of 2,984 shares.
- The price per share for the transaction was $5.68.
- Following the transaction, Olson beneficially owns 1,073,733 shares of PureCycle Technologies.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposal by the CEO.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of the stock transaction (disposal of shares for tax withholding). |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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