Form 4: PureCycle Technologies CEO Dustin Olson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Dustin Olson, CEO of PureCycle Technologies, disposed of 4,757 shares of common stock on March 2, 2025, to cover tax liabilities associated with vesting of a grant.
Summary
- On March 2, 2025, Dustin Olson, the CEO of PureCycle Technologies, disposed of 4,757 shares of common stock.
- The transaction was executed to cover tax liabilities related to the vesting of a grant under the PureCycle Technologies, Inc. 2021 Equity and Incentive Compensation Plan.
- The shares were disposed of at a price of $10.3.
- Following the transaction, Olson directly owns 1,152,815 shares of PureCycle Technologies.
- The transaction was reported by Brad S Kalter as attorney-in-fact for Dustin Olson on March 3, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when equity grants vest.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/02/2025 | Date of transaction: Dustin Olson disposed of shares. |
| 03/03/2025 | Date of report: Brad S Kalter reported the transaction as attorney-in-fact for Dustin Olson. |
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